Associate - Institutional Client Credit Management

Job Description

What will you do?

• Primarily support RBCCM's Risk Solutions Group (RSG) in the origination, onboarding, maintenance and management of the credit relationship with large sponsor clients, including Private Equity and Private Capital Sponsor funds, as well as hedge funds managed by these sponsors.
• Engage with clients to conduct comprehensive fund due diligence, including collecting and reviewing relevant fund documents such as Private Placement Memoranda (PPMs), Limited Partnership Agreements (LPAs), Management Agreements, structure charts, and financials to support the credit evaluation process.
• Collaborate with Fund Finance and RSG to support comprehensive sponsor relationships by facilitating non-lending revenue opportunities for funds that have existing lending relationships with RBC.
• Work with Group Risk Management in the risk assessment of alternative investment funds and support credit onboarding through analysis of fund documentation and client information.
• Focus on credit structuring for sponsor funds in support of RBCCM trading relationships, including risk limits, regulatory, legal, compliance, tax, and operational matters.
• Actively collaborate with Group Risk Management and RBC Trading Documentation team in the document negotiation process by proposing ISDA credit terms (ATEs) and other credit provisions to ensure proper trading documents are established.
• Prepare credit requests and trading line requests with related documentation required as part of Risk Management approval process and submit to relevant Business Heads for support.
• Create call memos for credit Due Diligence meetings.
• Work with and advise product partners on the optimal amount of trading credit required to meet our strategic objectives with each client relationship.
• Work with internal stakeholders to address any and all counterparty credit concerns that may arise from the portfolio.
• Occasionally support maintenance of accurate counterparty compliance reports and provide ad hoc reporting on utilization, fund performance, Due Diligence meetings, etc.
• Understand and apply securities regulations governing Private Equity, Private Capital Sponsor funds, hedge funds and other institutional counterparties.

What do you need to succeed?

Basic Qualifications:

• An understanding of credit risks associated with institutional clients including Private Equity, Private Capital Sponsor funds, and to a less degree hedge funds, along with the trading products they use.
• Knowledge of sponsor fund structures and operations.
• Understanding of ISDA master agreements and CSAs, primarily credit terms within ISDA and CSAs.
• Basic understanding of FX and Rates products and their application in Sponsor fund relationships.
• A basic knowledge of alternative investment strategies employed by institutional clients.
• Undergraduate degree or higher.
• A general understanding of Capital Markets products base and the application thereof.

Other Required Qualifications:

• Strong interpersonal skills and the ability to work effectively within a team environment.
• Excellent communication, business development and relationship management skills.
• Ability to prioritize work and manage multiple tasks while meeting time sensitive deadlines.
• Financial accounting skills.
• Strong analytical, technical, written and communication skills.
• A comprehensive understanding of Credit and Credit Risk.

Key Relationships

• Primarily RBC's Risk Solutions Group and Fund Finance, but also includes various Global Markets teams including FICC and Central Funding Group (including Alternatives Assets Group).
• Global Credit including Trading Documentation Team and Credit and Transaction Management
• Group Risk Management including Wholesale Credit Risk, Market Risk, and Counterparty Credit Risk
• Legal
• Collateral Operation Groups
• Client Success Team

Working Conditions

• Present working schedule is 4 days in office, 1 day remote
• Standard office environment; open plan/ multiple desk office; moderate to intensive use of computer.
• Position involves desk-work, movement among product units and the ability to make external client visits
• Attention to detail is important.
• Requirement to meet deadlines, which occasionally are short (i.e. a general ability to diarize & prioritize).

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, 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
• Opportunities to do challenging work
• Opportunities to building close relationships with clients

The good-faith expected salary range for the above position is $95,000 - $105,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Job Skills

Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork

Additional Job Details

Address:

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City:

New York

Country:

United States of America

Work hours/week:

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion 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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