What are the responsibilities and job description for the Associate Director, GRM Credit position at Royal Bank of Canada>?
Job Summary
Evaluates commercial loan requests by reviewing applicants' credit histories and analyzing financial statements in order to approve or deny loan applications. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.
Job Description
What is the Opportunity?
Evaluates commercial loan requests by reviewing applicants' credit histories and analyzing financial statements in order to approve or deny loan applications. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments
What will you do?
- Reviews the credit history, profitability and liquidity of clients to assess the risk level involved in credit extension or money lending.
- Consults with customers to verify financial and credit transactions; responds to customer inquiries and resolves customer complaints.
- Communicates with credit associations and other relevant authorities about the credit history of customers.
- Analyzes financial data to determine customers' financial status and the expected profitability of commercial loans; recommends approval or denial of loan applications.
- At an early stage, work closely with the business on the risk aspects of new transactions under consideration and provide direction and guidance as required to ensure the eventual deal structure adequately mitigates key risk concerns.
- Review Single Name Strategies and Credit Requests within agreed timelines, evaluate the risks and highlights exceptions to applicable policies and guidelines and recommends appropriate course of action to GRM executives
- Review borrower risk assessments in a timely manner to identify and evaluate the major risks and adjudicate the appropriate Risk Rating to meet regulatory and business requirements.
- Prepare peer group comparisons from both a business and a financial perspective in support of the risk rating recommendation
- Develop complex financial models (including income, balance sheet and cash flow statements, breakeven analysis and multivariable sensitivity testing)
- Actively follow business and financial performance through continuous monitoring of financial and industry information, regulatory events, external rating agency movements and other early warning signals
- Ensure timeliness and accuracy of the Classification / Watch Report
- Supporting senior staff as required, mentoring junior staff if applicable.
- Ensure a continuous improvement culture with particular focus on reducing non value added processes
What do you need to succeed?
Other Required Qualifications :
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.
The good-faith expected salary range for the above position is $110,000 - $190,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
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 :
Job Skills
Accounting Finance, Asset and Liability Management (ALM), Business Loans, Confidentiality, Credit Analysis, Customer Service, Detail-Oriented, Financial Statement Analysis, Risk Management, Small Business Financing
Additional Job Details
Address :
BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET : NEW YORK
City : New York
Country :
United States of America
Work hours / week : Employment Type :
Full time
Platform :
GROUP RISK MANAGEMENT
Job Type : Regular
Pay Type : Salaried
Posted Date : 2024-11-05
Application Deadline :
2025-02-28
Note : Applications will be accepted until 11 : 59 PM on the day prior to the application deadline date above
I nclusion 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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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 jobs.rbc.com .
Salary : $110,000 - $190,000
