RBC
Senior Manager, Real Estate Middle Office (REMO)
This job is now closed
Job Description
- Req#: R-0000064102
- Apply sound judgement to approve transactions that fall outside of guidelines, while protecting against risk and procedural gaps.
- Identify potential risks and work with Commercial Account Managers (CAM), Group Risk Management (GRM) and National Office teams to resolve them.
- Apply oversight and procedures to ensure compliance to terms and conditions of the loan and other agreements between the Bank and the client
- Review and verify approved Pre-Disbursement Conditions, AML and authorized signatories, to authorize draw advances within approved authorities for new construction projects.
- Use bank policies/guidelines and judgement to manage assigned projects/clients within the bank’s real estate construction portfolio.
- Assess and articulate construction risks of assigned projects/clients and refer deteriorating/high risk situations to the Director/Sr. Director, Real Estate Middle Office.
- Maintain a tracking and reporting system to reflect the most recent information of assigned projects/clients.
- Work closely with Commercial Banking Centers, Group Risk Management, Commercial Advisory Group, Law Group and the Business Service Centre/BLOG. Liaise with clients, lawyers, and Project Monitors, to assist with advancement of draws or the initial legal structure of a deal.
- Previous commercial lending experience
- Strong knowledge of commercial credit rules and guidelines
- Ability to prioritize and manage competing demands from various groups with which the real estate middle office interacts
- Ability to balance putting “Client First” and ensuring that standards are maintained and deliverables are provided
- Professional oral and written communication skills
- Sound judgement and critical thinking skills
- Ability to work effectively in an interactive team environment
- Commercial Account Management or Commercial Credit adjudication experience.
- GRM experience.
- Competitive Compensation
- A professional and supportive team environment
- A comprehensive training program on internal processes and systems
- Career progression if you have what it takes to be the best.
Come Work with Us!
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.
Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.Senior Manager, Real Estate Middle Office (REMO)Job Title
Job Description
What is the opportunity?
You will provide risk oversight for large Club/Syndicate and Bilateral complex real estate transactions over $7.5MM. You will provide prompt attention to client draw requests and interact with RBC partners and external groups. You will manage an assigned portfolio in accordance with policies and procedures and mitigate risk for RBC’s real estate and construction financing projects.
Please Note: This position is a hybrid work environment opportunity.
What will you do?
What do you need to succeed?
Must-have
Nice-to-have
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.
RBC is committed to supporting flexible work arrangements when and where available. Details to be discussed with Hiring Manager.
Job Summary
VANCOUVER MAIN BRANCH (B), 1055 GEORGIA ST W:VANCOUVERAddress:
CAN-BC-VANCOUVERCity:
CanadaCountry:
37.5Work hours/week:
Full timeEmployment Type:
Personal and Commercial BankingPlatform:
RegularJob Type:
SalariedPay Type:
2023-07-18Posted Date:
2023-09-09Application Deadline:
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent Community
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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 rbc.com/careers.About the company
Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Com...