2024 Fall - GRM, Environmental & Social Risk Intern (8 Months)

As an Analyst, Environmental & Social Risk within the Environmental & Social Risk Management team you will play a key role in implementing and delivering solutions to business risk and disclosure requirements and providing support to the wider E&S Risk team in integrating environmental & social risk data into our risk management and monitoring processes.

This is a new and evolving focus area, providing the opportunity to develop innovative approaches to address complex problems and support a dynamic and exciting team. In this role, you will be supporting E&S regulatory compliance, disclosure, data delivery and risk integration; undertaking analysis, improving environmental & social data processes and providing support to data delivery and environmental and social risk integration work; and working to advance RBCs capabilities in the measurement of climate risk and delivery of climate risk insights across the enterprise, to support senior-level decision-making.

What is the opportunity?

As an Analyst, Environmental & Social Risk within the Environmental & Social Risk Management team you will play a key role in implementing and delivering solutions to business risk and disclosure requirements and providing support to the wider E&S Risk team in integrating environmental & social risk data into our risk management and monitoring processes.

This is a new and evolving focus area, providing the opportunity to develop innovative approaches to address complex problems and support a dynamic and exciting team. In this role, you will be supporting E&S regulatory compliance, disclosure, data delivery and risk integration; undertaking analysis, improving environmental & social data processes and providing support to data delivery and environmental and social risk integration work; and working to advance RBCs capabilities in the measurement of climate risk and delivery of climate risk insights across the enterprise, to support senior-level decision-making.

What will you do?

• Work as part of the broader E&S Risk team to align and coordinate management and monitoring of E&S Risk across environmental, climate and social topics.
• Assist in the implementation of RBCs E&S risk policies and procedures, and as part of a team, work to keep RBC informed of emerging E&S issues that could lead to credit, reputational or legal risk including the research of various ESG / climate regulations and requirements.
• Complete due diligence reviews on financed properties to evaluate environmental, regulatory, and reputation risks.
• Conduct analysis on large datasets to determine and communicate insights to key stakeholders.
• Support internal and external climate data disclosures (e.g. the RBC Annual Report, ESG Performance Report, TCFD Report, industry disclosures, shareholder requests, rating agency data requests, etc.) including in respect of carbon-related assets, financed emissions and scenario analysis.
• Support the development of E&S Risk educational material and coordinate the sharing of that information internally by arranging presentations and training sessions.

What do you need to succeed?

Must-have

• Must be currently pursuing a relevant degree in Science, Math, Statistics/Actuarial Sciences, Computer Science, Engineering, Environmental, Economics or another quantitative discipline (College, Undergrad, Master's or PhD).
• Experience developing presentations, visualizations and dashboards for senior executives (e.g. PowerPoint, Tableau) and in interest in developing advanced analytical capabilities
• A passion for learning, an inquisitive spirit and a self-starter.
• Excellent written and verbal communication skills.
• Open to multi-tasking and moving from task to task as we work under tight timelines and wear multiple hats.
• Experience analyzing and manipulating large data sets using querying tools with the ability to transform business goals into requirements. Programming skills and knowledge of Python or R is considered an asset.
• Commitment to quality and accuracy with a high level of attention to detail.

Nice-to-have

• Knowledge of and experience of climate risk including climate change science, development and use of climate change scenarios, models, projections, and data.
• Demonstrated ability in mathematical, statistical, financial or economic analyses on large, complex datasets and in translating data into business insights.
• Understanding of banking and commercial lending and/or risk management in the financial industry
• Experience working with a diverse range of stakeholders.

Whats 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.

• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work and make a difference
• Opportunities to building close relationships

Please note:This posting is for a 8-months Fall 2024 Student placement with a start date of September 2024, and end date of April 2025. In order to be eligible for this 4-months Student position, you must either:

• Be returning back to school after the work term end-date of April 2025 ; or
• If you are not returning back to school (i.e. are graduating in April 2025), you must require the full 4-months work term as a mandatory component to in order to graduate successfully.

Please ensure that you meet these eligibility requirements before applying- candidates who apply but are found to be ineligible are not able to be considered.

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is June 3, 2024. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangementsfor this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.

ET24

Banking, Banking Industry, Business Risks, Climate Policy, Communication, Computer Literacy, Data Analytics, Data Delivery, Detail-Oriented, Interpersonal Relationships, Large Group Presentations, Listening Effectively, Regulatory Compliance, Researching, Risk Management, Social Responsibility, Statistics, Sustainability, Taking Initiative

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTStudent/Coop (Fixed Term)Salaried2024-05-102024-06-03

Inclusion and Equal Opportunity Employment