Associate, Wholesale Credit Risk – Funds – RBC, Toronto, ON
Location: Toronto, ON | Company: RBC
RBC is hiring an Associate, Wholesale Credit Risk – Funds for a full-time position in Toronto, Ontario. This opportunity within Group Risk Management focuses on evaluating credit exposure connected to investment managers, regulated funds and other institutional counterparties involved in capital markets transactions.
The successful candidate will act as a Credit Officer within RBC’s Wholesale Credit Risk Funds team. The role involves assessing borrower risk, reviewing proposed transaction structures and preparing credit recommendations for counterparties that may participate in foreign exchange, repurchase agreements, derivatives, futures, prime brokerage and other trading activities.
About This Wholesale Credit Risk Position
RBC’s Group Risk Management – Wholesale Credit Risk function evaluates the credit risks created by complex trading and lending activities. The Funds team is specifically responsible for managing exposure to North American investment managers and fund counterparties operating across different investment strategies.
As a second-line risk professional, the Associate will work independently from the business teams proposing transactions while maintaining close working relationships with them. The objective is to provide balanced credit analysis, identify material risks and confirm that proposed deal structures include suitable protections before approval.
Key Areas of Responsibility
The position combines counterparty analysis, transaction review and portfolio monitoring. The Associate will be expected to manage several credit files at once while meeting established timelines and maintaining accurate risk documentation.
Counterparty Credit Analysis
Evaluate individual investment managers and fund counterparties by reviewing their business models, financial position, investment strategies and relevant industry risks.
Borrower Risk Ratings
Establish or adjudicate borrower risk ratings and prepare risk assessments that consider business, financial, industry and transaction-specific factors.
Transaction Review
Assess proposed client strategies and transaction requests, identify exceptions to applicable policies and recommend appropriate changes or risk mitigants.
Portfolio Monitoring
Monitor assigned counterparties through financial results, regulatory developments, rating agency reports, market information and other potential early warning indicators.
Risk Recommendations
Prepare clear credit recommendations for approval within delegated authority limits and provide timely analysis to support business and risk decisions.
Reporting and Process Support
Contribute to internal reporting, data management, process optimization and other analytical projects supporting the broader Wholesale Credit Risk function.
Fund Counterparties and Trading Exposure
The Associate’s portfolio will primarily include regulated funds, although coverage may also extend to hedge funds, private equity funds, real estate investment trusts and other investment vehicles. Each counterparty may present a different combination of leverage, liquidity, concentration, market and operational risks.
Many of the accounts supported by this role are connected to trading facilities rather than traditional commercial loans. Candidates should therefore be interested in products such as foreign exchange, repo, derivatives, futures, securities financing and prime brokerage, as well as the way these exposures can change with market conditions.
Skills That May Help Candidates Succeed
This opportunity may suit candidates who enjoy detailed financial analysis and are interested in developing a long-term career in risk management. The work requires curiosity, disciplined time management and the ability to communicate conclusions clearly under pressure.
The ability to review financial, business and industry information and determine how those factors affect a counterparty’s creditworthiness.
Strong research skills for gathering relevant information from financial statements, news, regulatory sources, ratings reports and due diligence discussions.
The ability to maintain accurate risk assessments, approval schedules and borrower ratings while managing a high volume of requests.
Clear written and verbal communication skills for explaining credit concerns, supporting recommendations and working with several business and control functions.
Experience using Excel for financial analysis, reporting or process improvement, with VBA or macro knowledge considered beneficial for larger data sets.
Experience, Education and Workplace Details
RBC requires at least two years of experience within a financial institution or asset management organization, preferably in a credit risk role. Candidates should demonstrate analytical thinking, strong time management and the ability to work effectively in a fast-paced environment with competing priorities.
An MBA, completed CFA designation or progress toward the CFA program is considered an asset. Experience with investment managers, funds or trading products may also strengthen an application. The position is based at Royal Bank Plaza, 200 Bay Street in Toronto and follows a full-time schedule of 37.5 hours per week.
How to Apply
Interested candidates should apply through RBC’s official careers website. Application materials should highlight credit analysis experience, exposure to financial institutions or asset managers and any knowledge of investment funds, counterparty risk or capital markets products.
The official application deadline is August 15, 2026, with applications accepted until 11:59 p.m. on the preceding day. RBC may contact qualified candidates to discuss their experience in greater detail. Joblyz does not receive applications or participate in hiring decisions.