Vice President, Institutional Client Credit Management

Job title: Vice President, Institutional Client Credit Management

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) and Investor and Treasury Services (I&TS) 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 and I&TS to (i) identify and recommend suitable trading counterparites, (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 and I&TS 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 and I&TS credit intensive trading activities with global asset managers on behalf of the funds they manage. Alongside this, prepare transaction requests in support of I&TS non-trading products such as trade finance letters of credit, overdrafts and nostro limits.

• 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, I&TS Relationship Managers, 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

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

RBC is committed to supporting flexible work arrangements when and where available. Details to be discussed with Hiring Manager.

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JOB SUMMARY
City: Toronto
Address: 200 Bay St
Work Hours/Week: 37.5
Work Environment: Office
Employment Type: Full Time
Career Level: Experienced Hire/Professional
Application Deadline: 12/31/2021
Platform: Capital Markets
Req ID: 437780
Ad Code(s):

Company: Royal Bank of Canada

Expected salary:

Location: Toronto, ON

Job date: Sun, 19 Dec 2021 06:23:51 GMT

Job Source: Careerjet.ca

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