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Internship

2024 Fall - GRM, Wholesale Credit Risk Intern (4 Months)

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RBC

16d ago

🚀 Off-cycle Internship

Toronto

16d left

AI generated summary

  • You need strong interpersonal, time management, and analytical skills for this Wholesale Credit Risk internship at RBC. Financial analysis experience, Excel proficiency, and progress towards an MBA or relevant undergraduate degree are must-haves. Bonus points for a Risk Management or Capital Markets interest, fund management knowledge, and CFA progress.
  • You will analyze credit risks, review lending transactions, monitor borrower performance, conduct industry research, and provide support on special projects in the Wholesale Credit Risk department at RBC.

Off-cycle Internship

Banking & FinanceToronto

Description

  • Group Risk Management-Wholesale Credit Risk (GRM - WCR) group is responsible for assessing credit exposures of trading and lending activities for complex Capital Markets transactions; coverage is organized by geography and aligned by industry. 
  • The GRM - WCR Funds team manages exposure to North American Investment Managers and Fund counterparties through effective analysis of credit risk, across various investment strategies. Analyst’s primary responsibilities will include adjudication of borrower risk ratings and evaluation of proposed credit requests, providing comprehensive transactional analysis and approval recommendations in a timely manner.

Requirements

  • Must-have:
  • Strong interpersonal skills, with outstanding written and verbal communication skills
  • Superior time management skills and attention to detail, with ability to perform well under pressure
  • Knowledge and an understanding of financial statement analysis;
  • Experience with Excel, including using Excel and VBA/Macro as a tool for financial analysis and process optimization involving large data sets.
  • Demonstrated research capabilities and an ability to apply an analytical approach
  • Be in the process of completing their MBA, or in 3rd or 4th year of an undergraduate program if the candidate has relevant experience.
  • Nice-to-have:
  • Some knowledge of and interest in pursuing a career in Risk Management or Capital Markets.
  • Some background or experience working with fund managers or funds would be an asset.
  • Previous experience using online research tools such as Bloomberg or using S&P/Moody’s/Fitch ratings.
  • Steps towards attaining a CFA designation.

Education requirements

Currently Studying

Area of Responsibilities

Banking & Finance

Responsibilities

  • Perform credit analysis on investment managers and individual Fund borrowers; this includes reviewing Risk Assessment Framework (RAFs) which encompasses industry, business and financial risks.
  • Assist with transaction flow by reviewing lending and/or trading transactions from various teams within Capital Markets as they proceed through the approval process.
  • Assist in daily monitoring of borrower’s business and financial performance through monitoring of financial and industry information (conference calls, news releases, financial results, etc.), regulatory changes, third party analysis including rating agency publications, and other early warning signals.
  • Conduct specific industry research and provide support on special projects as requested.
  • Provide technical, analytical and project support for other functions carried out, particularly in the areas of process optimization and data management.

Details

Work type

Full time

Work mode

office

Application deadline

Jun 3, 2024

Location

Toronto