2023 Fall Student - Personal And Commercial Banking – Digital Fulfillment Strategist (4 Months)

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Job Title

2023 Fall Student - Personal and Commercial Banking – Digital Fulfillment Strategist (4 months)

What is the opportunity?

As a leading automotive financial service provider, RBC Automotive Finance (AF) strives to be the lender of choice for the automotive industry in Canada and build lasting relationships with dealers, manufacturers and consumers. The AF business is one of the most dynamic and interesting lines of business across Personal & Commercial Banking. It is the platform’s core indirect lending business wherein the dealer acts as a broker and decides where to send the client’s application, and the business therefore caters to two levels of clients (i.e. the dealer and the end consumer). For new vehicles, Original Equipment Manufacturer (OEM) partners may establish financing programs to support their sales volume targets through subvented financing rates offering. In this case, the business caters to three levels of clients (i.e. the vehicle manufacturer, the dealer and the end consumer).

AF possesses a few unique dynamics that sets it apart from the rest of the Personal Financing Products businesses – it has its own salesforce that reports directly to the business, and the commercial and retail sides of the business are combined under one umbrella. The Retail Operations Strategy team, a part of the broader Automotive Finance National Office team, is responsible for stewarding Operational outcomes on behalf of the Automotive Finance product suite primarily focused on Dealer Experience and Cost.

This is a fantastic opportunity for the intern to meaningfully impact the Dealer Experience and Operational Costs by contributing to our Digital Fulfillment vision of Digital Fulfillment strategy. The intern will act as the Strategy Lead for Digital Document Identification & Data Extraction to enable the automated identification and data extraction/validation from loan and supporting documents required to process/fund a vehicle loan.

What will you do?

• Conduct internal and external research of Digital Document Identification & Validation capabilities
• Produce a hand off package of artifacts, learnings and perform a knowledge transfer to the team to establish a Subject Matter Expert and for seamless execution of the future project
• Establish a road map with a project plan and begin executing a ‘test and learn’ with one or more of the technologies; during this phase, establish a Funding Request (PAR) for a future project to proceed with the technology
• Produce a prioritized a list of technologies Automotive Finance could pursue in this eandeavour; complete a high level costing and benefits business case
• Further build the road map and project plan for the future project which could be utilized should Funding be secured

What do you need to succeed?

Must-Have

• Attention to detail and time management
• Currently enrolled in a post-secondary program for the 2023/202 school year with a Business focus
• Ability to effectively collaborate with others in a fast-paced environment
• MS PowerPoint & presentation skills
• Strong written/oral communication skills as well as research skills to identify and develop as well as convey thoughtful and insightful explanations or information

Nice To Have

• Previous exposure to Digitization, Digital Transformation or Digital Document Processing technologies
• In addition to a Business focused post-secondary program, either a minor or dual program with a Technology adjacent discipline is a strong asset

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.

• Work in a dynamic, collaborative, progressive, and high-performing team
• Leaders who support your development through coaching and managing opportunities
• Opportunities to do challenging work
• Ability to make a difference and lasting impact

Job Summary

Participates in and supports the operational activities of a business unit. Applies experience and complete working knowledge of the job and policies/practices to perform a combination of routine tasks and varied administrative/operational assignments.

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Personal and Commercial Banking

Job Type:

Student/Coop (Fixed Term)

Pay Type:

Salaried

Posted Date:

2023-07-14

Application Deadline:

2023-07-19

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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