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Job description
Credit Risk Review Team Member OpportunityWe have an exciting opportunity to join the Credit Risk Review (CRR) team at RBC, where you will play a critical role in providing independent and objective evaluations of credit risk management practices. Your work will help ensure the effectiveness and adequacy of internal controls, credit risk ratings and corporate governance processes - focusing on Wholesale and Wealth Management portfolios in the United States. Key stakeholders include 1st and 2nd line of defense bankers, senior leadership, regulators, and auditors.The successful candidate will lead and participate in Target Reviews, Continuous Monitoring Reviews, Risk Assessments, and other ad hoc credit projects.What Will You Do?Credit Risk Review PracticeLead and participate in the execution of CRR reviews of the Wholesale and Wealth Management portfolios. Evaluating risk rating accuracy, underwriting and portfolio management practices, emerging risks, compliance with regulatory guidance, and compliance with RBC policies and procedures.Provide coaching, mentorship, and performance feedback to more junior team membersExecute the risk-based annual plan in collaboration with CRR leadership and key stakeholders ensuring adequate, risk-based coverage of the loan portfolioReview borrower and portfolio-level credit risk, identify appropriate remediation actions, and communicate findings clearly and effectively. Conduct risk assessments of assigned industries/portfolios.Evaluate and recommend improvements to risk frameworks, governance, and internal processesInterface with internal and external stakeholders to ensure proper identification, documentation and resolution of all risks impacting the loan portfolioIdentify opportunities to leverage data and analytics to enhance CRR processesCollaborates with credit risk stakeholders across all three lines of defenseWhat do you need to succeed?Requirements7+ years of experience in wholesale credit in an underwriting, adjudication, credit risk review, audit, consulting, and/or regulatory capacityStrong knowledge of capital markets, lending products, and regulatory guidanceStrong negotiation, oral and written communication skillsAbility to handle a diverse workload, accept accountability, assume leadership and demonstrate initiativeNice to HaveGraduate degree (e.g. Master of Business Administration, Master of Science in Finance, Master of Science in Economics etc.)Regulatory background in a supervision and regulation roleWhat'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 optionsThe good-faith expected salary range for the above position is $120,000 - $200,000 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.Job SkillsArtificial Intelligence (AI), Business Data Analysis, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Long Term Planning, Operational Delivery, Quantitative Methods, Risk Management
Worksite address
jersey city, NJ, 07311, US
Who can apply
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