Securitization Financing Portfolio Management – Analyst

Job Description

This role is part of Securitization Financing Portfolio Management (SFPM), a closely integrated, cross‑functional specialized team that provides various critical functions to RBCCM’s Securitization Finance business within Global Markets. SFPM provides transactional execution support in the US, Canada, Europe and APAC for securitization transactions 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.

SFPM also provides ongoing at least monthly (some transactions daily) complex collateral monitoring, administration and reporting on a large and diverse portfolio of bespoke private securitization transactions across 25+ asset classes for over 125 clients. SFPM also performs daily management of all aspects of seven individual finance companies of which six are separate and distinct from RBC, providing funding to clients through the US & CAD ABCP markets.

SFPM is a centre of excellence in supporting structured finance transactions; this role will include operational, compliance, project management, front‑office origination, finance/accounting responsibilities and compiling data for internal and external constituents and performing a variety of administrative functions to ensure compliance with applicable by‑laws, transaction legal documents and internal policies and procedures.

• Work with fellow SFPM team members to oversee and coordinate day‑to‑day management of two US RBC‑administered ABCP conduit programs.
• Serve as first line of defence for ongoing collateral monitoring for designated transactions; identify any portfolio aberrations, deterioration or breaches of deal triggers.
• Assist in creating and maintaining custom seller report templates used to validate collateral reporting and borrowing base compliance and to track and store historical portfolio information.
• Enter key monthly portfolio statistics into the securitisation collateral tracking systems to monitor risk in each transaction, recalculate important metrics on the client report and produce reporting.
• Produce, review, finalise and distribute periodic reporting to commercial paper investors, rating agencies, risk management and other internal and external constituents.
• Help set portfolio administration standards and metrics to be monitored, and develop procedures and processes to ensure consistent and accurate reporting for both new and existing transactions.
• Coordinate and lead deal closing and funding meetings with all relevant parties.
• Participate in due diligence meetings for new and existing clients.
• Review deal AUP audit reports and follow up with Origination team on findings.
• Assist with the annual external audits of the two US ABCP conduits and periodic internal/external business audits.
• Develop knowledge of transactions and understanding of legal documents to populate and maintain deal data in KME proprietary application.
• Review administration sections of legal documentation, including loan agreements and fee letters, to ensure proper booking and administration of the transaction.
• Ensure required deal‑related documentation is retained.
• Facilitate with Origination team the onboarding of new client or refresh of existing client for AML/KYC.
• Work with internal and external business partners to resolve operational or other issues.
• Participate in projects to implement new products, transaction types or expansion of existing products to new jurisdictions; projects may also include enhancement to processes or systems.
• 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 promptly to line manager and relevant risk and control functions.

• MBA or undergraduate degree in finance, economics, accounting or mathematics preferred but not required.
• 1‑3 years of prior securitisation experience at a financial institution, rating agency, issuing client or buy‑side firm preferred but not required.
• Solid understanding…