2025 Summer - GRM, Wholesale Credit Risk Intern (4 Months)

The GRM - WCR Funds team manages exposure to North American Investment Managers and Fund counterparties through effective analysis of credit risk, across various investment strategies. Analyst's primary responsibilities will include adjudication of borrower risk ratings and evaluation of proposed credit requests, providing comprehensive transactional analysis and approval recommendations in a timely manner.

What is the opportunity?

Group Risk Management-Wholesale Credit Risk (GRM - WCR) group is responsible for assessing credit exposures of trading and lending activities for complex Capital Markets transactions; coverage is organized by geography and aligned by industry.

The GRM - WCR Funds team manages exposure to North American Investment Managers and Fund counterparties through effective analysis of credit risk, across various investment strategies. Analyst's primary responsibilities will include adjudication of borrower risk ratings and evaluation of proposed credit requests, providing comprehensive transactional analysis and approval recommendations in a timely manner.

What will you do?

• Perform credit analysis on investment managers and individual Fund borrowers; this includes reviewing Risk Assessment Framework (RAFs) which encompasses industry, business and financial risks.
• Assist with transaction flow by reviewing lending and/or trading transactions from various teams within Capital Markets as they proceed through the approval process.
• Assist in daily monitoring of borrower's business and financial performance through monitoring of financial and industry information (conference calls, news releases, financial results, etc.), regulatory changes, third party analysis including rating agency publications, and other early warning signals.
• Conduct specific industry research and provide support on special projects as requested.
• Provide technical, analytical and project support for other functions carried out, particularly in the areas of process optimization and data management.

What do you need to succeed?

Must-have

• Strong interpersonal skills, with outstanding written and verbal communication skills
• Superior time management skills and attention to detail, with ability to perform well under pressure
• Knowledge and an understanding of financial statement analysis;
• Experience with Excel, including using Excel and VBA/Macro as a tool for financial analysis and process optimization involving large data sets.
• Demonstrated research capabilities and an ability to apply an analytical approach
• Be in the process of completing their MBA, or in 3rd or 4th year of an undergraduate program if the candidate has relevant experience.

Nice-to-have

• Some knowledge of and interest in pursuing a career in Risk Management or Capital Markets.
• Some background or experience working with fund managers or funds would be an asset.
• Previous experience using online research tools such as Bloomberg or using S&P/Moody's/Fitch ratings.
• Steps towards attaining a CFA designation.

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.

• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work and make a difference
• Opportunities to building close relationships

Please note: This posting is for a 4-months Summer 2025 Student placement with a start date of May 2025, and end date of August 2025. In order to be eligible for this 4-months Student position, you must either:

• Be returning back to school after the work term end-date of August 2025 ; or
• If you are not returning back to school (i.e. are graduating in August 2025), you must require the full 4-months work term as a mandatory component to in order to graduate successfully.

Please ensure that you meet these eligibility requirements before applying - candidates who apply but are found to be ineligible are not able to be considered.

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is January 19, 2025. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangements for this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.

ET25

Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTStudent/Coop (Fixed Term)Salaried2024-12-192025-01-19

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment