Job Description
Qualifications
10+ years of relevant experience in corporate banking, credit underwriting, or corporate finance with a focus on insurance
Strong understanding of U.S. insurance company structures, statutory and GAAP accounting, and regulatory capital frameworks
Experience working closely and collaborating with investment banking and global markets professionals
Proven origination track record with complex institutional clients
Ability to take initiative and function independently balanced with strong team skills
Maintain high standards of professional and ethical conduct
Demonstrated credit expertise and ability to lead underwriting from end-to-end
Excellent analytical, communication, and presentation skills with the ability to navigate internal approval processes and lead client discussions
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
Benefits
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
Opportunities to do challenging work
Opportunities to build close relationships with clients
The expected salary range for this particular position is $225,000 - $275,000, 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
Responsibilities
This position entails full accountability for both relationship management and credit underwriting, serving as a senior coverage officer for a portfolio of life & annuity, P&C, reinsurance and brokerage companies
The successful candidate will originate and structure corporate lending solutions, oversee credit execution, and drive cross-sell across RBC’s platform—including investment banking, equity capital markets, debt capital markets, global markets, and treasury services
The candidate will also help support the career development and mentorship of the team’s Analysts, Associates and Vice Presidents
This role reports to the Head of FIG Corporate Banking and works closely with partners across Capital Markets, Global Risk Management and Cash Management
Client Origination & Relationship Management
Own and manage a portfolio of U.S. based insurance clients and prospects; both IG and Non-IG
Develop strategic coverage plans and originate new lending opportunities using a holistic coverage model partnering across investment banking, global markets and cash management
Build and maintain senior-level relationships with client CFOs, treasurers, and heads of capital markets
Credit Underwriting & Execution
Lead credit structuring and approval for bilateral and syndicated lending facilities
Preparation of comprehensive credit submissions including financial, regulatory, and industry analysis aligned with RBC’s risk appetite.and other documentation related to the transaction approval process through closing and ongoing monitoring
Partner with the broader coverage team to lead business committee discussions, delivering a comprehensive analysis of the client’s credit profile, proposed transaction structure, and broader strategic relationship opportunities
Work closely with Credit Risk and Portfolio Management teams in the back and middle office to ensure timely execution, disciplined underwriting and credit adjudication
Reviews and guides the work of Analysts, Associates and Vice Presidents who provide secondary coverage to drive business and credit results
Risk & Portfolio Oversight
Maintain deep understanding of portfolio performance and proactively identify emerging risks ensuring timely updates on client, industry and market performance
Ensure compliance with regulatory standards, internal limits, and governance procedures
Engage peers in Risk Management in the application for credit and in subsequent administration and monitoring
Drives RBC’s high-performance culture
Enables collective achievement of our strategic goals
Generates sustainable shareholder returns and above market shareholder value
Job description
Job Summary
What is the opportunity?
RBC Capital Markets is seeking a high-performing Director to join our Financial Institutions Group (FIG) within U.S. Corporate Banking, focused on insurance clients. This position entails full accountability for both relationship management and credit underwriting, serving as a senior coverage officer for a portfolio of life & annuity, P&C, reinsurance and brokerage companies.
The successful candidate will originate and structure corporate lending solutions, oversee credit execution, and drive cross-sell across RBC’s platform—including investment banking, equity capital markets, debt capital markets, global markets, and treasury services. The candidate will also help support the career development and mentorship of the team’s Analysts, Associates and Vice Presidents. This role reports to the Head of FIG Corporate Banking and works closely with partners across Capital Markets, Global Risk Management and Cash Management.
Job Description
What will you do?
Client Origination & Relationship Management
• Own and manage a portfolio of U.S. based insurance clients and prospects; both IG and Non-IG.
• Develop strategic coverage plans and originate new lending opportunities using a holistic coverage model partnering across investment banking, global markets and cash management.
• Build and maintain senior-level relationships with client CFOs, treasurers, and heads of capital markets.
Credit Underwriting & Execution
• Lead credit structuring and approval for bilateral and syndicated lending facilities.
• Preparation of comprehensive credit submissions including financial, regulatory, and industry analysis aligned with RBC’s risk appetite.and other documentation related to the transaction approval process through closing and ongoing monitoring.
• Partner with the broader coverage team to lead business committee discussions, delivering a comprehensive analysis of the client’s credit profile, proposed transaction structure, and broader strategic relationship opportunities.
• Work closely with Credit Risk and Portfolio Management teams in the back and middle office to ensure timely execution, disciplined underwriting and credit adjudication.
• Reviews and guides the work of Analysts, Associates and Vice Presidents who provide secondary coverage to drive business and credit results
Risk & Portfolio Oversight
• Maintain deep understanding of portfolio performance and proactively identify emerging risks ensuring timely updates on client, industry and market performance.
• Ensure compliance with regulatory standards, internal limits, and governance procedures.
• Engage peers in Risk Management in the application for credit and in subsequent administration and monitoring.
What do you need to succeed?
• 10+ years of relevant experience in corporate banking, credit underwriting, or corporate finance with a focus on insurance.
• Bachelor’s degree in finance, economics, or related discipline (MBA or CFA preferred).
• Strong understanding of U.S. insurance company structures, statutory and GAAP accounting, and regulatory capital frameworks.
• Exposure to structured products preferred (surplus notes, funding agreements, reinsurance related letters of credit)
• Experience working closely and collaborating with investment banking and global markets professionals.
• Proven origination track record with complex institutional clients.
• Ability to take initiative and function independently balanced with strong team skills.
• Maintain high standards of professional and ethical conduct.
• Demonstrated credit expertise and ability to lead underwriting from end-to-end.
• Excellent analytical, communication, and presentation skills with the ability to navigate internal approval processes and lead client discussions.
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 $225,000 - $275,000, 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
Additional Job Details
Address:
BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK
City:
New York
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-05-21
Application Deadline:
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At 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.
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