What It Does: Through a purposeful and principled approach to service delivery, they help their customers flourish and communities grow.
Mission: RBC's mission is to foster the growth and prospering of its clients and communities by sharing its resources in a purposeful and principled way.
Size and Presence: More than 13,000 across 11 locations.
Best Known For: RBC is one of the major financial service pillars in North America providing a plethora of financial services to a global audience and is in company with the biggest banks in the world thanks to its market cap. - try to edit more.
The good bits: A global leader in financing with an inclusive approach to work where supervisors are one call away and collaborative culture where everyone works together.
The not-so-good bits: Working at RBC could be demanding with a few employee complaints about long-working hours increasing stress levels.
RBC was founded by a group of Maritime trade merchants and started in 1864 as the Merchants Bank of Halifax. Since its inception, RBC was created to make a statement of trust, and commitment, and to earn the right to be its client’s first choice.
It was founded to aid them in their private transactions as a private, uncharted commercial bank. Thanks to a capital injection of $300,000, it became a public company after the confederation in 1869.
For over 150 years, their vision to foster the growth of clients and communities sees them make considerable investments in job creation and environmental protection. They do this while respecting their multicultural audience and owning a diversity that makes them special.
Through values of service, diversity, integrity, and responsibility, they have earned clients’ trust and have become an epitome of a truly diligent public company.
RBC boasts a vast clientele of over 16 million clients served by over 80,000 employees who wear its unique value on their chest.
As a result of their customer-centric approach to service delivery, they were named the “model bank of the year”, the highest honour bestowed by Celent, a division of the Oliver Wyman Group.
RBC wears its principles of service, integrity, collaboration, diversity, and accountability on its sleeve and this reflects in its work culture and dictates the workplace vibe.
Before earning a place of trust in the heart of clients in terms of the services they provide, they hold themselves to high standards and look for ways to always improve.
They also focus on collaboration thanks to their willingness to embrace diversity giving everyone a chance to be heard and room to grow.
The vibe in RBC is competitive, supportive, and glowingly representative of the aura of trust and commitment they exude outwardly.
Wearing every attribute of global inclusiveness on their sleeve which produces trust, they attract graduates and interns from diverse cultures and skillset.
Recruitment at RBC commences with creating an application profile where prospective graduates and interns upload their most fitted resumes for the role. Applicants are usually contacted after around ten days of creating an application profile.
Next, applicants go through an online assessment courtesy of a mail invitation. The online assessment may vary depending on the intended roles but generally aim to test unique skill sets but generally aim to estimate problem-solving, teamwork, and analyzing ability.
After completing the online assessment, successful candidates proceed to the interview session which could be electronic or in-person and is usually designed to assess motivations and technicality for the role.
While most graduates and interns possess relevant qualifications before applying for any role, RBC takes a more behaviour-focused approach that tests the character of applicants. This recruitment process has seen them hire not just the best talents but those with the best character also.
RBC claims to proffer an inclusive and supportive work culture where employees enjoy room for growth and are awarded for doing so. They readily allow employees to choose their career path and support whatever choice employees make.
Internship positions at RBC open students to the perfect real-life platform to apply their classroom skills. Summer programmes like Amplify help students exercise their skills in creating, testing, and presenting solutions to business challenges.
Prepped is another RBC venture which aims to intensively prepare interns for the labour market. This complimentary institute offers free intensive digital and personalized programs to help interns thrive and excel.
Graduates and interns are offered a central role in the organization where they get to enjoy relationship-building partnerships with the best professionals.
Support resources like Future launch and RBC upskill to help employees grow their potential and learn virtually with others.
Entry-level roles in RBC typically sit around $37,000 and a typical intern at RBC earns $35,045 annually.
RBC upholds its mission of fostering community growth by readily investing in communities. In 2019, they supported around 5,000 communities and philanthropic organizations with $130 million to help improve their access to help them upscale their activities.
They also provide support resources to help youths maximize their potential and clearly define their career paths.
In what was said to generate a huge media storm at the time, RBC was under heavy criticism for looking to outsource roles to non-Canadian citizens. RBC was reported to have made certain agreements with iGate to outsource some technology roles.
To weather the storm, the company issued a public apology and retrenched workers were offered comparable roles in the RBC.