Analyst, U.S. Credit Risk Review

What is the opportunity?
The US Credit Risk Review Analyst will provide support on the independent, objective assessment and evaluation on the effectiveness and adequacy of credit risk management practices, internal controls, credit risk ratings and corporate governance processes at RBC focusing on Wholesale and Wealth Management portfolios.

Key stakeholders include 1st and 2nd line of defense bankers, RBC executives, regulators, auditors, as well as, ultimately, the U.S. Risk Committee.
What Will You Do?

Credit Risk Review Practice

• Participate in the execution of CRR reviews related to Wholesale Credit Risk and Wealth Management, ensuring that credit risk reviews conform to regulatory guidance and RBC policy requirements.
• Participate in a variety of credit coverage assignments including Target Reviews, Continuous Monitoring Reviews, Risk Assessments, and other ad hoc credit projects.
• Supports the Examiners in Charge (EIC) and Directors with the execution of the risk-based annual plans, ensuring adequate risk-based coverage of the U.S loan portfolio
• Identify and report potential weaknesses at the borrower and/or portfolio level and recommend an appropriate remediation plan to the relevant business units.
• Interface with internal and external stakeholders to ensure proper identification, documentation and resolution of all credit risks impacting the loan portfolio.
• Facilitate discussions with stakeholders on CRR's evaluation of risk ratings, credit risk frameworks, and risk management practices
• Ensure the development of appropriate management action plans to address identified Issues, deficiencies, and CRR risk rating changes. Offering an effective challenge and ensuring timely implementation of corrective actions.

Data Analytics and Technology:

• Continually build understanding of key / emerging risks related to credit risk to help expand data analytics in our credit risk review approach.
• Support the team by seeking out opportunities for the effective use of data analytics and visualization tools

Stakeholder Relationships:

• Engages team members, executives, regulators, and auditors, as needed to facilitate proactive and ongoing monitoring and insights.
• Participates in highly sensitive situations with high-impact outcomes (with stakeholders) that could have material impact on the platform, and appropriately escalates enterprise observations/issues to the CRR management.
• Involved in making recommendations that may will have a significant impact on the ongoing reviews.
• When negotiating, knows when to insist, when to compromise and when given a stalemate, to seek a fresh perspective.
• Initiates a conflict management approach to handle sensitive situations.
• Communicate trends in credit risk issues to senior management on the results of ongoing reviews
• Engages collaboratively with 3rd Line, Internal Audit colleagues as needed.

What do you need to succeed?

Requirements

• Bachelor's degree in finance, economics, accounting, or a related field
• Experience in a credit underwriting, adjudication, credit risk review, audit, consulting, or regulatory capacity
• Knowledge of various capital markets lending products
• Able to work in a dynamically changing environment and demonstrates analytical mindset
• Strong negotiation, oral and written communication skills
• Ability to handle a diverse workload
• Ability to work collaboratively and productively with various internal and external stakeholders
• Strong interpersonal skills
• Strong work ethic

Nice to Have

• 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

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 $65,000 - $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

Additional Job Details

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