Analyst, Alternate Finance Portfolio Management and Administration

Job Description

• This role is part of Portfolio Management and Administration team (PMA), which is a closely integrated, cross-functional specialized team that provides various critical functions to different business lines within RBC Capital Markets and Central Funding.

  
  PMA provides transactional execution and administrative support for Securitization Financing transactions globally (Unites States, Canada, Europe, and Australia which are either funded directly on RBC’s balance sheet or via the issuance of commercial paper by one of seven multi-seller RBC administered commercial paper conduits.
  
  Within Alternate Finance PMA also supports three key business lines: (1) CLO Warehousing, (2) Term Loan Financing and (3) Private Credit Finance. This position will provide both administrative and oversight functions for the various financing structures. Responsibilities will include reviewing legal documents, facilitating client fundings and repayments, reconciling P&L and ensuring RBC’s books and records accurately reflect exposures. Oversight duties also involve ensuring proper internal transaction approvals are obtained, monitoring warehouse loan activity against internal limits and confirming that proper documentation is retained.
  
  PMA is a center of excellence in supporting structured finance transactions, and this role will also include nuances of operational, compliance, project management, communicating with operational groups across RBC to ensure proper accounting, recording and reporting of transactions, compiling data for internal and external constituents. The roles also entail and performing a variety of administrative functions to ensure compliance with applicable by-laws, transaction legal documents and relevant RBC Enterprise Wide policies and procedures.

Hiring Requirements

• What will you do?

  As a Junior Transaction Execution Team Member:

  • Facilitate AML/KYC on-boarding of new clients with FO origination Team, external legal and Client.

  • Working with origination and senior team members, develop knowledge of transactions and understanding of legal documents to be able to populate all static data for new client in CCMS and LoanFin proprietary application.  Make sure all data is accurate and complete.

  • Review and validate funding/wire details at closing, and in all subsequent funding request from clients and communicate details to GLA as required. 

  • Review and validate interest revenue on RBC’s general ledger and distribute client invoices.

  • Review administration sections of transaction legal documentation, including fee letters, to help ensure RBC can book and properly administer the transaction as described in the agreements. 

  • Participate in due diligence meetings, where possible.

  • Ensure appropriate internal business partners are informed of new transactions (i.e. Product Control, Financial Control, /Legal,Capital Measurement)

  • Ensure transactions comply with RBC Policies and Procedures before closing.
     

  As a Junior Portfolio Manager for designated products:

  • Develop a thorough understanding of the transactions (know similar or different features compared to other transactions in your portfolios), the portfolio report, portfolio characteristics and credit enhancement calculations in each transaction to help ensure accurate capture and reporting of deal performance to all business constituents.

  • Help set portfolio administration standards and metrics to be monitored and develop procedures and processes to help ensure consistent and accurate reporting for both new and existing transactions. 

  • Develop a thorough understanding of the transactions (know similar or different features compared to other transactions to facilitate SPV reporting (i.e. Volker Repository, SPE Sponsorship checklist and Defacto Control Macro Template).

  • Where applicable, work with internal and external business partners to resolve operational or other issues.

  • Help ensure required deal related documentation is retained, including transaction legal documents, borrowing and paydown notices, and client invoices.

  As Transaction Support Administrator:

  • Responsible to coordinate and ensure proper transaction approvals are obtained for all transactions (i.e. ComCom scheduling & approval, GRM, Catena, KYC).

  • Set-up/input transaction and entity data properly in RBC systems (i.e. CCMS, Fenergo), and transaction details are communicated to operational support teams. 

  • Maintain the Facility Authorized Amount in CCMS, based off of equity in the structure and pending underlying collateral trades as the regulatory capital is keyed off this amount.