Credit Risk Manager
Top Benefits
About the role
What is the opportunity?
Support RBC US Wealth Management’s management in reimaging our margin credit risk team, a key component of the cash and lending business. The Credit Risk Manager is a key team member leading the execution and implementation of margin risk management policies and procedures. The Credit Risk Manager will partner closely with internal and external partners ensuring the timely and successful implementation of multiple large and small-scale initiatives.
What will you do?
- Manages and maintains relationships with vendors, the IT department and end users regarding loan servicing software specifications and up gradation.
- Establishes internal policies and procedures on loan relationship management to ensure high standards and quality work in loan service processes.
- Monitors and oversees all activities related to the loan servicing lifecycle from loan setup to post closing.
- Directs, motivates, and evaluates the performance of loan service team members.
- Analyze margin credit data and financial information to evaluate marginability of securities.
- Develop and implement credit risk policies to minimize losses.
- Monitor loan portfolio and identify potential risks.
- Prepare credit risk reports for senior management.
- Collaborate with other departments to manage credit risk.
- Ensure compliance with regulatory requirements and internal risk policies.
- Drive automation and improvement in risk management practices.
- Lead product development for the group.
- Participates in internal committees and industry groups to promote operational efficiencies and enhance knowledge.
- Leverage/promote use of technology to achieve operational efficiencies and mitigate risk.
What do you need to succeed?
Must-have
- Bachelor’s degree preferred or relevant experience.
- 5+ years’ experience at a wealth management firm showing progression supporting risk management for margin and other securities-based lending programs.
- Experience managing credit risk analysis of securities.
- Strong understanding of the margin regulatory and legal environments.
- Strong problem-solving skills.
- Strong communication skills.
- Strong interpersonal skills, including developing relationships with key internal and external partners.
- Strong ability to ask critical questions, anticipate problems/future needs, and take ownership.
- SIE Series 24, 7 and Series 63 licenses required or to be obtained within 90 days of employment start date.
- Demonstrated interpersonal effectiveness of working with a diverse set of departments across an organization.
- Demonstrated ability to adapt to changing business environments and adjust strategic plan, if necessary.
- Highly desired, but not required, experience leading product conversion to new provider.
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 $85,000-$150,000 (Minneapolis), $94,000-$165,000 (Chicago), and $110,000-$190,000 (New York) 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
Credit, Credit, Credit Analysis, Credit Risks, Customer Service, Decision Making, Ensure Compliance, Financial Information, Financial Statement Analysis, Group Problem Solving, Loan, Loan Servicing, Management Practices, Margin Calculations, Margin Lending, Mitigated Risks, Operational Efficiency, People Management, Performance Management (PM), Product Development, Regulatory Requirements, Relationship Management, Retail Banking, Retail Lending, Risk Management {+ 4 more}
Additional Job Details
Address:
250 NICOLLET MALL:MINNEAPOLIS
City:
Minneapolis
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-10-23
Application Deadline:
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
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.
Credit Risk Manager
Top Benefits
About the role
What is the opportunity?
Support RBC US Wealth Management’s management in reimaging our margin credit risk team, a key component of the cash and lending business. The Credit Risk Manager is a key team member leading the execution and implementation of margin risk management policies and procedures. The Credit Risk Manager will partner closely with internal and external partners ensuring the timely and successful implementation of multiple large and small-scale initiatives.
What will you do?
- Manages and maintains relationships with vendors, the IT department and end users regarding loan servicing software specifications and up gradation.
- Establishes internal policies and procedures on loan relationship management to ensure high standards and quality work in loan service processes.
- Monitors and oversees all activities related to the loan servicing lifecycle from loan setup to post closing.
- Directs, motivates, and evaluates the performance of loan service team members.
- Analyze margin credit data and financial information to evaluate marginability of securities.
- Develop and implement credit risk policies to minimize losses.
- Monitor loan portfolio and identify potential risks.
- Prepare credit risk reports for senior management.
- Collaborate with other departments to manage credit risk.
- Ensure compliance with regulatory requirements and internal risk policies.
- Drive automation and improvement in risk management practices.
- Lead product development for the group.
- Participates in internal committees and industry groups to promote operational efficiencies and enhance knowledge.
- Leverage/promote use of technology to achieve operational efficiencies and mitigate risk.
What do you need to succeed?
Must-have
- Bachelor’s degree preferred or relevant experience.
- 5+ years’ experience at a wealth management firm showing progression supporting risk management for margin and other securities-based lending programs.
- Experience managing credit risk analysis of securities.
- Strong understanding of the margin regulatory and legal environments.
- Strong problem-solving skills.
- Strong communication skills.
- Strong interpersonal skills, including developing relationships with key internal and external partners.
- Strong ability to ask critical questions, anticipate problems/future needs, and take ownership.
- SIE Series 24, 7 and Series 63 licenses required or to be obtained within 90 days of employment start date.
- Demonstrated interpersonal effectiveness of working with a diverse set of departments across an organization.
- Demonstrated ability to adapt to changing business environments and adjust strategic plan, if necessary.
- Highly desired, but not required, experience leading product conversion to new provider.
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 $85,000-$150,000 (Minneapolis), $94,000-$165,000 (Chicago), and $110,000-$190,000 (New York) 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
Credit, Credit, Credit Analysis, Credit Risks, Customer Service, Decision Making, Ensure Compliance, Financial Information, Financial Statement Analysis, Group Problem Solving, Loan, Loan Servicing, Management Practices, Margin Calculations, Margin Lending, Mitigated Risks, Operational Efficiency, People Management, Performance Management (PM), Product Development, Regulatory Requirements, Relationship Management, Retail Banking, Retail Lending, Risk Management {+ 4 more}
Additional Job Details
Address:
250 NICOLLET MALL:MINNEAPOLIS
City:
Minneapolis
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
WEALTH MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-10-23
Application Deadline:
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
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.