Associate - Credit Monitoring & Control

Royal Bank of Canada

Responsibilities
Experience
Company Type
Workhours

What is the opportunity?

You will ensure that the bank’s credit risk monitoring and control activities are sufficient to safeguard the bank’s lending activities and that all related credit exposures are duly monitored and managed in full accordance with the bank’s policies and relevant credit approval conditions with aim to obtain a “Satisfactory” audit rating in credit control processes.

What will you do?

  • Assist with daily monitoring of credit limits, management of collateral linkages for credit facilities and related credit exposures and support daily & periodic review of all credit accounts & positions
  • Monitor and confirm the adherence of credit approval conditions
  • Assist in preparation and review of daily and periodic monitoring reports including: overdraft, shortfall , close-out,  excess , documents out of order, next review dates, information and covenant information requirements; circulates reports and follows for responses as required
  • Establish new credit facilities in systems and input and maintain credit information in book of record and related databases to ensure all facilities are correctly recorded
  • Assist with preparation of reports for Management Information and Finance Department purpose s in relation to Credit as needed by region
  • Approve loan drawdowns and collateral releases as appropriate
  • Ensure CP sign-off in place, drawdown process complied with and collateral held prior to utilization of credit facilities
  • Ensure all Buildings Insurance policies and Property Valuations are up to date and in order and maintain and control the Wealth Management non-negs – ensuring all documentation is recorded

 

What do you need to succeed?

Must-have

  • Strong interpersonal as well as verbal and written communication skills in the English language
  • Familiarity with credit legal verbiage, contracts, issues and documentation requirements
  • Ability to interpret loan approval terms and mechanics of credit facility agreements
  • Excellent computer skills with advanced knowledge of computing systems, spreadsheets including formulas & calculations
  • Proven ability to learn and adapt to in-house credit and other workflow systems

Nice-to-have

  • Prior credit administration, report reconcilement and loan documentation experience within a private bank
  • Well organized, detail oriented, and extremely accurate
  • Ability to operate in highly active environment and adapt to rapid change
  • Some understanding of loan products including Loan, Overdraft, Standby Letters of Credit, and Guarantee Facilities

 

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.

  • Opportunities to build close relationships with colleagues
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Ownership and accountability of your work
  • Open to considering flexible work/life balance options

 

 

About RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com.

 

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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 rbc.com/careers. 

 

Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.

 

 

JOB SUMMARY

City:  St Helier 
Address:  Gaspe House 
Work Hours/Week:  36.25 
Work Environment:  Office 
Employment Type:  Permanent 
Career Level:  Experienced Hire/Professional 
Pay Type:  Salaried 
Required Travel (%):  0-25 
Exempt/Non-Exempt:  N/A 
People Manager:  No 
Application Deadline:  2017-08-04 
Req ID:  142158

Posting Notes:  [[mfield1]]

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Confirmed 19 hours ago. Posted 30+ days ago.

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