Syndicated Loan Analyst
RBC
Halifax OR Toronto, Nova Scotia, Canada
1d ago

What is the opportunity?

The primary objective of the position is to provide day-to-day servicing / administration of an assigned group of Syndicated facilities for which Royal Bank of Canada is Agent and their related loan drawings, fees and interest schedules.

You will be responsible for ensuring loan integrity and compliance against bank policies and loan credit agreement and encompass verification officer roles.

The competence with which you will carry out duties has a major impact on the credibility of the department, both within and outside the Bank.

The role is highly visible and affects the Bank’s ability to obtain Syndication and Agency mandates. Failure to perform in an efficient and competent manner can not only jeopardize the Bank’s reputation, but can also result in significant material losses.

You must display a clear understanding of the administrative aspects of each assigned deal in order to resolve the various requests for interpretation and action that arise daily.

What will you do?

  • Process transactions in ACBS upon requests from assigned Borrowers for advances, rollovers, conversions or repayments;
  • ensure notice and limit requirements are met, participants are notified, rates are set and payments are made in accordance with the relevant Credit Agreement

  • Process secondary assignments, and where required primary assignments, upon requests for assigned Borrowers in accordance with established guidelines
  • Process interest and fee transactions in ACBS as required by the Credit Agreement
  • Where instructed, notify syndicate of pricing and limit changes as required by the Credit Agreement and within established time frames.
  • Create and obtain EUC approval for manual spreadsheets as necessary, to record all transactions and calculations that cannot be processed in ACBS

  • Maintain a series of Word templates with up-to-date standard instructions to be used as needed for notifications, letters and fax coversheets
  • Input or verify payments in RBC Express, RIMMS as required for payments which cannot be processed through ACBS
  • Manage and monitor accounts requiring special handling Special Loans Accounts / Daily Cash Sweep Accounts / Construction- Real Estate accounts
  • Assist Deal Managers on assigned deal closings, ensuring notice and funding requests are processed in accordance with internal guidelines and on a timely manner
  • Act as verification officer for ACBS two touch transactions created by other Analysts
  • Assist with the daily reconciliation of the Agency internal accounts by following up for missing or excess funds
  • Investigate ACBS, LCA and OMS reports on a daily basis and input comments where required
  • Act as a backup to other Analyst
  • Identify gaps in Agency processes and recommend changes to minimize operational / reputational risk
  • Complete assigned courses on Talentlink by due dates
  • What you need to succeed?

    Must-haves

  • University degree, experience in financial industry or a combination
  • 1 2 years of related experience
  • Knowledge of lending products, rate-setting methods and payment methods
  • Proficiency in Excel, Word
  • Ability to work effectively both independently and within a team environment
  • Ability to prioritize, work under pressure and meet time sensitive deadlines
  • Strong organizational and problem solving skills; detail oriented
  • Ability to respond effectively to requests from borrowers and participants especially for accommodations which fall outside the parameters of the Credit Agreement
  • Excellent written and oral communication skills
  • Nice-to-have

    Knowledge of ACBS is an 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.

  • 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 options
  • RBC is committed to supporting flexible work arrangements when and where available. Details to be discussed with Hiring Manager .

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    JOB SUMMARY

    City : Halifax OR Toronto

    Address : 120 Western PKWY - 4th Floor, Bedford OR 20 King Street W.

    Work Hours / Week : 37.5

    Work Environment : Office

    Employment Type : Full Time

    Career Level : Experienced Hire / Professional

    Application Deadline : 10 / 26 / 2021

    Platform : Capital Markets

    Ad Code(s) :

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