Analyst, Asset Based Lending

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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Analyst, Asset Based Lending

What is the opportunity?

Working in Global Credit under the Credit and Transaction Management team, you will manage and oversee the collateral management and reporting component of an assigned portfolio of Asset Based Lending (ABL) accounts, as well as non-ABL accounts under RBC Capital Markets.

You will be responsible for the management of an assigned portfolio of Asset Based Lending accounts, by providing in-depth knowledge of the collateral and lending positions of their clients. You will ensure (i) credit facilities are in compliance with agreements and policies, (ii) prompt response to requests from customers and other RBC units, (iii) bank systems reflect the terms as authorized, and (iv) assist in the identification of deteriorating risk situations.

What will you do?

• Ensure daily monitoring of client loan positions, identifying trends and notifying Portfolio Management of any deterioration.
• Ensure availability is accurately calculated, mitigating undue risk by ensuring proper reserves and ineligibles are taken.
• Responsible for data integrity of accounts in the assigned portfolio, ensuring bank systems are updated and reflect correct information.
• Assist in preparation of annual credit reviews, working closely with Associates on tasks as needed.
• Ensure timely, accurate completion of client uploads to ensure collateral values are followed and to determine client funding availability.
• Assist Portfolio Management and Associates with adhoc requests as needed.
• Partner with Credit Transaction Management to manage the global credit portfolio and upkeep & maintain limits on Client and Credit Management System (CCMS).
• Identify and be alert for revenue opportunities that can be taken to Portfolio Management for consideration.
• Manage the collateral management and reporting component of an assigned portfolio of Asset Based Lending (ABL) accounts.
• Monitor client’s compliance to the terms and conditions of loan and other agreements, ensuring client is operating within ABL requirements.
• Submit and approve administrative electronic transaction requests and monitor receipt of reporting requirements for ABL and non-ABL borrowing clients.
• Assist in ensuring all supporting and required documentation is provided in timely fashion.
• Update and maintain client collateral monitoring workbooks.
• Review periodic collateral reports (i.e. field exams, appraisals) to identify recommendations to be implemented, identify trends and facilitate discussions with Portfolio Manager and clients.

What you need to succeed?

• Demonstrated written and verbal communication skills, including the ability to communicate effectively with clients and internal RBC partners
• Ability to prioritize work and manage competing demands from various groups with which ABL interacts.
• Strong financial and risk analysis skills.
• Strong understanding of loan agreements, field examinations, appraisals and financial reporting.
• Minimum Undergraduate degree in the field of Business, Accounting, Economics, Commerce, Math or a related field.
• 1 to 2+ years experience in Asset Based Lending (ABL) or commercial banking
• Strong Data analysis / reporting skills - strong proficiency in MS Excel is required.
• Ability to strike a balance in putting “Client First” vs. ensuring that internal standards are maintained and deliverables are provided.
• Familiarity with the ABL credit processes and policies

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.

• Opportunities to do challenging work
• Work in a dynamic, collaborative, progressive, and high-performing team
• Leaders who support your development through coaching and managing opportunities
• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
• Flexible work/life balance options

Job Summary

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-07-12

Application Deadline:

2023-07-27

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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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 rbc.com/careers.