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Job Description
What is the opportunity?
As a Vice President within the Institutional Client Credit Management Team you will be a key member assisting and managing a trading credit portfolio and facilitating transactions originated by the various trading businesses of RBC Capital Markets (CM) within the regulated asset management space, while safeguarding the credit quality of the portfolio.
You will be leading a team and partnering with various trading businesses in CM to (i) identify and recommend suitable trading counterparties, (ii) facilitate the credit process, including evaluating and screening requests, preparing transaction requests and risk assessments, (iii) co-ordinate the trading documentation process, including structuring appropriate credit mitigation and (iv) optimize revenues.
What will you do?
- Maintain relationships with CM sales and trading professionals and counterparties to ensure client needs are met on a timely basis including addressing credit requirements as necessary.
- Timely preparation of transaction requests in support of CM credit intensive trading activities with global asset managers on behalf of the funds they manage.
- Understand and assess client investment strategies from a risk perspective
- Maintenance and accuracy of trading limit data with CCMS and all relevant limit systems
- Compliance reporting
- Participate in KYC process and Annual reviews
- Completion of assigned projects and other duties in an efficient and effective manner that supports business initiatives
- Maintain a strong understanding of RBFG trading policies and guidelines
- Initiate and maintain contact with CM trading professionals, Group Risk Management, Trading Documentation, Corporate Banking, and RBC Law Group
- Understand and assist in negotiating supporting trading documentation including ISDA, MRA, and GMSLA
- Coach and guide junior professionals to ensure that employees understand RBC vision and support targeted behaviours that contribute to RBC goals and employee career development.
- Accept and successfully execute change while supporting employees through the process, and keeping them focused on business priorities.
What do you need to succeed?
Must-have:
- Graduate Degree with focus in Finance, Accounting, Business, Economics or other quantitative fields
- Minimum of 6 years of Credit experience working within the financial institutions
- Understanding and knowledge of fund industry and securities regulations governing funds
- Strong understanding of RBC trading products including FX, swaps and securities finance
- Understanding of trading documentation
- Advanced data and computer management skills including proficiency with Excel
- Self-starter with strong organizational and time management skills
- 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
- Strong Problem solving skills.
Nice-to-have
- A CFA and/or CSC
- Knowledgeable of the RBC global network and capabilities and understanding of and ability to interpret RBC credit processes, standing orders and credit policies
- Experience with and knowledge of the analytical approaches to credit risk assessment
- Previous People Management experience
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
Investment Consulting, Investment Operations, Investments Analysis, Long Term Planning, Order Processing, Project Management, Quality Management, Recruiting, Risk Management, Trade ProcessingAdditional Job Details
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Inclusion and Equal Opportunity Employment
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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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