2026 Capital Markets, Corporate Banking (Real Estate), Summer Analyst (4 Months)
About the role
Job Description
RBC Capital Markets is a part of the Royal Bank of Canada, one of the largest providers of financial services in the world. RBC ranks among the top five banks in North America by market capitalization and has one of the highest credit ratings of any financial institution in the world.
The Real Estate Corporate Banking(RECB) platform was created within RBC as the bank’s principal lending platform focused on real estate finance products supporting institutional firms and top tier operating partners. Our mandate includes the origination of all aspects of credit capital to finance all major commercial real estate product types, principally in Canada, but including the US, Europe and other regions where our clients operate.
RECB provides comprehensive debt capital market solutions for the world’s premier real estate owners and sponsors, focusing on groups with significant operating experience, capital, market knowledge, and a history of success. The three core client types that RECB markets to are as follows: (i) publicly traded real estate investment trusts; (ii) Canadian pension fund subsidiaries which are focused on commercial real estate ownership and management (principally, the wholly owned subsidiaries of the “Maple 8” pension funds), and (iii) real estate private equity and asset management clients. With a small team of dedicated professionals, RECB presently oversees a loan portfolio of ~C$11.5B of commitments.
As a unit of one of the world’s leading banks, RECB leverages our strong capital base and business relationships to facilitate investment opportunities for our institutional clients through the provision of the major forms of credit: secured and unsecured revolving credit facilities, secured and unsecured term loans, capital call / subscription receipt facilities, construction loans, commercial mortgages, bridge financing (acquisition loans, bridges to debt / equity financing) and derivative facilities.
What is the opportunity?
RECB is seeking a co-op/intern to its team for Summer 2026. Analysts work on deal teams within the group to help evaluate, underwrite and structure senior debt investments in the commercial real estate space. Analysts would be involved across all levels of a transaction with a particular focus on financial analysis, valuation, and market research. These positions provide significant exposure to full time analysts and associates, as well as senior members of the RECB and broader RBC Capital Markets team.
As an Summer Analyst you will benefit from the support of a mentor, in addition to ongoing informal mentoring from all team members. The program also features a number of social events to facilitate networking and to discuss career opportunities.
Tasks/Responsibilities:
- Perform valuation analysis using various methodologies, including discounted cash flow, multiples valuation, and transaction comparables
- Participate in building detailed financial models to evaluate real estate performance under various operating scenarios and to analyze the impacts of various capital structures
- Prepare presentation materials for use in committee meetings, covering topics such as deal-level strategy, market overviews, and commercial real estate activity
- Participate in all stages of the origination of real estate debt transactions, from due diligence to closing
- Coordinate efforts with deal team members and capital markets colleagues
What do you need to succeed?
- Excellent quantitative, analytical and communication skills
- High proficiency in computer applications such as MS Excel, Word, and Outlook
- Ability to manage multiple competing priorities and assume a high level of responsibility
- Strong team player attitude
- Ability to function in a fast-paced and challenging environment
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.
- 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
In order for your application to be considered, please upload yourCOVER LETTER and RESUMEasONE PDF FILE.
We thank all interested candidates; however, only those selected for an interview will be contacted.
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.
Job Skills
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
City:
Toronto
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Student/Coop (Fixed Term)
Pay Type:
Salaried
Posted Date:
2025-09-03
Application Deadline:
2025-09-18
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion 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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
2026 Capital Markets, Corporate Banking (Real Estate), Summer Analyst (4 Months)
About the role
Job Description
RBC Capital Markets is a part of the Royal Bank of Canada, one of the largest providers of financial services in the world. RBC ranks among the top five banks in North America by market capitalization and has one of the highest credit ratings of any financial institution in the world.
The Real Estate Corporate Banking(RECB) platform was created within RBC as the bank’s principal lending platform focused on real estate finance products supporting institutional firms and top tier operating partners. Our mandate includes the origination of all aspects of credit capital to finance all major commercial real estate product types, principally in Canada, but including the US, Europe and other regions where our clients operate.
RECB provides comprehensive debt capital market solutions for the world’s premier real estate owners and sponsors, focusing on groups with significant operating experience, capital, market knowledge, and a history of success. The three core client types that RECB markets to are as follows: (i) publicly traded real estate investment trusts; (ii) Canadian pension fund subsidiaries which are focused on commercial real estate ownership and management (principally, the wholly owned subsidiaries of the “Maple 8” pension funds), and (iii) real estate private equity and asset management clients. With a small team of dedicated professionals, RECB presently oversees a loan portfolio of ~C$11.5B of commitments.
As a unit of one of the world’s leading banks, RECB leverages our strong capital base and business relationships to facilitate investment opportunities for our institutional clients through the provision of the major forms of credit: secured and unsecured revolving credit facilities, secured and unsecured term loans, capital call / subscription receipt facilities, construction loans, commercial mortgages, bridge financing (acquisition loans, bridges to debt / equity financing) and derivative facilities.
What is the opportunity?
RECB is seeking a co-op/intern to its team for Summer 2026. Analysts work on deal teams within the group to help evaluate, underwrite and structure senior debt investments in the commercial real estate space. Analysts would be involved across all levels of a transaction with a particular focus on financial analysis, valuation, and market research. These positions provide significant exposure to full time analysts and associates, as well as senior members of the RECB and broader RBC Capital Markets team.
As an Summer Analyst you will benefit from the support of a mentor, in addition to ongoing informal mentoring from all team members. The program also features a number of social events to facilitate networking and to discuss career opportunities.
Tasks/Responsibilities:
- Perform valuation analysis using various methodologies, including discounted cash flow, multiples valuation, and transaction comparables
- Participate in building detailed financial models to evaluate real estate performance under various operating scenarios and to analyze the impacts of various capital structures
- Prepare presentation materials for use in committee meetings, covering topics such as deal-level strategy, market overviews, and commercial real estate activity
- Participate in all stages of the origination of real estate debt transactions, from due diligence to closing
- Coordinate efforts with deal team members and capital markets colleagues
What do you need to succeed?
- Excellent quantitative, analytical and communication skills
- High proficiency in computer applications such as MS Excel, Word, and Outlook
- Ability to manage multiple competing priorities and assume a high level of responsibility
- Strong team player attitude
- Ability to function in a fast-paced and challenging environment
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.
- 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
In order for your application to be considered, please upload yourCOVER LETTER and RESUMEasONE PDF FILE.
We thank all interested candidates; however, only those selected for an interview will be contacted.
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.
Job Skills
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
City:
Toronto
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Student/Coop (Fixed Term)
Pay Type:
Salaried
Posted Date:
2025-09-03
Application Deadline:
2025-09-18
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion 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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.