Job DescriptionRBC Capital Markets is a part of the Royal Bank of Canada, one of the largest providers of financial services in the world. RBC ranks among the top five banks in North America by market capitalization and has one of the highest credit ratings of any financial institution in the world.The Real Estate Corporate Banking (RECB) platform was created within RBC as the bank’s principal lending platform focused on real estate finance products supporting institutional firms and top tier operating partners. Our mandate includes the origination of all aspects of credit capital to finance all major commercial real estate product types, principally in Canada, but including the US, Europe and other regions where our clients operate.RECB provides comprehensive debt capital market solutions for the world’s premier real estate owners and sponsors, focusing on groups with significant operating experience, capital, market knowledge, and a history of success. The three core client types that RECB markets to are as follows: (i) publicly traded real estate investment trusts; (ii) Canadian pension fund subsidiaries which are focused on commercial real estate ownership and management (principally, the wholly owned subsidiaries of the “Maple 8” pension funds), and (iii) real estate private equity and asset management clients. With a small team of dedicated professionals, RECB presently oversees a loan portfolio of ~C$11.5B of commitments.As a unit of one of the world’s leading banks, RECB leverages our strong capital base and business relationships to facilitate investment opportunities for our institutional clients through the provision of the major forms of credit: secured and unsecured revolving credit facilities, secured and unsecured term loans, capital call / subscription receipt facilities, construction loans, commercial mortgages, bridge financing (acquisition loans, bridges to debt / equity financing) and derivative facilities.What is the opportunity?RECB is seeking a co-op/intern to its team for Summer 2026. Analysts work on deal teams within the group to help evaluate, underwrite and structure senior debt investments in the commercial real estate space. Analysts would be involved across all levels of a transaction with a particular focus on financial analysis, valuation, and market research. These positions provide significant exposure to full time analysts and associates, as well as senior members of the RECB and broader RBC Capital Markets team.As an Summer Analyst you will benefit from the support of a mentor, in addition to ongoing informal mentoring from all team members. The program also features a number of social events to facilitate networking and to discuss career opportunities.Tasks/Responsibilities:Perform valuation analysis using various methodologies, including discounted cash flow, multiples valuation, and transaction comparablesParticipate in building detailed financial models to evaluate real estate performance under various operating scenarios and to analyze the impacts of various capital structuresPrepare presentation materials for use in committee meetings, covering topics such as deal-level strategy, market overviews, and commercial real estate activityParticipate in all stages of the origination of real estate debt transactions, from due diligence to closingCoordinate efforts with deal team members and capital markets colleaguesWhat do you need to succeed?Excellent quantitative, analytical and communication skillsHigh proficiency in computer applications such as MS Excel, Word, and OutlookAbility to manage multiple competing priorities and assume a high level of responsibilityStrong team player attitudeAbility to function in a fast-paced and challenging environmentWhat’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.Leaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamIn order for your application to be considered, please upload your COVER LETTER and RESUME as ONE PDF FILE.We thank all interested candidates; however, only those selected for an interview will be contacted.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.Job SkillsAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TorontoCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: CAPITAL MARKETSJob Type: Student/Coop (Fixed Term)Pay Type: SalariedPosted Date: 2025-09-03Application Deadline: 2025-09-18Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt 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 CommunityStay 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 .
