2026 Capital Markets, Corporate Banking

RBC Capital Markets is a part of the Royal Bank of Canada, one of the largest providers of financial services in the world. RBC ranks among the top five banks in North America by market capitalization and has one of the highest credit ratings of any financial institution in the world.

The Real Estate Corporate Banking**(RECB) platform was created within RBC as the bank’s principal lending platform focused on real estate finance products supporting institutional firms and top tier operating partners. Our mandate includes the origination of all aspects of credit capital to finance all major commercial real estate product types, principally in Canada, but including the US, Europe and other regions where our clients operate.

RECB provides comprehensive debt capital market solutions for the world’s premier real estate owners and sponsors, focusing on groups with significant operating experience, capital, market knowledge, and a history of success. The three core client types that RECB markets to are as follows: (i) publicly traded real estate investment trusts; (ii) Canadian pension fund subsidiaries which are focused on commercial real estate ownership and management (principally, the wholly owned subsidiaries of the “Maple 8” pension funds), and (iii) real estate private equity and asset management clients. With a small team of dedicated professionals, RECB presently oversees a loan portfolio of ~C$11.5B of commitments.

As a unit of one of the world’s leading banks, RECB leverages our strong capital base and business relationships to facilitate investment opportunities for our institutional clients through the provision of the major forms of credit: secured and unsecured revolving credit facilities, secured and unsecured term loans, capital call / subscription receipt facilities, construction loans, commercial mortgages, bridge financing (acquisition loans, bridges to debt / equity financing) and derivative facilities.

**What is the opportunity?**

RECB is seeking a co-op/intern to its team for Summer 2026. Analysts work on deal teams within the group to help evaluate, underwrite and structure senior debt investments in the commercial real estate space. Analysts would be involved across all levels of a transaction with a particular focus on financial analysis, valuation, and market research. These positions provide significant exposure to full time analysts and associates, as well as senior members of the RECB and broader RBC Capital Markets team.

As an Summer Analyst you will benefit from the support of a mentor, in addition to ongoing informal mentoring from all team members. The program also features a number of social events to facilitate networking and to discuss career opportunities.

**Tasks/Responsibilities**:

- Perform valuation analysis using various methodologies, including discounted cash flow, multiples valuation, and transaction comparables
- Participate in building detailed financial models to evaluate real estate performance under various operating scenarios and to analyze the impacts of various capital structures
- Prepare presentation materials for use in committee meetings, covering topics such as deal-level strategy, market overviews, and commercial real estate activity
- Participate in all stages of the origination of real estate debt transactions, from due diligence to closing
- Coordinate efforts with deal team members and capital markets colleagues

**What do you need to succeed?**
- Excellent quantitative, analytical and communication skills
- Ability to manage multiple competing priorities and assume a high level of responsibility
- Strong team player attitude
- Ability to function in a fast-paced and challenging environment

**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

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.

**Job Skills**

**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**:
CAPITAL MARKETS

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

**Pay Type**:
Salaried

**Posted Date**:
2025-09-03

**Application Deadline**:
2025-09-18

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

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