Lead Underwriter, HNW Tailored Lending

What is the opportunity?

This role will be responsible for underwriting Tailored Loans to RBC UHNW clients in the US including Commercial Real Estate, Residential Real Estate, Securities Based Loans, Yacht, Aircraft, other illiquid collateral and unsecured loans. This person would also serve as the Portfolio Manager for US tailored loans, including having responsibility for annual reviews, amendments, waivers, and renewals.

In addition to underwriting new loans, this individual would serve as a subject matter expert for UHNW Tailored Lending and support the HNW Tailored Lending Advisors, pre-screening proposed credit facilities and reviewing 'flash terms' and termsheets to ensure they are aligned with USWM credit policies, risk appetite, and framework. When appropriate, this individual will help present transactions in 'Approval to Pitch' and 'Commitments' committees. They will also work closely with Loan Administration and Servicing to ensure deals are booked appropriately and covenants are being monitored and tracked

What will you do?

Credit Portfolio Management, Analysis & Capital Optimization

• Leads underwriting for USWM Tailored Loans
• Partners with HNW Lending Advisors to review tailored loan credit requests, provides guidance on initial flash terms and term sheets to ensure adherence to WM policies and risk appetite, and makes recommendations to the group head and Head, Global WM Portfolio Management and NY Branch CCO when needed.
• Performs credit initial due diligence, spreads financial data, runs credit models to propose initial borrower risk ratings and loss given defaults.
• Drafts credit memos summarizing credit requests, sources and uses, primary and secondary sources of repayment, key risks and mitigants, and ultimate credit recommendation.
• Prepare materials and participate in Approval To Pitch and Capital Commitments Committees
• Consult with Group Risk Management (2LOD) and obtain decisions that fall outside of 1LOD delegated authority.
• Partner with loan servicing team to ensure loans are properly booked and funded.
• Review periodic financial disclosures, perform annual or interim reviews as appropriate maintaining timely and accurate risk ratings and classifications.

What do you need to succeed?

• Strong analytical skills and sound judgement
• Technical expertise in credit risk management
• Excellent communication skills
• Highly organized and detail oriented
• Positive attitude, self-starter, willingness to roll-up sleeves and get the job done
• Constructive, and ability to offer recommendations to improve efficiency and effectiveness.
• Basic understanding of key bank regulatory requirements.
• Open to change and comfort operating in a long-term growth opportunity with developing structure.

Must-have

• 5-10 years prior credit risk management, underwriting or portfolio management experience, ideally in Wealth Management segment

Nice-to-have

• CFA and/or MBA

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.

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

The expected salary range for this particular position is $110,000-$190,000 depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Job Skills

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

At 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.