Royal Bank of Canada
Job title:
Associate Verification, Operations & Governance
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?
- 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 Borrowers 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?
- Verification of ACBS and CID Draw Down processing transactions for all loan closings (Lender role only) and day-to-day processing, interest and fee transactions, Electronic Transaction Requests /ETR’s (Lender role only), closing packages / checklists, audit confirmations, pricing changes and the releasing of wires on ACBS or any other payment system. Verification must ensure notice and limit requirements are met, rates are set, and payments are made in accordance with the relevant Agent / Borrower’s Notice, Credit Agreement, Electronic Transaction Requests and Funding Memo.
- Where required under the scope of the job mandate; 1) verify secondary assignments processed upon requests for assigned Borrowers in accordance with established guidelines. 2) verify syndicate pricing and limit changes on ACBS as required by the Credit Agreement, and 3) Process Audit Confirmation for (non-TLB) facilities
- Monitoring and oversight of applicable OMS and Seagate reports
- Ensures Fulfillment & Closing Team and Servicing Team follow documented processes and controls including relevant SOX and key controls where applicable.
- Assists the Manager, Verification in tracking and monitoring errors and operational risk events, ensuring reporting is in place and action plans are in place to avoid reoccurrence.
- Assists the Verification Manager in acting as a SME for operational questions and issues; reporting/escalating any issues as appropriate through various channels SLT email, SharePoint ORE, Escalation Portal
- Track processing and payment input errors and provide coaching and feedback to Analysts across all pillars, and partner with trainer to ensure the team is well supported
- Identify any gaps in processes and provide detailed recommendations to assist with the implementation of process changes.
- Act as a backup to other Analysts / Associates across Lending Services
- 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.
- 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 required
What you need to succeed?Must-haves
- An 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 process
- Minimum 2+ years of ACBS system Experience is mandatory
- Proficiency in Excel, Word
- Ability 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 Agreement
- Excellent written and oral communication skills
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
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Flexible work/life balance options
Job 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: 2025-03-14Application Deadline: 2025-03-21Note: 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, 16 Mar 2025 03:12:51 GMT
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