Job Description
What is the Opportunity?We have an exciting opportunity to join the Credit Risk Review (CRR) team at RBC, where you will play a critical role in providing independent and objective evaluations of credit risk management practices. Your work will help ensure the effectiveness and adequacy of internal controls, credit risk ratings and corporate governance processes - focusing on Wholesale and Wealth Management portfolios in the United States.
Key stakeholders include 1st and 2nd line of defense bankers, senior leadership, regulators, and auditors.
The successful candidate will lead and participate in Target Reviews, Continuous Monitoring Reviews, Risk Assessments, and other ad hoc credit projects.
What Will You Do?
Credit Risk Review Practice
Lead and participate in the execution of CRR reviews of the Wholesale and Wealth Management portfolios. Evaluating risk rating accuracy, underwriting and portfolio management practices, emerging risks, compliance with regulatory guidance, and compliance with RBC policies and procedures.
Provide coaching, mentorship, and performance feedback to more junior team members
Execute the risk-based annual plan in collaboration with CRR leadership and key stakeholders ensuring adequate, risk-based coverage of the loan portfolio
Review borrower and portfolio-level credit risk, identify appropriate remediation actions, and communicate findings clearly and effectively. Conduct risk assessments of assigned industries/portfolios.
Evaluate and recommend improvements to risk frameworks, governance, and internal processes
Interface with internal and external stakeholders to ensure proper identification, documentation and resolution of all risks impacting the loan portfolio
Identify opportunities to leverage data and analytics to enhance CRR processes
Collaborates with credit risk stakeholders across all three lines of defense
Requirements
7+ years of experience in wholesale credit in an underwriting, adjudication, credit risk review, audit, consulting, and/or regulatory capacity
Strong knowledge of capital markets, lending products, and regulatory guidance
Strong negotiation, oral and written communication skills
Ability to handle a diverse workload, accept accountability, assume leadership and demonstrate initiative
Graduate degree (e.g. Master of Business Administration, Master of Science in Finance, Master of Science in Economics etc.)
Regulatory background in a supervision and regulation role
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
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
A world-class training program in financial services
Flexible work/life balance options
Opportunities to do challenging work
Job Skills
Business Data Analysis, Credit Risk Management, Credit Risk Review, Credit Risks, Data Visualization, Risk Assessments, Risk Ratings
Additional Job Details
Address:
20 KING ST W:TORONTO
City:
TorontoCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
INTERNAL AUDITJob Type:
RegularPay Type:
SalariedPosted Date:
Final date to receive applications:
Note: Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date aboveInclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities.
RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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