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Posted: 
2021-09-21
Job Type: 
Internship
Employment length: 
Permanent
Language requirements: 
English
Education requirements: 
Bachelor’s degree
Job experience: 
1 year to less than 2 years
Job industry: 
Banking
Job Location: 
Toronto

What is the opportunity?

Group Risk Management (GRM) - Wholesale Credit provides risk assessment and adjudication for complex Capital Markets transactions.  Through effective analysis of business and financial risk, GRM - Credit establishes borrower risk ratings and evaluates proposed client strategies and credit requests in order to provide comprehensive transactional analysis and approval recommendations.

The Funds team within GRM – Wholesale credit, provides coverage for RBC’s credit relationship with Regulated Funds, Hedge Funds, PE Funds, BDCs and REITs. Trading credit risk is the predominant form of credit risk that RBC incurs with respect to Funds, alongside which, the team also covers a broad spectrum of loan transactions.

What will you do?

Credit Analyst Co-op position will be within GRM Funds team. The analyst will have responsibility for analyzing and rating Investment Managers and Fund borrowers to whom RBC extends credit and adjudicating vanilla lending and trading transactions from Corporate Banking and Institutional Client & Credit Management (“ICCM”) teams. The successful candidate will be provided required training followed by meaningful work under the supervision of one or two mentors. At the completion of the analyst’s work term, they will understand the credit rating process, analysis and adjudication of vanilla transactions and will be prepared for their next role in Risk Management / Capital Markets.

As a Credit Analyst, you will lend support in the following areas:

  • Perform credit analysis on investment managers and individual Fund borrowers in order to establish borrower risk ratings; this includes preparing Risk Assessment Framework (RAFs) which encompasses industry, business and financial risks.
  • Aid GRM - Funds team members in the preparation of peer group comparisons from both a business and financial perspective in support of the Risk Rating.
  • Develop and maintain financial models (including income, balance sheet and cash flow statements, breakeven analysis and multivariable sensitivity testing where applicable).
  • Assist with transaction flow by reviewing lending and/or trading transactions from various teams within Capital Markets as they proceed through the approval process.
  • Assist in daily monitoring of borrower’s business and financial performance through monitoring of financial and industry information (conference calls, news releases, financial results, etc.), regulatory changes, third party analysis including rating agency publications, and other early warning signals.
  • Conduct specific industry research and provide support on special projects as requested.
  • Provide technical, analytical and project support for other functions carried out, particularly in the areas of process optimization and data management.

What do you need to succeed?

Must- have:

  • Strong verbal & written communication skills;
  • Superior time management skills and attention to detail.
  • Knowledge and an understanding of financial statement analysis;
  • Highly experienced with Excel, including using Excel and VBA/Macro as a tool for financial analysis and process optimization involving large data sets.
  • Demonstrated research abilities.
  • Be in the process of completing their MBA, or in 3rd or 4th year of an undergraduate program if the candidate has relevant experience

Nice-to-have:

  • Some knowledge of and interest in pursuing a career in Risk Management or Capital Markets.
  • Some background or experience working with fund managers or funds would be an asset.
  • Previous experience using online research tools such as Bloomberg or using S&P/Moody’s/Fitch ratings.
  • Previous working knowledge of Blue Prism or other RPA/automation tools.

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.

  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Opportunities to do challenging work and make a difference
  • Opportunities to building close relationships

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is September 26, 2021. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

While there is no one date when our employees will return, we can confirm that the majority of the Integrated Learning | Co-op positions will start working remotely, however may transition to working at an RBC office as essential service restrictions are lifted.

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About RBC
Royal Bank of Canada is Canadas largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North Americas leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visitrbc.com.

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Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.