Associate, Institutional Client Credit Management

2 weeks ago

Toronto, Canada Royal Bank of Canada> Full time

Job Summary

Job Description

What is the opportunity?
You will be responsible for requesting risk approval and monitoring overdraft, credit and transactional risk limits for various groups of fund relationships including regulated mutual funds, pension funds, trusts and endowments.  You will manage relationships with external clients as well as sales and trading professionals within RBC Capital Markets (CM) coordinating across internal legal, regulatory, operational and risk teams to ensure client trading and overdraft needs are met on a timely basis, including addressing credit requirements as necessary.  Alongside this, candidates are expected to safeguard the credit quality of the trading and overdraft credit portfolio, ensure all limit systems accurately record approvals and help in the preparation of timely management information reports as required.

What will you do?

  • Timely preparation of transaction requests in support of RBC CM credit intensive trading activities with global asset managers on behalf of the funds they manage.
  • Manage the complete client set-up process for trading and overdrafts – covering risk, regulatory, legal, compliance, tax and operational matters as required to deliver readiness to trade within tight deadlines
  • Build and maintain relationships with your own set of clients as well as sales and trading professionals within RBC
  • Manage your own workload and juggle competing priorities to deliver RBC’s products to the client according to business and client demands
  • Understand and assess client investment strategies from a risk perspective
  • Maintain accurate trading limit data within Client Credit Management Services (CCMS)
  • Review trading counterparties (including regulated mutual funds, pension funds, trusts and endowments)
  • Compliance reporting including: limit excesses, ATE triggers, and NAV monitoring and participate in KYC process as required
  • Complete assigned projects and other duties in an efficient and effective manner to support business initiatives
  • Initiate and maintain contact with trading professionals, Group Risk Management, Market Risk, Trading Credit Risk, Trading Documentation, RBC Law Group, Compliance and Operations
  • Understand and assist in negotiating supporting trading documentation (e.g. ISDA and GMRA), daily review of unauthorized overdrafts and preparation of overdraft reports

What do you need to succeed?

Must-have

  • Credit and risk background – ideally focused on the fund management industry and securities regulations governing funds
  • Familiarity and basic understanding of trading products including FX, swaps and securities finance and non-trading products such as trade finance letters of credit and nostro limits
  • Understanding of trading documentation
  • Advanced data and computer management skills including proficiency with Excel
  • Ability to establish priorities and manage tasks with accompanying attention to detail
  • Ability to interpret, explain and communicate opinions and recommendations using strong verbal and written skills 
  • Minimum: Honours, B.A. or B. Comm or equivalent

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.

  • A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
  • Opportunities to build close relationships with colleagues
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Ownership and accountability of your work  
  • Opportunity to work with and gain exposure to Sales and Trading professionals, relationship managers, Group Risk Management and a number of other internal teams

Job Skills

Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Taking Initiative, Teamwork

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:

Regular

Pay Type:

Salaried

Posted Date:

2024-05-17

Application Deadline:

2024-06-03

Inclusion 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.
​​​​​​​
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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