Senior Manager overseeing risk for complex real estate transactions over $7.5MM at RBC. Managing portfolios while ensuring compliance and interaction with various stakeholders.
Responsibilities
Provide risk oversight for large Club/Syndicate and Bilateral complex real estate transactions over $7.5MM
Provide prompt attention to client draw requests and interact with RBC partners and external groups
Manage an assigned portfolio in accordance with policies and procedures and mitigate risk for RBC’s real estate and construction financing projects
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
Requirements
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
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