Royal Bank of Canada
Job title:
Director, GRM Commercial Credit
Company
Royal Bank of Canada
Job description
Job Summary Evaluates commercial loan requests by reviewing applicants’ credit histories and analyzing financial statements in order to approve or deny loan applications. Manages activities through senior managers and managers and implements corporate and divisional strategic plans and budgets.Reviews the credit history, profitability and liquidity of clients to assess the risk level involved in credit extension or money lending.
Consults with customers to verify financial and credit transactions; responds to customer inquiries and resolves customer complaints.
Communicates with credit associations and other relevant authorities about the credit history of customers.
Analyzes financial data to determine customers’ financial status and the expected profitability of commercial loans; recommends approval or denial of loan applications.Job DescriptionWhat is the opportunity?The Director is primarily responsible for credit adjudication of Automotive Finance and Asset Based Lending (ABL) transactions within the Bank’s Commercial Financial Services Market within their delegated lending authority or within their assigned portfolio. The incumbent will have adjudication responsibilities that are focused on maintaining the risk profile, alignment with the business, operational effectiveness, efficiency in management of assigned portfolios, and enhancing the client experience.As a senior member of the team the incumbent will also provide people management, coaching, and mentorship to their teammates and to their direct reports, share best practices, and act as first point of contact on any credit escalations. This role balances the rewards of meeting business objectives with the risk of loss to client and shareholders, following corporate compliance and polices to maintain risk exposure within the Bank’s stated risk appetite, operate within a legal framework and in accordance with OSFI, SOX, Basel, and other regulatory requirements. This position reports directly to the National Director – GRM Commercial (Auto Finance, Asset Based Lending, Indigenous Markets, Stand-Alone Leasing).What will you do?Champions client experience initiatives and applies a continuous improvement approach to achieve superior client experience levelsEnhances change management by ensuring how we approach change is reflective of a One RBC mindsetTakes ownership of client problems at first point of contact. Ensures clients and colleagues are treated with respect, empathy and integrity contributing to good working relationshipsDemonstrates commitment to teamwork by building team capability, identifying opportunity spotting to enhance client relationship and improve RBC revenue, and, via the CAM, introduce clients to RBC-wide services and expertise through referralsEnsures team is strategically aligned with business strategies while maintaining the Bank’s desired risk profileDemonstrates leadership and commitment to build/expand/leverage good working relationships with the relevant GU(s) executive and CFS personnel to promote a mindset that risk is everybody’s business, that early problem identification is critical to maintaining the risk profile and in maximizing retention opportunitiesEnsures accurate and consistent processes/controls are in place and being followed to protect shareholder interestsEnsures credit transactions are adjudicated within Policy Guidelines, Standards, and ProceduresPeople Management. The role includes the management of a small team (between 1 and 3)What do you need to succeed?Must-have5+ years of risk management experience and/or Commercial Account Management experience with a preferred focus on Automotive Finance and Asset Based Lending (ABL).Strong risk assessment and credit analysis skills.Strong communication, coaching, and conflict resolution skills.Undergraduate degree in business. With preferred post graduate qualification or degree (CFA, CMA, MBA, etc.).Nice-to-haveIn-depth knowledge of RBC Risk Policies, Procedures & Practices, Folios, etc.Proficiency with Bank TechnologyBilingual (English / French)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, and competitive compensationAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunity to take on progressively greater accountabilitiesLeaders who support your development through coaching and managing opportunitiesFlexible work/life balance optionsOpportunity to develop People Management skills through the management of a small team (between 1 and 3)Job Skills Accounting Finance, Asset and Liability Management (ALM), Business Loans, Confidentiality, Credit Analysis, Customer Service, Detail-Oriented, Financial Statement Analysis, Risk Management, Small Business FinancingAdditional Job DetailsAddress: RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2025-01-28Application Deadline: 2025-02-12Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion 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
Toronto, ON
Job date
Thu, 30 Jan 2025 02:07:56 GMT
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