Internship Opportunity

OPEN INTERNSHIPS

Syndicated Loan Analyst(440670)

Organization:
RBC
Industry:
Finance
Number of Positions:
1
Application Deadline:
Jan 19, 2022
Start Date:
Feb 02, 2022
End Date:
Jun 12, 2022
Division:
Location:
Toronto,ON

Job Description:

 

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.

The competence with which the incumbent’s duties are carried out has a major impact on the credibility of the department, both within and outside the Bank.  The role of Agent 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.

The incumbent 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 primary and secondary assignments upon requests for assigned Borrowers in accordance with established guidelines
  • Process interest and fee transactions in ACBS as required by the Credit Agreement
  • Process pricing changes as required by the Credit Agreement and within established time frames
  • 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
  • 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 all ACBS two touch transactions created by other Analysts
  • Assist with the daily reconciliation of the Agency internal accounts by following up for missing entries
  • Willing and able to support the London (UK)-based Agency team out of Halifax hours

 

What do you need to succeed? Must Have

  • Knowledge of lending products, rate-setting methods and payment methods
  • Proficiency in Excel, Word
  • 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 is 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.

  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive and highly performing team
  • Opportunities to do challenging work
  • Leaders who support your development through coaching and learning opportunities
  • Opportunities to building close relationships with the business
  • Access to a variety of job opportunities across business and geographies

 

 

Employer Question 1:

Do you require any accommodations for the interviewing and recruitment process?

Employer Question 2:

Are you legally eligible to work in Canada for the entire duration of this internship?

Employer Question 3:

Are you aware that your application must be submitted through RBC in order for it to be reviewed?