What are the responsibilities and job description for the Director - Power and Renewables Evaluations position at RBC Capital Markets, LLC?
Job Summary
Job Description
What is the Opportunity?
Supporting RBC's public commitment to triple lending for renewable energy by 2030, provides in depth knowledge of complex power market and renewable technologies issues, collaborating with first line staff to advise on viability of loan requests and adjudicators to make well-informed credit decisions, structuring, risks and mitigants. Acts as a subject matter expert on complex power, renewables and tax credits (including tax equity) issues to enable RBC to meet it renewables financing commitments. Reports to Managing Director and Deputy, Wholesale Credit Risk (executive).
What will you do?
Reviews highly complex financial models including resource and price forecasts provided by potential borrowers, requiring in-depth evaluation, frequently of emerging markets and technologies.
Meaningfully critiques such forecasts and recommends base and downside forecasts for use by the business and GRM.
Uses broad expertise and in-depth knowledge to support RBC in achieving its green financing goals, often with financing requests having unprecedented characteristics.
Acts as top resource on power and renewables issues across the organization.
Interaction with GRM risk managers and executives: 25%
Interaction with 1st line business partners and RBC clients: 25%
In-depth analysis of complex volume and pricing models and assumptions: 40%
Professional development: 10%
What do you need to succeed?
Bachelor's Degree or MBA
Progressively senior experience in power and renewables markets acquired over 10 years
Demonstrates expert knowledge of power markets and technologies and aptitude to investigate new markets and technologies, quickly forming informed opinions on their viability.
Expert knowledge of power markets in areas where RBC operates (Canada, US, Europe and Australia), including understanding of supply and demand factors and forecasts which could influence these in the future.
Experience with multiple renewables technologies (wind, solar, BESS) with critical views of their relative merits.
Expert knowledge of price influences in multiple markets and ability to critically review price forecasts provided by consultants, including articulating market influences which might support or question the consultants' conclusions.
Expert knowledge of dispatch curves and capacity markets along with future influences on same.
Ability to work on highly complex project finance opportunities.
Subject matter expert on tax credits including RINs and similar environmental attributes.
Experience in Financial Services preferred
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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
Leaders who support your development through coaching and managing opportunities.
Ability to make a difference and lasting impact.
Work in a dynamic, collaborative, progressive, and high-performing team.
Opportunities to do challenging work.
Opportunities to build close relationships with clients.
You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
Drives RBC's high-performance culture
Enables collective achievement of our strategic goals
Generates sustainable shareholder returns and above market shareholder value
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Job Skills
Business Data Analysis, Career Development, Credit Analysis, Critical Thinking, Decision Making, Delegating Tasks, Long Term Planning, Operational Delivery, Quantitative Methods, Risk ManagementAdditional Job Details
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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 embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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