Associate, Investment Diligence

Royal Bank of Canada - Charlotte, NC

Full-time - Mid Level

Charlotte, NC

Credit Intermediation and Related Activities

About the position

The Investment Diligence Associate will support the Originations Management team within RBC Community Investments, focusing on managing due diligence for real estate transactions that include a tax credit component. This role involves coordinating with various stakeholders to ensure timely and efficient closings, while also identifying operational risks and ensuring compliance with firm policies.

Responsibilities

• Manage and review due diligence for real estate closings.
• Prepare and maintain the closing checklist, communicating with outside counsel and company staff regarding review status.
• Coordinate and lead diligence calls with developers, counsel, Investment Analysts, and Investment Managers.
• Order background searches as required by Group Risk Management.
• Provide developers with up-to-date form documents.
• Coordinate the closing process with counsel, Investment Analysts, Investment Managers, developers, and lenders.
• Contact developers and outside counsel to obtain items on the post-closing agreement.
• Communicate openly and honestly with all parties involved in each transaction, prioritizing diligence items with the most lead time.
• Participate in training events for the department as needed.
• Proactively identify operational risks and control deficiencies in the business.
• Review and comply with Firm Policies applicable to business activities.
• Escalate operational risk loss events and control deficiencies to the line manager and relevant risk and control functions.

Requirements

• Mid-level experience in risk management or related field.
• Strong communication and coordination skills.
• Ability to manage multiple tasks and prioritize effectively.
• Experience in real estate transactions, particularly with tax credit components.

Nice-to-haves

• Experience with due diligence processes in real estate.
• Familiarity with tax credit financing.

Benefits

• Hybrid work arrangement.
• Comprehensive Total Rewards Program including bonuses and flexible benefits.
• Competitive compensation and commissions.
• Opportunities for professional development and coaching.
• Dynamic and collaborative work environment.