Vice President, Institutional Client Credit Management

What is the opportunity ?

• Manage a credit portfolio and facilitate transactions originated by the various trading and non-trading businesses of RBC Capital Markets (CM) clients primarily within the regulated asset management space, while safeguarding the credit quality of the portfolio. Counterparties include mutual funds, pension funds, non-regulated funds including trusts, endowments, managed accounts, alternative accounts, hedge funds, private capital etc.
• Partner with various trading and non-trading businesses in CM to (i) identify and recommend suitable counterparties; (ii) facilitate the credit process, including evaluating and screening requests, preparing transaction requests and risk assessments, (iii) co-ordinate the documentation process, including structuring appropriate credit mitigation and (iv) optimize revenues
• Maintain relationships with RBC CM coverage professionals, Group Risk Management and other stakeholders to ensure client needs are met on a timely basis including addressing credit requirements as necessary.
• Develop and maintain relationships with clients to enhance credit management and to seek to optimize business opportunities.

What will you do ?

• Proactively manage fund counterparty credit risks in support of the RBC CM business.
• Timely preparation of credit transaction requests for existing and new relationships (seek and defend business head limit requests and assist with KYC/AML and regulatory on boarding as required).
• Understand and assess the trading credit risks in client investment strategies.
• Develop client strategies for top tier relationships designed to increase level of client experience to support new revenue enhancing opportunities;
• Maintain a strong understanding of RBC trading policies and guidelines.
• Maintain relationships with CM sales and trading professionals globally in order to facilitate transaction requests and optimize business opportunities across the RBC trading platform.
• Maintain relationships with Group Risk Management Wholesale Credit, Market Risk and Counterparty Credit Risk, Trading Documentation Group and RBC Law Group.
• Co-ordinate the documentation process - reviewing ISDA documentation, understand and assist in negotiating trading documentation including ISDA, GMRA, GMSLA, and other documentation as appropriate.
• Escalation point for the collation of KYC and regulatory documents/confirmations as required
• Understand securities regulations governing mutual funds, pensions, managed accounts, etc.
• Undertake appropriate due diligence and analysis of counterparties' financial performance as well as relevant industry information for credit proposals.
• Provide research and market intelligence for portfolio and risk assessment purposes using variety of sources including client provided data, news services and industry-specific websites.
• Provide project and policy support in a thorough, accurate and timely manner for a variety of new initiatives within Global Credit and in support of the business.
• Ensure Single Name Limits are up to date, support Annual Review processes as required.
• Ensure Compliance Management (excesses, limit reductions and closures, etc) for assigned portfolio is complete.
• Actively manage, mentor and develop team.

• Coach and guide junior professionals to ensure that employees understand RBC vision and support targeted behaviours that contribute to RBC goals and employee career development.
• Accept and successfully execute change while supporting employees through the process, and keeping them focused on business priorities.

What are we looking for ?

• In-depth knowledge of trading products including derivatives (interest rate swaps, equity swaps, credit derivatives, foreign exchange) and securities finance products
• Strong credit analysis skills
• Understanding of investment strategies (fixed income arbitrage, convertible bond arbitrage, risk arbitrage, long-short equity, global macro and high yield), and fund structures across key jurisdictions and related credit needs
• Strong knowledge of trading documentation - ISDA, IFEMA, MRA, GMRA, MSFTA, CSA, , etc.
• Knowledge of relevant regulatory legislation and awareness of legislative and capital markets trends and developments
• Behavioural competencies required include: leadership; analytical skills, critical thinking, strong communication (written and verbal) and interpersonal skills, teamwork, initiative, strong organizational and time management skills (must be able to prioritize and reprioritize tasks to meet the fast paced demands of the trading environment)
• Technical skills required include; high proficiency in computer skills (Word, Excel, Powerpoint); strong research skills; solid understanding of financial statements; high aptitude for reviewing legal trading documentation
• Possess personal and effective client management skills

• Education: Minimum: Honours, B.A. or B. Comm. Preferred post-graduate (MBA) and/or CFA

• Experience: A minimum of 10 years of relevant previous credit and account management experience / risk management experience. Experience in the hedge funds and private capital will be an added advantage.

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

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Additional Job Details

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

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.