Associate Director, Credit Risk Manager

About the role

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.

Responsibilities

• 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.
• Works closely with the business on the risk aspects of new transactions under consideration and provides direction and guidance to ensure the eventual deal structure adequately mitigates key risk concerns.
• Reviews Single Name Strategies and Credit Requests within agreed timelines, evaluates the risks, highlights exceptions to applicable policies and guidelines, and recommends appropriate course of action to GRM executives.
• Reviews borrower risk assessments in a timely manner to identify and evaluate major risks and adjudicates the appropriate Risk Rating to meet regulatory and business requirements.
• Prepares peer group comparisons from both a business and a financial perspective in support of the risk rating recommendation.
• Develops complex financial models (including income, balance sheet and cash flow statements, breakeven analysis, and multivariable sensitivity testing).
• Actively follows business and financial performance through continuous monitoring of financial and industry information, regulatory events, external rating agency movements, and other early warning signals.
• Ensures timeliness and accuracy of the Classification/Watch Report.
• Supports senior staff as required and mentors junior staff if applicable.
• Fosters a continuous improvement culture with a focus on reducing non-value-added processes.

Requirements

• Bachelor's Degree required.
• 5-8 years of related work experience, including experience working in group risk management or a corporate banking function of a major investment bank.
• Two years of experience developing financial models, performing credit risk analysis, and working with the Capital Markets division of a Global bank.
• Ability to prepare clear and concise reports in a timely fashion, documenting applicable business requirements and regulatory concerns.
• Strong communication (written and verbal) and interpersonal skills.

Skills

• Must have: Accounting, Finance, Asset and Liability Management (ALM), Commercial Loan Review, Confidentiality, Credit Analysis, Customer Service, Customer Success, Detail-Oriented, Financial Statement Analysis, Risk Management.
• Nice to have: Demonstrated financial modeling and analytical skills, strong teamwork skills, computer literacy with high comfort level in use of word processing (Word), spreadsheet (Excel), and database software (various), and using electronic tools for online research.
• Development or review of complex financial models (including income, balance sheet, and cash flow statements, breakeven analysis, and multivariable sensitivity testing).
• Ability to apply forecasted changes in macro-economic variables to prepare a stressed forecast for the client’s business.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

Pay

The expected salary range for this position is $120,000-$200,000 (New York) depending on your experience, skills, and registration status, market conditions, and business needs. You have the potential to earn more through RBC’s discretionary variable compensation program, which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

Schedule

• Work hours/week: 40
• Employment Type: Full time