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Form of workJob Summary
Job Description
What is the opportunity?
You will assist in the management and administration of authorized credit and transactional risk limits for various groups of fund relationships including regulated mutual funds, pension funds, trusts, endowments and managed accounts. You will maintain relationships with RBC Investor Services (RBC IS) sales and trading professionals and counterparties to ensure client needs are met on a timely basis including addressing credit requirements as necessary. The role supports the development of transaction solutions (including structuring, amount and term) and provides assistance in the preparation of transaction requests, while safeguarding the credit quality of the trading and overdraft credit portfolio, ensuring all limit systems are properly recording all approvals and help in the preparation of timely management information reports as required. The role also includes performing the risk assessment and continuous risk monitoring for the RBC IS asset managers, including mutual fund, pensions, and managed accounts.
What will you do?
Timely preparation of transaction requests in support of RBC IS credit intensive trading activities with global asset managers on behalf of the funds they manage. Alongside this, prepare transaction requests in support of IS non-trading products such as overdrafts
Understand and assess risks inherent in (i) the asset management industry and its regulation, (ii) the sponsors and the markets they operate in, (iii) products and (iv) investment strategies
Reviews of trading counterparties (including regulated mutual funds, pension funds, trusts, endowments and managed accounts). Maintenance and accuracy of trading limit data within CCMS
Prepare borrower/counterparty risk analysis and propose internal ratings. Participate in due diligence meetings / calls
Timely completion of investment manager annual reviews, and RAF reviews for a portfolio of counterparties
Compliance reporting including: limit excesses, overdraft excess monitoring, ATE triggers, and NAV monitoring and participate in KYC process as required
Completion of assigned projects and other duties in an efficient and effective manner that support business initiatives
Initiate and maintain contact with trading professionals, Group Risk Management – Credit, Market Risk, Trading Credit Risk, Trading Documentation and RBC Law Group
What do you need to succeed?
Must Have:
Understanding and knowledge of fund 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 overdrafts
Understanding of credit risk
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
Advanced data and computer management skills including proficiency with Excel
Required Education:
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 do challenging work
Work in a dynamic, collaborative, progressive and high-performing team
Opportunity to work with and gain exposure to Sales and Trading professionals, relationship managers, Group Risk Management and a number of other internal teams
Opportunities to take on progressively greater accountabilities
Job Skills
Account Management, Coaching Others, Insurance Operations, Insurance Products, Loss Assessment, Performance Management (PM), Pricing Strategies, Producer Management, Product Knowledge, ReinsuranceAdditional Job Details
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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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