Careers at Royal Bank Of Canada
There are many business areas that potential employees could work in at RBC, including:
- Personal and Commercial Banking
- Wealth Management
- Capital Markets
- Investor and Treasury Services
- Technology and Operations
- Corporate Functions
- RBC Ventures
Although headquartered in Canada, the global operations of RBC means that there are offices in the US, Asia Pacific, and Europe.
Internships, co-ops and graduate placements are available in a number of business paths, with opportunities for international rotations and different career options. Entry-level roles are suitable for those still in school or who have recently graduated, and those that are changing careers or lifelong learners.
In each early career path, whether it is an internship, graduate, or summer program, learning and development happens throughout – with input from mentors, experts and industry professionals.
Graduate and student career programs are available in a range of business streams, including Investor Services, Analyst, and Indigenous Programs.
RBC Amplify Program
The Amplify program is an intensive summer innovation program that puts students into teams of four to develop a product that could solve a business problem. A great opportunity for students interested in a career as a business analyst, developer, or data scientist.
RBC Career Launch
The Career Launch program is a one-year paid internship that has three rotations: support RBC clients; support a local charity; and support a business unit. To be eligible for this, candidates need to be under 24, a recent graduate, and eligible to work in Canada.
RBC Leadership Development Program
This accelerated two-year development program is designed to create and mould leaders in one of five different business streams. There are four six-month rotations in the program, allowing candidates to collaborate with leaders on complex assignments, while developing skills through formal training.
The streams that are available include:
- CFO (the RBC Global Finance organisation)
- Internal Audit
- Group Risk Management
- Personal & Commercial Banking
For these business streams, candidates must be a Master’s-level graduate, have 3+ years of working experience, and exceptional communication skills.
Chartered Professional Accountant (CPA) Program
The CPA Pre-Approved Program offers a 30-month blend of specialised training and wide exposure to CPA experience, ready for the CFE exam.
Through this program, candidates spend 15 months in Internal Audit, and 15 months in Finance with close mentoring from the program manager, a mentor, and sponsors throughout.
Students receive a competitive compensation package and benefits, as well as a subsidy to complete a graduate diploma in accountancy. There are opportunities for an additional rotation in New Jersey, London, or Luxembourg.
To qualify, candidates need to be in the final year of their studies at Bachelor’s, post-grad, or Master’s level, with top-quartile standing, leadership and communication skills, as well as relationship-building experience.
Royal Bank Of Canada Application Process
Roles are highly competitive, especially for graduate and internship programs. Understanding the application process will help ensure that you are able to compete for the position that you want.
RBC online application
The online application starts with a simple account creation. This will include contact information and provision to upload a resume. Cover letters are not needed, though you can include one as an additional document if you want.
Roles open throughout the year, with many graduate and internship opportunities recruiting in the summer for the following academic year. If you are successful, the recruitment team will be in contact within ten days.
RBC Aptitude Tests
After your application is received, if you meet the basic criteria for the program of your choice you will be sent a link to complete some online assessments. Each role has different requirements, so the tests will differ depending on what you have applied for.
The tests must be completed within the given timeframe, and there will be full instructions given alongside practice questions.
These tests are not about your experience or learning, but rather about your innate abilities and how you learn.
RBC verbal reasoning test
The verbal reasoning test is an assessment of your ability to quickly read, understand and analyse information in text.
These are usually paragraphs of information in formal, business language, which are followed by one or more questions about the text. The answers are multiple choice, and this assessment is usually timed.
RBC situational judgement test
In a situational judgement test, candidates are provided with a realistic work-based scenario that has more than one potential outcome. You will be presented with a common business problem and need to decide on the most appropriate course of action to take.
This is an assessment of your work behaviour and decision-making skills, looking at how you solve problems based on limited information.
This can also be a strengths-based assessment, which combines a number of different types of questions that test your skills in problem-solving, logic and information processing.
RBC numerical reasoning test
The numerical reasoning test is not a math test as such; instead, it is an assessment of the way you apply basic mathematical knowledge to answer questions. In a numerical reasoning test, you will be presented with numerical data in the form of tables and graphs, and you will be asked questions based on that information.
The calculations that need to be made are simple and straightforward, and there are multiple-choice answers.
In the assessments, there are some sections that are timed, and some that are not. Your score on the tests that you take will be used in conjunction with your application form.
For student and graduate roles, you will receive a feedback report on your performance in the test.
Once completed, the recruiter will contact you with information about the next step in the application process – in this case, an interview.