2025 Capital Markets, Global Credit Summer Analyst (4 Months)

Looking to start your career in Financial Services? RBC fosters a positive learning environment for students by providing the support and resources to help strategize your career path. Since we opened our doors in 1864, RBC has grown to become one of North America's leading diversified financial services companies. This is an exciting opportunity to be part of a high-performing and dynamic global group.

Global Credit is a Middle Office within RBC Capital Markets. Summer Interns are recruited into the various groups within the division including Credit Transaction Management, Ratings & Monitoring, and Institutional Client Credit Management. Global Credit provides transactional, risk assessment, and credit monitoring support for RBC Capital Markets loan and trading exposures. Global Credit key business partners are the Corporate and Investment Bank, Global Markets, and other teams across RBC CM.

Do any of these areas interest you? If yes, then be sure to check out the Global Credit Summer Internship opportunity below!

What will you do?

You will join a specific Global Credit team to work with throughout the summer. The roles and responsibilities will vary depending on the team you are assigned to but could include:

• Upkeep and maintain credit, transactional, and trading limits on the Client and Credit Management System (CCMS)
• Monitor receipt of Reporting Requirements outlined in credit agreements underpinning a portfolio of Global Credit names
• Investigate overdue items and notify Group Risk Management (GRM) and account management teams as required
• Monitor trading limits, client exposures and Fund client performance. Review limit excesses and resolve
• Responsible for data integrity on assigned accounts, ensure CCMS reflects all relevant ongoing changes
• Perform credit analysis on individual borrowers to establish Borrower risk ratings; includes preparing Risk Assessment Framework (RAFs), which encompasses industry, business, and financial risks
• Develop and maintain financial models for leveraged borrower names (including DCF and Market based approaches)
• Assist in daily monitoring of a Borrower's business and financial performance through monitoring of financial and industry information (conference calls, news releases, financial results, etc.), regulatory changes, third party analysis, including rating agency publications, and other early warning signals
• Support industry teams with preparing deteriorating credits for enhanced review, as required
• Assist with preparation of documentation packages to be sent to counterparties to reflect new Regulatory and US Tax requirements (1. Follow up with counterparties by phone and e-mail and refer technical questions as appropriate, 2. Track receipt of completed documentation and 3. Produce ongoing progress reporting against metric)
• Other projects & assignments as required, including portfolio reviews that require analytical, research, strategic and problem solving skills

What do you need to succeed?

Must-have:

• Working towards a Bachelor or Masters degree in Finance, Business Administration, Economics, CFA, or other related field
• Strong personal skills and the ability to work effectively independently and within a team environment
• Professional written and verbal communication skills
• Good analytical, communication and problem solving skills
• Highly organized with good attention to detail and very high level of accuracy
• Ability to prioritize, handle multiple tasks under pressure and meet time-sensitive deadlines
• Ability to think critically and "outside the box"

Nice-to-have

• Knowledge and an understanding of financial statement analysis
• Proficient in the full suite of Microsoft Products, including Excel (including using Excel as a tool for financial analysis) Word, PowerPoint, Access
• Previous experience using online research tools such as Bloomberg, KMV, or using S&P/Moody's/Fitch ratings
• Previous experience working with a Financial Institution

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. At RBC, you will have opportunities to:

• Participate in Global Credit's summer intern programming which gives you the opportunity to learn more about the division and other areas of RBC & RBC Capital Markets
• Interact with leaders who support your development through coaching and managing
• Network and build lasting relationships with students from diverse backgrounds from across Canada
• Make a difference and lasting impact through meaningful work
• Work in a dynamic, collaborative, progressive, and high-performing team

Additional Job Details

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

Inclusion and Equal Opportunity Employment