Senior Underwriter, High Net Worth Tailored Lending

Job Description What is the opportunity? As a Senor Underwriter for our US Wealth Management High Net Worth Tailored Lending business you will be responsible for underwriting Tailored Loans to our clients in the US. These loans will include Securities Based Loans, Unsecured loans, Life Insurance Premium Financing, Commercial Real Estate, Residential Real Estate, Yacht, Aircraft, and other types of collateral. Additionally, you will have responsibility to contribute to annual reviews, amendments, waivers, and renewals. You will also work closely with the Loan Administration and Servicing teams to ensure deals are booked appropriately and covenants are monitored and tracked accurately. You will support other members of Tailored Lending underwriting team as well as RBC’s US HNW Tailored Lending Bankers and Financial Advisors by pre-screening proposed credit facilities and reviewing ‘flash terms” and term sheets to ensure they are aligned with the firm’s credit policies, risk appetite, and risk framework. What will you do? Partner with HNW Lending Bankers, Financial Advisors and senior members of the underwriting team to review tailored loan credit requests; provide guidance and feedback on initial flash terms and term sheets Perform initial credit due diligence, spread financial data, and run credit models to propose initial borrower and guarantor risk ratings and loss given defaults Draft ETRs (Credit Memos) summarizing credit requests, sources and uses, primary and secondary sources of repayment, key risks and mitigants, and ultimate credit recommendation Keep HNW Lending Advisors informed of underwriting progress and immediately notify them of adverse issues and needed structural changes Work with lender’s counsel to ensure loan documentation properly reflects agreed business terms and conditions Prepare materials and participate in Approval To Pitch and Capital Commitments Committees Liaise with Group Risk Management and obtain decisions that fall outside of delegated authority Partner with loan servicing team to ensure loans are properly booked and funded Review periodic financial disclosures, participate in annual or interim reviews, loan renewals, as appropriate, maintaining timely and accurate risk ratings and classifications Review covenant compliance reporting and work with HNW Lending Bankers, FAs, Clients and GRM to promptly action any breaches Partner with Reporting and Analytics teams to develop and present quarterly portfolio reviews What do you need to succeed? Must-have Bachelor’s degree preferably in Finance, Economics, Business or a related field 5 or more years of prior credit risk experience, ideally covering wealth management in the US Prior experience in private client, commercial or corporate account management, credit administration and/or risk management Familiarity with various forms of UHNW tailored loans including Securities Based Lending, recourse commercial real estate, Life Insurance Premium Financing, and Alternative Investments A proven record of sound risk assessment, analytical skills, and judgment A demonstrated ability to pro-actively develop and implement policies and procedures that meet US regulatory expectations and a full knowledge of the process inherent therein Process oriented to help drive efficiencies while ensuring effective controls are developed and adhered to A team player with good interpersonal skills, and ability to work directly with Lending Advisors, Financial Advisors, clients, risk officers, operations, internal auditors and regulators Excellent organizational skills and the ability to tight timetables, completing priorities and multi-tasking Availability to travel: 10-15% of the time 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. A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off. 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. Opportunities to build close relationships with clients. The expected salary range for this particular position is $70,000-$130,000, depending on your experience, skills, and registration status, market conditions and business needs. You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals. RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that: Drives RBC’s high-performance culture Enables collective achievement of our strategic goals Generates sustainable shareholder returns and above market shareholder value Job Skills Client Counseling, Coaching Others, Communication, Financial Statement Analysis, Life Insurance, Medical Informatics, Performance Management (PM), Results-Oriented, Risk Assessments, Underwriting Additional Job Details Address: 1211 6TH AVENUE:NEW YORK City: New York Country: United States of America Work hours/week: 40 Employment Type: Full time Platform: WEALTH MANAGEMENT Job Type: Regular Pay Type: Salaried Posted Date: 2026-04-17 Application Deadline: Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above Our Employment Opportunities At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. 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 jobs.rbc.com. RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail. Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.‎ We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.