Investment Associate

About the Role

RBC Capital Markets is the global investment banking arm of the Royal Bank of Canada (RBC). RBC Community Investments is a leading national syndicator of tax credits, including State and Federal Low Income Housing Tax Credits (LIHTCs), Historic Rehabilitation Tax Credits (HRTCs), New Market Tax Credits (NMTCs) and Renewable Energy Tax Credits (RETCs). The Renewable Energy Investment Associate will have primary responsibility for providing support to the RETC originations platform. This role ensures new deal structuring and pricing, business and credit approval of transactions, closing execution, and ongoing financial modeling support post-closing of RBC’s investments in and syndication of renewable energy tax credit transactions. The RETC Associate will work closely with all levels of personnel assigned to the group, as well as internal RBC partners.

Key Responsibilities

• Provide business approval and credit support necessary for the origination and closing of RETC transactions, including identifying and managing risk appropriate with renewable energy investments.
• Provide financial modeling and analysis throughout the life cycle of RETC transactions – lower tier and upper tier.
• Perform due diligence of investment opportunities under the guidance of senior RETC personnel, including KYC procedures, reviewing tax equity documents, attending site visits (as assigned), and analyzing detailed third-party reports (insurance reports, independent engineering studies, appraisals).
• Support management and negotiation of transactions through the Closing Date and final-true up / stabilization. Serve as primary or secondary point of contact with the Sponsor in each transaction until the transaction stabilizes.
• May be responsible for the deployment of equity pursuant to the partnership operating agreement requirements surrounding collection of all Conditions Precedent. Collect and review funding requirements for accuracy and compliance with documents. Preparation of the Equity Request and circulation of the completed package to the Portfolio Manager and Community Investments Controller for review and approval.
• Provide oversight of transactions by analyzing performance data on a monthly, quarterly, or annual basis, as applicable. Provide technical assistance in project performance and managerial strategy to ensure the continuous flow of tax credit benefits and cash flow.
• Expedite the receipt of financial and operational information for each transaction and/or Sponsor on a monthly, quarterly, and annual basis, as applicable. Identify data and information that implies a developing pattern of problems and elevate to management the need for further investigation.
• Support of financial modeling and disposition analysis at the end of the credit period or other dissolution event.
• Develop and maintain relationships with existing Sponsors and others in the RETC industry to ensure the flow of current and relevant information.
• Proactively identify and escalate operational risk loss events, control deficiencies, and risks to your line manager and the relevant risk and control functions on a timely basis.
• Review and comply with Firm Policies applicable to your business activities.

Requirements & Tech Stack

• Bachelor’s Degree, preferably in Finance or Accounting.
• Renewable energy project finance experience and excellent quantitative and analytical skills are essential.
• Specific tax equity experience preferred.
• Proficiency in MS-Office applications is required.

Qualifications

• Adaptability
• Critical Thinking
• Customer Service
• Detail-Oriented
• Financial Engineering
• Financial Statement Analysis
• Investments Analysis
• Personal Development
• Personal Initiative
• Teamwork

Location: BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET, NEW YORK, New York, United States of America

Work hours/week: 40

Employment Type: Full time

Platform: CAPITAL MARKETS

Job Type: Regular

Pay Type: Salaried

Posted Date: 2026-09-29

Application Deadline: Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above.

Expected salary range: $140,000 - $150,000 (depending on experience, skills, registration status, market conditions, and business needs)

Additional compensation potential through RBC’s discretionary variable compensation program.