Senior Associate Credit Monitoring Control And Documentation Contract Rbc Wealth Management Jobs Vacancy in Rbc Toronto
- Senior Associate Credit Monitoring Control And Documentation Contract Rbc Wealth Management
- Toronto ON
- 22 Sep, 2018 30+ days ago
Rbc Toronto urgently required following position for Senior Associate Credit Monitoring Control And Documentation Contract Rbc Wealth Management. Please read this job advertisement carefully before apply. There are some qualifications, experience and skills requirement that the employers require. Does your career history fit these requirements? Ensure you understand the role you are applying for and that it is suited to your skills and qualifications.
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Senior Associate Credit Monitoring Control And Documentation Contract Rbc Wealth Management Jobs Vacancy in Rbc Toronto Jobs Details:
What is the opportunity?
As Senior Associate, Credit Monitoring, Control & Documentation, you will be responsible for assisting the credit management functions in support of the US Wealth Management regional loan portfolio, including ensuring that the bank’s credit risk monitoring and control activities are sufficient to safeguard the bank’s lending activities, as well as assisting in all aspects of legal documentation and review pertaining to credit transactions.
What will you do?
- Prepare and process loan documents and ensure the integrity of information based on RBC’s standard for new credits and changes/updates to existing credits.
- Conduct / ensure review of entity documentation for trusts, corporations, LLCs, partnerships, or other borrowing entities and ensure proper filing and maintenance of credit and documentation files.
- Oversee and perform critical functions such as rollover of collateral deposits/loans, input of new loans/repayments, manage daily overdrafts and ensure loan-to-value percentages are applied in the Collateral Monitoring System
- Ensure credit facilities are properly input and recorded in systems, and participate in Credit Management projects to improve the data integrity of credit reporting
- Assist with producing and distributing reports to senior management as required by local regulators, policies, guidelines or standing instructions/requests
- Identify opportunities to improve efficiency within the credit management processes and work and participate as needed in relevant business and risk initiatives/projects.
** Please note that this is a contract position and this role is dedicated to support the US market business and will be required to cover work for the Canadian Statutory holidays.
What do you need to succeed?
- Degree/diploma from an accredited university in Finance, Business, Economics or related experience om credit portfolio management and collateral monitoring
- 3+ years of prior credit administration, report reconcilement and loan documentation experience within a Private Bank setting
- Strong interpersonal, verbal and written communication skills in the English language
- Basic knowledge local and regional regulatory and compliance requirements
- Computer skills with advanced knowledge of computing systems and spreadsheets (formulas and calculations) and ability to learn and adapt to in-house credit and other workflow systems
- Understanding of treasury fundamentals
- Proven experience with and understanding of Private Client and High Net Worth (HNW) credit business
Nice to Have
- Strong understanding of Wealth Management credit business including inter-relationships between the business, functions and Group Risk Management
- Good understanding of internal credit systems such as CCMS, CoMS and RIBS would be an advantage
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.
- Opportunities to do challenging work, and to gain wide breadth of exposure in the Credit Management and Monitoring Credit Risk space, Compliance as well as other aspects of product, financial, project and Credit risk.
- Gain a breadth of experience and exposure to the global WM platform
- Opportunities to take on progressively greater accountabilities
- Opportunities to building close relationships with colleagues and clients
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s 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 visit rbc.com.
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.
Address: 155 Wellington St. W
Work Hours/Week: 37.5
Work Environment: Office
Employment Type: Contract
Career Level: Experienced Hire/Professional
Pay Type: Salaried
Position Level: PL09
Application Deadline: 10/07/2018
Req ID: 173336