Vice President – Securitization Financing Portfolio Management and Administration

Vice President – Securitization Financing Portfolio Management and Administration

Requirements

• Minimum 7-10 years of relevant securitization experience highly preferred.
• BS in finance, accounting, or related subject.
• Possess strong written and oral communication skills.
• Ability to prioritize and effectively manage a large workload in a high-pressure environment.
• Ability to multi-task with little supervision.
• Ability to inter-act effectively and establish good working relationships with both RBC staff and external constituents.
• Ability to manipulate large data sets.
• High proficiency in Microsoft Word, PowerPoint & Excel.
• Demonstrated analytical and problem-solving skills.

Responsibilities

• Develop understanding of all aspects of the Securitization Financing Product.
• Lead all internal and external audits of the Securitization Financing business.
• Act as lead contact and follow up on any findings.
• Prepare Going Concern and Related Party Analysis and any other memos requested by external auditors.
• Review the RBC Administered Conduit audited financial statements and footnotes prior to execution.
• Responsible to follow up on compliance related information in relation to Securitization Financing business.
• Prepare and maintain Delaware Representative Office requirements.
• Maintain relationship with Conduit First Loss Investor and ensure or complete all required reporting, oversee quarterly payment process and lead annual extension process.
• Assist with leading efforts to define and implement support of new products or programs and ensure PMA and other RBC constituents are educated to provide support.
• Actively participate in review of new or amendments to existing RBC Administered conduit legal documents.
• Maintain form of Transaction Request used by Securitization Financing Origination for submission to Group Risk Management for credit approval for transactions.
• Prepare forecasting and plan detail for Securitization Financing platform.
• Review administration sections of legal documentation, including fee letters, to make sure infrastructure can support booking and proper product administration.
• Responsible to understand enterprise-wide impact of any new vehicles or new structures, including regulatory, compliance, accounting, tax, and operational implications.
• Responsible to make sure RBC’s books and records and disclosures for the Product are correct by preparing and or reviewing various reconciliations and reviewing files prior to submission to Finance.
• Main contact for review and approval of RBC’s Report to Stockholders and Annual Report disclosures for the Securitization Financing platform.
• Prepare Sponsorship Checklists for all commitments funded on the balance sheet and for any RBC Administered Conduits.
• Prepare quarterly information for IFRS 9 Execution and Analytics Group in order for ECL calculations to be performed.
• Maintain Volker Database.
• Track all Product metrics/limits/targets required to be monitored.
• Proactive member of writing, submitting, and presenting any NBCs or other approval processes required for the business.
• Work closely with Finance and APG in order to understand accounting pronouncement that affect our business and communicate to Securitization Financing.
• Prepare and coordinate review by Origination staff of any templates required by Finance and APG in order to properly reflect exposure in RBC’s records.
• Prepare training presentations for operational groups that support the product for example Finance, KYC/AML groups.
• Play an oversight function to the onboarding of clients and provide guidance and backup for the process if required.
• Play an oversight role to all aspects of the support of the Securitization Financing business.
• Document procedures for all activities that are under this role’s responsibility.
• Foster an environment of teamwork and partnership amongst Securitization Finance team and internal and external business partners.
• Proactively identify operational risks/control deficiencies in the business.
• Review and comply with Firm Policies applicable to your business activities.
• Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions promptly.

Preferred Qualifications

No preferred qualifications provided.