2024 Fall - Grm, Wholesale Credit Risk Intern (4

3 weeks ago

Toronto, Canada Royal Bank of Canada Full time

**Job Summary**

The GRM - WCR Funds team manages exposure to North American Investment Managers and Fund counterparties through effective analysis of credit risk, across various investment strategies. Analyst’s primary responsibilities will include adjudication of borrower risk ratings and evaluation of proposed credit requests, providing comprehensive transactional analysis and approval recommendations in a timely manner.

**What is the opportunity?**

Group Risk Management-Wholesale Credit Risk (GRM - WCR) group is responsible for assessing credit exposures of trading and lending activities for complex Capital Markets transactions; coverage is organized by geography and aligned by industry.

The GRM - WCR Funds team manages exposure to North American Investment Managers and Fund counterparties through effective analysis of credit risk, across various investment strategies. Analyst’s primary responsibilities will include adjudication of borrower risk ratings and evaluation of proposed credit requests, providing comprehensive transactional analysis and approval recommendations in a timely manner.

**What will you do?**
- Perform credit analysis on investment managers and individual Fund borrowers; this includes reviewing Risk Assessment Framework (RAFs) which encompasses industry, business and financial risks.
- Assist with transaction flow by reviewing lending and/or trading transactions from various teams within Capital Markets as they proceed through the approval process.
- Assist in daily monitoring of borrower’s business and financial performance through monitoring of financial and industry information (conference calls, news releases, financial results, etc.), regulatory changes, third party analysis including rating agency publications, and other early warning signals.
- Conduct specific industry research and provide support on special projects as requested.
- Provide technical, analytical and project support for other functions carried out, particularly in the areas of process optimization and data management.

**What do you need to succeed?**

**Must-have**
- Strong interpersonal skills, with outstanding written and verbal communication skills
- Superior time management skills and attention to detail, with ability to perform well under pressure
- Knowledge and an understanding of financial statement analysis;
- Experience with Excel, including using Excel and VBA/Macro as a tool for financial analysis and process optimization involving large data sets.

**Nice-to-have**
- Some knowledge of and interest in pursuing a career in Risk Management or Capital Markets.
- Some background or experience working with fund managers or funds would be an asset.
- Previous experience using online research tools such as Bloomberg or using S&P/Moody’s/Fitch ratings.
- Steps towards attaining a CFA designation.

**What’s in it for you?**

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work and make a difference
- Opportunities to building close relationships

**Please note**: This posting is for a 4-months Fall 2024 Student placement with a start date of September 2024, and end date of December 2024. In order to be eligible for this 4-months Student position, you must either:

- Be returning back to school after the work term end-date of December 2024 ; or
- If you are not returning back to school (i.e. are graduating in December 2024), you must require the full 4-months work term as a mandatory component to in order to graduate successfully.
- ET24_

**Job Skills**

Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Taking Initiative

**Additional Job Details**

**Address**:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO

**City**:
TORONTO

**Country**:
Canada

**Work hours/week**:
37.5

**Employment Type**:
Full time

**Platform**:
GROUP RISK MANAGEMENT

**Job Type**:
Student/Coop (Fixed Term)

**Pay Type**:
Salaried

**Posted Date**:
2024-04-26

**Application Deadline**:
2024-06-03

**I**nclusion** and Equal Opportunity Employment**

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

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