Royal Bank of Canada
Job title:
Senior Associate, CTM
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?As a Senior Associate, Credit Monitoring, Control & Documentation with RBC Wealth Management you will, assist the credit management functions in support of the WM 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 loan documents based on RBC’s standard templates for new credits and changes/updates to existing credits and ensure documents are in line with the appropriately approved credit proposal.Responsible for the accuracy of information reflected on the loan and security documentationConduct daily and periodic review of all credit accounts and positions e.g., limit excess and collateral shortfall positions to ensure that any irregularity in the accounts is identified and flagged to the appropriate parties for prompt action, including adherence to approved rectification plans with escalation to ManagerAssist in preparation and review of daily and periodic monitoring reports including overdraft, shortfall, close-out, excess, documents out of order, next review dates, information and covenant monitoring requirements; circulate reports and follow up for responses as requiredEstablish new credit facilities in systems; input and maintain credit information in systems and databases; ensure facilities are correctly recordedConduct proper filing and maintenance of credit and documentation files, including electronic mail approvalsIdentify opportunities to improve data integrity as well as improve efficiency within the credit management processes and work flow while maintaining proper controlsEnsure proper authorization of loan drawdowns (new facilities and renewals) including verification of limit availability, collateral coverage, and compliance with any required conditions; authorize collateral releases in accordance with delegated authorityWhat do you need to succeed?Must-haveDegree/diploma from an accredited university in Finance, Business, Economics or related experience3+ years of credit administration and/or loan documentation experienceGood communication skills both verbal and written in the English languageAbility to interpret loan approval terms and mechanics of credit facility agreementsWell organized with strong attention to detail and accuracyNice-to-haveGood understanding of lending policies and credit proceduresFamiliarity with credit systems including CoMS, CASPER and CCMSDemonstrate personal time management and prioritization skillsAbility to operate in highly active environment and adapt to rapid changeWhat’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 platformOpportunities to take on progressively greater accountabilitiesOpportunities to building close relationships with colleagues and clientsJob SkillsAdditional Job DetailsAddress: 450 SOUTHWEST MARINE DR:VANCOUVERCity: VANCOUVERCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: Wealth ManagementJob Type: RegularPay Type: SalariedPosted Date: 2024-03-22Application Deadline: 2024-04-06Inclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .
Expected salary
Location
Vancouver, BC
Job date
Sun, 24 Mar 2024 02:38:53 GMT
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