Royal Bank of Canada
Job title:
Associate Verification, Lending Operations & Governance
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?Lending Services within BCS includes three pillars working collaboratively to provide end to end service support to our Capital Markets and BFS business partners for lending products and supporting administrative agent responsibilities when mandated. The prime objective of the Associate, Verification position is to provide verification support to the deal closings and day-to-day administration / processing of an assigned group of Borrower Names for which RBC is a counterparty in primary syndications or secondary loan trading, Lender Participant and/or Administrative Agent and their related credit facilities, loan drawings and fee and interest payments.What will you do?Responsible for ensuring loan integrity and compliance against bank policies, agent notices and loan credit agreement.Responsible for escalations of questions related to complex transaction processing and be client facing (Client or Agent Banks) for inquiry investigation and resolution.Responsible to interact with internal stakeholders as required to facilitate loan servicing.Provides expert processing and verification advice and support to peer Associates and Analysts including monitoring advancement of funds within the Credit Agreement terms, as well as post sales servicing across the Wholesale Loan Book in Capital Markets.Provides relief for Manager Verification, peer Associates and Analysts during vacations and other absences, and assists with the development of peer Analysts through coaching and training.Keeps Manager and Senior Leaders aware of any issues and escalate appropriately to ensure messaging and communication is streamlined.Collaborates across pillars to provide excellent end to end servicing including identification of operational risk events and implementation of tactical controls as requiredWhat you need to succeed?Must-havesAn Undergraduate Degree with a strong operational background (2+ years) and related experience with proven demonstration of knowledge in lending/credit practices including knowledge of syndication practices, loan documentation, lending products, funding mechanisms in Canadian, US, UK/EU, SY markets.Proven ability to develop and manage strong and effective relationships with internal and external business partners.Ability to prioritize, work under pressure and meet time sensitive deadlines.Proficient with systems and diverse application and ease of adopting new and complex technology (i.e. the Loan Funding systems – ACBS, CID, CCMS, TMS, etc.)Strong knowledge of lending products, rate-setting methods, payment methods and loan trading processProficiency in Excel, Word and ACBSAbility to work effectively both independently and within a team environment.Ability to prioritize, work under pressure and meet time sensitive deadlines.Strong time management and organizational skills.Excellent attention to detail, judgment, flexibility, and dependability.Ability to respond effectively to requests from Borrowers, syndicate participants, or loan trading counterparties as applicable to RBC’s role especially for accommodations which fall outside the parameters of the Credit AgreementExcellent written and oral communication skillsWhat’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 compensationLeaders who support your development through coaching and managing opportunitiesWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workFlexible work/life balance optionsJob Skills Active Learning, Adaptability, Customer Service, Decision Making, Interpersonal Relationship Management, Operational Delivery, Process Improvements, Time ManagementAdditional Job DetailsAddress: RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: CAPITAL MARKETSJob Type: RegularPay Type: SalariedPosted Date: 2025-02-21Application Deadline: 2025-03-07Note: 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
Sun, 23 Feb 2025 04:42:57 GMT
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