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Job Description
What is the opportunity?
As a Senior Associate, Credit Monitoring, Control & Documentation with RBC Wealth Management you will, assist the credit management functions in support of the WM regional loan portfolio, including ensuring that the bank’s credit risk monitoring and control activities are sufficient to safeguard the bank’s lending activities, as well as assisting in all aspects of legal documentation and review pertaining to credit transactions.
What will you do?
Prepare loan documents based on RBC’s standard templates for new credits and changes/updates to existing credits and ensure documents are in line with the appropriately approved credit proposal.
Responsible for the accuracy of information reflected on the loan and security documentation
Conduct daily and periodic review of all credit accounts and positions e.g., limit excess and collateral shortfall positions to ensure that any irregularity in the accounts is identified and flagged to the appropriate parties for prompt action, including adherence to approved rectification plans with escalation to Manager
Assist in preparation and review of daily and periodic monitoring reports including overdraft, shortfall, close-out, excess, documents out of order, next review dates, information and covenant monitoring requirements; circulate reports and follow up for responses as required
Establish new credit facilities in systems; input and maintain credit information in systems and databases; ensure facilities are correctly recorded
Conduct proper filing and maintenance of credit and documentation files, including electronic mail approvals
Identify opportunities to improve data integrity as well as improve efficiency within the credit management processes and work flow while maintaining proper controls
Ensure proper authorization of loan drawdowns (new facilities and renewals) including verification of limit availability, collateral coverage, and compliance with any required conditions; authorize collateral releases in accordance with delegated authority
What do you need to succeed?
Must-have
Degree/diploma from an accredited university in Finance, Business, Economics or related experience
3+ years of credit administration and/or loan documentation experience
Good communication skills both verbal and written in the English language
Ability to interpret loan approval terms and mechanics of credit facility agreements
Well organized with strong attention to detail and accuracy
Nice-to-have
Good understanding of lending policies and credit procedures
Familiarity with credit systems including CoMS, CASPER and CCMS
Demonstrate personal time management and prioritization skills
Ability to operate in highly active environment and adapt to rapid change
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.
Opportunities to do challenging work, and to gain wide breadth of exposure in the Credit Management and Monitoring Credit Risk space, Compliance as well as other aspects of product, financial, project and Credit risk.
Gain a breadth of experience and exposure to the global WM platform
Opportunities to take on progressively greater accountabilities
Opportunities to building close relationships with colleagues and clients
Job Skills
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