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Associate Director, Wholesale Credit, Funds Team (London)

Royal Bank of Canada London, United Kingdom
Posted 4 days ago Permanent Competitive

Associate Director, Wholesale Credit, Funds Team (London)

Royal Bank of Canada London, United Kingdom
Associate Director, Wholesale Credit, Funds Team (London)

Job Description




What is the opportunity?



You will be the primary point of contact for credit risk matters arising from transacting with fund counterparties managed by the European based asset managers under your coverage.



You will also be the team leader for expanding use of AI in our credit process around managing credit exposure to funds. This includes analysing existing workflow and processes and working with Toronto GRM team to redesign and implement system and process changes to improve efficiency in our credit process.



This is the a full-time permanent role and will require 4 days in our London office.




What will you do?





  • Undertake credit and due diligence work for a range of lending and trading relationships. The responsibilities will be split between the credit adjudication of loan facilities for alternative funds/private equity vehicles, and the adjudication of derivatives and securities lending facilities for all types of funds. You will be a key point of contact on credit risk issues relating to your allocated portfolio of clients.

  • Prepare and lead due diligence calls/meetings with fund managers.

  • Review and adjudicate manager/counterparty ratings, new transaction requests as well as annual reviews under your delegated authority. For some transactions, you will have the responsibility to establish new ratings.

  • Review transaction requests, including legal documentation terms, and deliver constructive challenge to the business when needed to ensure a balanced risk/ reward solution is achieved.

  • Prepare concise transaction summaries, including sound recommendations, for management approval when required.

  • Ensure efficient ongoing monitoring for credit portfolio in conjunction with 1st Line of Defence and other GRM stakeholders.

  • Lead team in expanding use of AI in our credit process for managing credit exposure to funds.

  • Includes analysing existing workflow and processes and working with Toronto GRM team to redesign and implement system and process changes to improve efficiency in our credit process.

  • Also includes working with stakeholders across 1st Line of Defence business partners and GRM business management in Toronto towards this objective, recommending changes which enhance efficiency and which reduce risk.




What do you need to succeed?




Must-have



  • The mandate calls for an effective, action oriented professional officer with strong credit management skills, great attention to details and the ability to deal with a large and diverse workload and to shift priorities when needed.

  • Excellent written communication skills are crucial as well as good verbal communication skills. Strong negotiation and interpersonal skills are also needed.

  • You will be expected to operate largely independently, although you will also have to liaise with RBC Group staff in various departments (including ICCM, CB, Trading Desks, TDG, Law Group).

  • You are willing to travel on behalf of the bank to meet asset managers/ clients.

  • Demonstrated experience in stakeholder management, systems implementation, integration and data management.

  • Demonstrated background in business transformation, operating model change, process optimisation and/or continuous improvement initiatives.




Nice-to-have





  • Solid understanding of the financial markets and of the asset management sector. Good knowledge of balance sheet ratios and of trading and lending products.

  • Knowledge of counterparty credit risk or trading documentation or lending documentation.

  • The ability to speak French and/ or German.




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.



  • A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation

  • Leaders who support your development through coaching and managing opportunities

  • Opportunities to work with the best in the field

  • Ability to make a difference and lasting impact

  • Work in a dynamic, collaborative, progressive, and high-performing team

  • A world-class training program in financial services

  • Flexible working options fully supported.




Agency Notice



RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.




Job Skills

Coaching Others, Communication, Confidentiality, Decision Making, Detail-Oriented, Information Capture, Process Management, Quality Management, Risk Management, Standard Operating Procedure (SOP)




Additional Job Details




Address:



100 BISHOPSGATE:LONDON




City:



London




Country:



United Kingdom




Work hours/week:



35




Employment Type:



Full time




Platform:



GROUP RISK MANAGEMENT




Job Type:



Regular




Pay Type:



Salaried




Posted Date:



2026-09-07




Application Deadline:



2026-09-21


Note
: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above




Our Employment Opportunities



At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.




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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 jobs.rbc.com.



RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

Job ID  R-0000187058
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