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Royal Bank of Canada

Royal Bank of Canada

Global banking, wealth management, and insurance

Associate – Financial Institutions Group Corporate Banking

Full-TimeDeadline 11/1/26
$160k - $180k/yr

+ Discretionary bonus + Stock options

Mid
Bachelor's, Master's, MBA
New York, NY, USA
In Person

About the job

Requirements
  • A bachelor's degree in Business, Economics, Finance, Mathematics, or another quantitative discipline is required.
  • At least 3 years of relevant experience in Corporate Lending, Corporate Finance, Financial Institutions Banking, or Credit Analysis is required.
  • Strong financial modeling skills, including experience with complex capital structures and covenant frameworks, are required.
  • Strong writing and presentation skills, including the ability to prepare detailed credit memoranda, are required.
  • Strong analytical skills and the ability to assess risks such as reimbursement exposure, regulatory risk, and payer mix dynamics are required.
  • Formal credit training is required.
  • The candidate must demonstrate interpersonal and relationship management skills.
  • The candidate must be able to take initiative, operate independently, work in a team-oriented environment, and manage multiple transactions and competing deadlines.
Responsibilities
  • Assist in structuring acquisition financings, leveraged and investment-grade loans, bridge facilities, corporate revolvers, and other credit solutions for clients.
  • Prepare credit submissions and supporting documentation for the transaction approval process, including loan syndications, pipeline management, single-name credit strategies, and Exceptions Committee memoranda.
  • Support transactions from underwriting through closing and ongoing monitoring.
  • Structure and monitor syndicated and bilateral loan transactions.
  • Conduct financial analysis and build and maintain detailed financial models, including cash flow projections, covenant analysis, and downside scenarios.
  • Provide coverage support for designated clients and identify cross-sell opportunities across active Capital Markets products.
  • Partner with Investment Banking, Debt Capital Markets, Leveraged Finance, and Fixed Income Sales & Trading teams.
  • Monitor client, industry, and market performance, including regulatory developments, reimbursement trends, M&A activity, and credit deterioration risks.
  • Assist with internal credit administration, ongoing portfolio monitoring, and industry trend analysis.
  • Liaise with middle- and back-office functions to ensure execution of wires, settlements, and documentation processes.
  • Engage Risk Management and Credit Portfolio Management teams in credit underwriting, approvals, amendments, and ongoing monitoring.
Desired Qualifications
  • A master's degree, MBA, or related field is preferred.
  • A CFA or other relevant professional designation is preferred.
  • Prior sector experience is preferred.

About the company

What does RBC do? It provides a wide range of financial services including personal and commercial banking, wealth management, insurance, investor services, and capital markets to clients in Canada, the United States, and 27 other countries. How do its products work? It earns revenue from loans, mortgages, investment products, and advisory services, and uses technology to deliver a seamless client experience across a diversified set of financial services, with an emphasis on digital tools and customer service. How is RBC different from competitors? It combines scale and global reach with a principles-led culture, a strong focus on community impact, and a large, diverse workforce (94,000+ employees) to drive client outcomes and continuous innovation. What is RBC’s goal? To help clients prosper and communities thrive by delivering reliable financial solutions and services while adapting to changing needs and maintaining leadership in the financial sector.

Company Size

10,001+

Company Stage

IPO

Headquarters

Toronto, Canada

Founded

1864

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Simplify's Take

What believers are saying

  • August 27, 2026 Q3 profit reached $6.02 billion, beating expectations and lifting ROE.
  • September 2026 Barclays remarks highlighted $80 billion loan growth and 13.5% CET1 strength.
  • RBC's August 21, 2026 credit-card refresh adds rewards, flexibility, and richer fee income.

What critics are saying

  • Capital markets earnings swing with M&A and trading; August 27, 2026 results already showed volatility.
  • City National impaired loans rose in Q3 2026, driven by utility exposures and real estate.
  • September 2026 court losses and FINRA AML fines expose RBC's compliance weak spots.

What makes Royal Bank of Canada unique

  • August 27, 2026 Q3 revenue hit $18.54 billion, powered by wealth and capital markets.
  • RBC's diversified model spans Canadian banking, U.S. transaction banking, wealth, insurance, and capital markets.
  • Management said 40% of new personal clients add another product within 30 days.

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Benefits

Professional Development Budget

Flexible Work Hours

Performance Bonus

Company News

Kalkine Media
Sep 16th, 2026
Royal Bank of Canada raises $3.4B with dual-tranche covered bonds due 2031 and 2036

Royal Bank of Canada issued €3 billion in euro-denominated covered bonds on 15 September 2026 under its €75 billion Global Covered Bond Programme. The issuance comprises two tranches: €2.25 billion at 3.375% maturing in 2031, and €750 million at 3.750% maturing in 2036. Both tranches are unconditionally guaranteed by RBC Covered Bond Guarantor Limited Partnership, providing additional credit support typical of the covered bond asset class. Final terms dated 11 September 2026 have been filed with the FCA's National Storage Mechanism. The bonds are restricted to professional and institutional investors under Regulation S and MiFID II governance rules. They have not been registered under the US Securities Act of 1933 and cannot be offered to US persons or retail investors in the EEA or UK.

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Kaiko receives lead investment from S&P Global, raising a total financing scale of $110 million

Kaiko, a data service provider in the cryptocurrency market, has received leading investment from S&P Global, increasing its total financing to $110 million, DRW Holdings、Susquehanna、 Royal Bank of Canada, NASDAQ, BNP Paribas, BpiFrance, Broadridge, Canton Ventures, Coinbase Ventures, and Stellar will participate, and Kaiko will use the financing to develop new products and services.

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Sep 14th, 2026
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Finance Times Gazette
Sep 4th, 2026
ITPS Canada lands $90 million credit facility to fuel expansion | Finance Times Gazette

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MoneyVests
Aug 27th, 2026
RBC beats profit estimates as capital markets, wealth management shine.

RBC beats profit estimates as capital markets, wealth management shine. August 27, 2026 Royal Bank of Canada (TSX:RY) beat analyst estimates in the third quarter, powered by strength in capital markets and wealth management, extending a trend seen across Canada's largest lenders this earnings season. RBC reported third-quarter profit of $6.02 billion, up from $5.41 billion a year earlier, with gains also coming from commercial banking. Profit amounted to $4.23 per diluted share for the quarter ended July 31, up from $3.75 a year earlier. On an adjusted basis, the bank earned $4.28 per diluted share, compared with $3.84 in the same quarter last year. Analysts had expected a profit of $4.08 per share and $18.14 billion in revenue, according to LSEG Data & Analytics. Revenue for the quarter came in at $18.54 billion, up from $16.99 billion a year earlier. Provision for credit losses totalled $1 billion, up from $881 million a year earlier. Jefferies analysts said the results reinforce their view that RBC's diversified business mix is a key driver of its premium return on equity, and that favourable conditions for wealth management should continue to support the bank's growth and valuation. The brokerage noted RBC's ROE rebounded from a second-quarter slowdown, helped by strong capital markets revenue and some credit allowance releases, widening its lead over peers to 18.1% against a group average of 16%. Jefferies also pointed to domestic loan growth that outpaced the peer average. While cautioning that investors should not fully pay up for the capital markets contribution, Jefferies said the quarter demonstrated the broader strength of RBC's platform across segments. The brokerage added that Canadian bank valuations remain close to stretched territory, and that earnings will need to grow into current multiples, but called RBC's results a compelling case relative to its peers. Shares were down 1.9% in Toronto and 1.8% in New York. Post Views: 5