Director, Institutional Client Credit Management

What is the opportunity?

As a Director within the North American Institutional Client Credit Management Team you will lead a team of professionals managing a trading credit portfolio and facilitating transactions originated by the various trading businesses of RBC Capital Markets (CM) within the regulated asset management and pension space, while safeguarding the credit quality of the portfolio.

You will be leading a team and partnering with various trading businesses in Global Markets to (i) identify and recommend suitable trading counterparties, (ii) facilitate the credit process, including evaluating and screening requests, preparing transaction requests and risk assessments, (iii) co-ordinate the trading documentation process, including structuring appropriate credit mitigation and (iv) optimize revenues.

What will you do?

• Maintain relationships with Global Markets sales and trading professionals and counterparties to ensure client needs are met on a timely basis including addressing credit requirements as necessary.​
• Drive collaboration across the team, the front office and functional partners while maintaining sound risk management principles and supporting business growth.
• Timely preparation of transaction requests in support of Global Markets credit intensive trading activities with global asset managers on behalf of the funds they manage.
• Understand and assess client investment strategies from a risk perspective.
• Maintenance and accuracy of trading limit data with CCMS and all relevant limit systems.
• Compliance reporting.
• Participate in KYC process and Annual reviews.
• Completion of assigned projects and other duties in an efficient and effective manner that supports business initiatives.
• Maintain a strong understanding of RBFG trading policies and guidelines.
• Initiate and maintain contact with Global Markets trading professionals, Group Risk Management, Trading Documentation, Corporate Banking, and RBC Law Group.
• Understand and assist in negotiating supporting trading documentation including ISDA, MRA, and GMSLA.
• 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 do you need to succeed?

Must-have:

• Graduate Degree with focus in Finance, Accounting, Business, Economics or other quantitative fields.
• People Management experience.
• Minimum of 6 years of Credit experience working within the financial institutions.
• Strong Credit skills and specific knowledge of trading credit.
• Superior communication skills (verbal and written) are essential.
• Understanding and knowledge of fund industry and securities regulations governing funds.
• Strong understanding of RBC trading products including FX, swaps and securities finance.
• Understanding of trading documentation.
• Ability to establish priorities and manage tasks with accompanying attention to detail.
• Strong analytic, problem solving and decision-making skills required.

Nice-to-have

• A Master'sDegree/ CFA and/or CSC
• Knowledgeable of the RBC global network and capabilities and understanding of and ability to interpret RBC credit processes, standing orders and credit policies.
• Experience with and knowledge of the analytical approaches to credit risk assessment.

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 and competitive compensation.
• Opportunities to do challenging work.
• Work in a dynamic, collaborative, progressive and high-performing team.
• Opportunity to work with and gain exposure to Sales and Trading professionals, relationship managers, Group Risk Management and a number of other internal teams.
• Opportunities to take on progressively greater accountabilities .

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