At a Glance
- Tasks: Lead credit risk management for a diverse portfolio of corporate clients across Europe.
- Company: Join RBC, a leading global bank with a commitment to innovation and community.
- Benefits: Enjoy competitive pay, bonuses, flexible benefits, and world-class training.
- Other info: Dynamic team environment with opportunities for personal and professional growth.
- Why this job: Make a real impact in financial services while working with top professionals.
- Qualifications: Strong analytical skills and experience in credit analysis are essential.
The predicted salary is between 80000 - 100000 £ per year.
The Corporate Credit Risk team is responsible for the credit analysis, adjudication and monitoring of wholesale credit risk within RBC Capital Markets in Europe and Australia. This involves the credit risk assessment, recommendation and approval of Borrower Risk Ratings (BRR) and/or facility-level Loss Given Default (LGD) segments for borrowers in wholesale portfolios. The Associate Director will lead credit risk management for a portfolio of approximately 45 European corporate, leveraged finance and derivative clients across a diverse range of sectors including transportation, utilities, aerospace and defence, telecommunications, technology, services, healthcare, consumer & industrials.
This is a permanent, full-time role and requires 4 days in the 100 Bishopsgate, London office.
What will you do?
- Conduct comprehensive risk assessments and assign Borrower Risk Ratings and Loss Given Default segments for portfolio counterparties.
- Evaluate loan originations, adhering to the Bank’s risk appetite, including risk limits, material exposures, and concentration.
- Timely monitoring and escalation of credit issues across lending and trading names to your reporting line.
- Approve or recommend new credit exposure within delegated authorities.
- Engage proactively with front office and other teams within RBC to ensure risk management aligns with RBC's risk appetite.
- Support RBC Capital Market’s growth strategy across UK, Continental Europe, and Australia.
What do you need to succeed?
- Must-have: Advanced analytical capability in complex loan structures, financial analysis, and business risk assessment.
- Ability to effectively evaluate business and financial risk, supported by company reporting, financial, commercial, technical, and legal due diligence.
- Solid knowledge in different industry sectors, assessing their different competitive market dynamics and financial metrics to facilitate evidenced-based credit decision.
- Proficiency in using and reading Excel based financial models and forecast scenario analysis.
- High level of drive and motivation to manage and prioritise multiple concurrent credit requests to tight client deadlines.
- Strong verbal and written delivery of transaction presentations for decision-making.
- Good team player and high command of interpersonal and communication skills as role requires continual engagement within the team and business partners in Investment Banking, Leverage Finance, Corporate Banking, and Derivatives Desk.
Nice-to-have:
- Corporate loan origination or rating agency background.
- Accounting or CFA qualification.
- In addition to robust corporate credit skills, experience in leveraged finance and/or project finance.
What is in it for you?
- A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation.
- Leaders who support your development through coaching and managing opportunities.
- Opportunities to work with the best in the field.
- Ability to make a difference and lasting impact.
- Work in a dynamic, collaborative, progressive, and high-performing team.
- A world-class training program in financial services.
RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés.
StudySmarter Expert Advice🤫
We think this is how you could land Associate Director (VP/Senior Manager level), Group Risk Management, Wholesale Credit Risk (Corporates, London)
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Royal Bank of Canada. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Associate Director (VP/Senior Manager level), Group Risk Management, Wholesale Credit Risk (Corporates, London)
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Royal Bank of Canada.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Royal Bank of Canada's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Royal Bank of Canada
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Royal Bank of Canada.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Royal Bank of Canada will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Royal Bank of Canada employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
