Job Summary
Job Description
What 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 primary objective of the Syndicated Loan Analyst position is to provide day-to-day servicing/administration of an assigned group of Syndicated facilities for which Royal Bank of Canada is Agent and their related loan drawings, fees, interest schedules and the settlement of secondary assignments.
- Process secondary assignments, and where required primary assignments with established guidelines
- Responsible for ensuring loan integrity and compliance against bank policies and loan credit agreement.
- The competence with which the incumbent’s duties are carried out has a major impact on the credibility of the department, both within and outside the Bank. The role of Agent is highly visible and affects the Bank’s ability to obtain Syndication and Agency mandates. Failure to perform in an efficient and competent manner can not only jeopardize the Bank’s reputation but can also result in significant material losses.
- The incumbent must display a clear understanding of the administrative aspects of each assigned deal to resolve the various requests for interpretation and action that arise daily.
What will you do?
- Process transactions in ACBS upon requests from assigned Borrowers for advances, rollovers, conversions, or repayments; ensure notice and limit requirements are met, participants are notified, rates are set, and payments are made in accordance with the relevant Credit Agreement.
- Process secondary assignments, and where required primary assignments, upon requests for assigned Borrowers in accordance with established guideline
- Process interest and fee transactions in ACBS as required by the Credit Agreement.
- Where instructed, notify syndicate of pricing and limit changes as required by the Credit Agreement and within established time frames. Create and obtain EUC approval for manual spreadsheets as necessary, to record all transactions and calculations that cannot be processed in ACBS.
- Where required, arrange for the return of any shares/other possessory collateral to Lenders’ counsel and arrange for cancellation of outstanding LC’s if held as collateral.
- Maintain a series of Word templates with up-to-date standard instructions to be used as needed for notifications, letters, and fax coversheets.
- Input payments in RBC Express, RFT/RFX, RIMMS as required for payments which cannot be processed through ACBS.
- Manage and monitor accounts requiring special handling – Special Loans Accounts/Draw Advisory.
- Assist Deal Managers on assigned Term Loan B deal closings.
- Check ClearPar and settle secondary assignments, settle manual assignments, and follow up with Primary Assignment Non-funding items. Process CUSIP Fee and ClearPar fee payments once invoices are available.
- Assist with the daily reconciliation of the Agency internal accounts by following up for missing or excess funds
- Process TAX withhold (withhold interest and advise lenders and tax team).
- Investigate ACBS, LCA and OMS reports daily and input comments where required
- Advise lenders for pricing changes
- Respond promptly to Borrower or Lender requests/inquiries
- Act as a backup to other Analysts and provide training to new hires when required
- Identify gaps in processes and recommend changes to minimize operational/reputational risk.
What do you need to succeed?
Must have’s
- Knowledge of the Syndicated Loan Market, especially as an Administrative Agent, and understands market conventions for managing the product
- Knowledge of Syndicated Lending Operations including: Credit Agreement, loan servicing, revolving credit facilities, term loan facilities, etc
- Initiative to streamline and automate the settlement and servicing for loans
- Comfortable managing all aspects of Agency servicing, including interaction with senior internal and external stakeholders: clients, Investors/Lenders, Syndications, Front office etc
Nice to Have’s:
- Knowledge of ACBS and Clearpar is an asset
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, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements
Additional Job Details
Address:
RBC CENTRE, 155 WELLINGTON ST W:TORONTO
City:
TORONTO
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-05-06
Application Deadline:
2025-05-20
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.
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