What RBC CA Does: RBC provides personal and commercial banking, wealth management, insurance, investor services, and capital markets products and services on a global basis.
Mission: To be among the world’s most trusted and successful financial institutions.
Size and Presence: RBC serves over 17 million clients and has more than 89,000 full- and part-time employees worldwide.
Best Known for: Providing banking, insurance, and other financial services to a wide range of clients.
The Good Bits: RBC cultivates an environment where people with diverse skills and backgrounds come together to make a team. The bank is known for its high-performance work environment and is among the group of highly rated global banks.
The Not-So-Good Bits: Though RBC has a good work culture, banking isn’t for everyone and demands a specific skill set and qualification.
Founded in 1864 in Halifax, Nova Scotia, the Royal Bank of Canada (RBC) is a Canadian multinational financial services company. The bank is headquartered in Toronto with its head office in Montreal. In 2017, the bank was added to the Financial Stability Board’s list of Global systematically important banks.
In Canada, the bank’s personal and commercial banking operations are branded as RBC Royal Bank in English and RBC Banque Royale in French. The bank serves around 10 million clients via its network of 1209 branches. In 2011, NBC was the largest Canadian company via revenue and market capitalization.
The Bank sponsors many cultural events such as the Toronto International film festival, and the NBC Taylor Prize, and also hosts a yearly Canadian Women Entrepreneur Award. It is also one of the largest sponsors of amateur sports in Canada and is the longest-running Canadian sponsor of the Olympic Games.
RBC believes in bringing all networks together to tackle the big real-world issues of today and tomorrow. The bank embraces diversity and inclusion as the teams have members from different backgrounds, qualifications, and perspectives. It is a diverse workplace where everyone is encouraged to bring their true self and work to the best potential.
The bank has several programs for employees such as Persons with Disabilities, Indigenous Peoples, Newcomers to Canada, LGBTQ+, Gender Diversity, and Black Talent Inclusion. It welcomes different backgrounds and experiences.
Royal Bank of Canada (RBC) generally follows a three-stage hiring process, including an application, online assessment, and interview. However, there may be more rounds or assessments depending on the type of job role and its complexity. The selection process may take around 2 weeks.
Apart from the full-time positions, RBC offers numerous opportunities to students and recent graduates. The bank believes that the transition from student to professional can be challenging and that’s why it offers internship programs and early career opportunities to candidates looking to kick-start their careers.
The bank provides Co-ops & Internships, New Graduate Rotational Programs, and Diversity Programs. It also provides the opportunity to learn proven job search skills to help candidates increase their chances to get a good job. Apart from jobs in Canada, the bank also has branches across the globe.
There are many jobs under heads like Audit, Compliance, Legal, Customer Service, Client Advice, Sales, Human Resources, Finance, Accounting, Marketing, Communications, Operations, and others. Candidates looking for jobs with a prestigious bank can visit RBC’s official website to check all open positions.
The average estimated annual salary paid by RBC to its employees in Canada is C$ 64,476. Salaries range from an average of C$ 40,487 to C$ 103,667 a year. The average salary of a Business Manager is around $200,000.
RBC has contributed $130 million globally in 2019 to approximately 5,000 community and charitable organizations. The bank also has several programs dedicated to a social cause and encourages all team members to contribute towards them.
From the environmental front, RBC is building more inclusive and sustainable economies. It developed programs like RBC Future Launch and RBC Race for the Kids to help communities.
Moreover, the bank supports athletes from the playground to the podium. It also supports artists and helps build vibrant communities.
In October 2022, Canada’s Competition Bureau launched an investigation into the Royal Bank of Canada (RBC) based on allegations that it has misled customers about its commitments to climate action. The federal law enforcement body has commenced the investigation on behalf of six Canadian residents.