Why Royal Bank Of Canada RBC Interview Questions

What is Royal Bank of Canada (RBC)?

RBC Capital Markets is a Premier Investment Bank that provides a focused set of products and services to institutions, corporations, governments, and high-net-worth clients worldwide.

Every organization has its own set of interview questions that it likes to use. Also, if you're interviewing with the Royal Bank of Canada (RBC), be ready to discuss the firm in detail when asked.

We'll go through some typical RBC interview questions in this article so you may feel prepared for your interview. 

Depending on the position you're seeking, the Royal Bank of Canada (RBC) will ask different interview questions. RBC often employs a mix of behavioral and situational questions, as well as inquiries on your credentials and experience.

It's crucial to study RBC and the position you're looking for to be prepared for the interview. Please make sure to understand the company's way of life, principles,  as well as its goods and services.

With the aid of a friend or family member, practice responding to interview questions so that you will feel more prepared and at ease on the day of the interview.

We are all aware of how stressful and competitive job interviews can be. But, on the other hand, you can ace the Royal Bank Interview with a little preparation. 

Interview Process

Depending on the position you're seeking, the Royal Bank of Canada (RBC) interview procedure may change. The procedure may often be divided into the following steps:

1. Application: Firstly, you must submit your application online through a recruiting agency or the RBC employment website. Often, this entails sending in your CV, cover letter, and other pertinent documents.
2. Phone interview: If your application is shortlisted, a recruiter may communicate with you to have a phone interview. To examine your suitability for the position and whether you should be asked for a face-to-face interview, Recruiters may do a screening interview.
3. Telephonic round: A recruiting manager or a group of interviewers would normally invite you to an in-person interview if you are chosen for one.
4. In-person Interview: There will probably be job-related technical questions, behavioral questions, and questions about your background and credentials in this interview.
5. Further interviews: Depending on the position, you can be requested to participate in more interviews with senior leaders at the company or members of the team.
6. Assessments and background checks: RBC may also ask you to do background checks or complete assessments. 

To prepare intelligent responses to frequently asked interview questions and to convey your passion for the position. It is critical to do your homework about the business and the position in advance.

Overall, the RBC interview process evaluates your abilities, background, and suitability for the position you seek.

Interview tips

Never stop learning; learning is the key to a better outcome. Your chances of getting the job you desire at RBC will increase if you follow the tips given below:

1. Attire

Always dress more formally than the interviewer. Wear a suit if you anticipate the interviewer will be wearing a tie. To be considered for work handling food, you must be clean-shaven, and if you have long hair, it must be pulled back.

2. Maintains eye contact

It's important to maintain eye contact since it demonstrates your confidence and sincerity. If you have trouble looking someone in the eyes, examine their forehead.

3. Maintain proper posture

Nothing is worse during an interview than slouching. Slouching gives the impression that you are uninterested. Moreover, good posture will keep you from muttering.

4. Speaking

Throughout the interview, try to avoid speaking excessively rapidly or slowly. When you speak too rapidly or slowly, you can come out as uneasy or uninteresting. Try to practice aloud the night before if at all feasible.

According to studies, candidates who blend speaking and listening equally throughout the interview are more likely to get recruited. AVOID RAMBLING, SO!

5. Get there ten minutes early

For your interview, be sure to come 10 minutes early. Nothing is worse than being late for your interview. Why should they hire you if you are likely late upon arrival and during your shift? On the other hand, don't arrive too early, or you'll come across as unsure of yourself.

6. Plan your route to and from the interview site

Ensure you know your destination and the travel time required to get there. Choose the simplest route online, then be sure you allow additional time to arrive on time.

7. Things to bring

Bring writing supplies, an extra copy of your resume, and a pen and paper. I have conducted several interviews and always appreciate it when candidates are well-prepared. The interviewer frequently forgets to bring a copy of your CV since they are so busy.

8. Salary

Know the wage range you're searching for. Several websites can inform you whether your request is too much or not enough. Ask about the wage range if you are unemployed and concerned about asking for too little.

Why Royal Bank Of Canada RBC Interview Questions

This is the first and foremost important question you must ask yourself even before submitting an application to RBC. You will then be prepared to respond to this issue clearly when it is raised in interviews.

The interviewer attempts to ascertain your true reasons for applying to the organization when they ask you this question. High income or similar advantages are obvious responses that shouldn't be offered because they want to determine whether you'd suit their beliefs.

Please answer to “Why RBC” interview question by connecting those points as given below:

• Successful team with perhaps the best growth trajectory.
• The lending business model and Canadian foundation are great complimentary business units.
• Culture is very helpful.

"Why do you want to work at the Royal Bank of Canada (RBC)?" You should think about the following actions to appropriately respond to this question:

1. Research RBC: Discover its past, principles, offerings, and services. This will indicate your interest in the firm and help you better grasp what it stands for.
2. Abilities: Describe your abilities that fit the demands of the position and emphasize them in your response.
3. Describe the corporate culture: Describe why you like the RBC culture and think you'd be a good match for the organization. Also, you might add any RBC efforts or programs that you find very motivational.
4. Demonstrate your enthusiasm: Express your passion for the organization and the position you're applying for. This will show that you are driven and interested in the position.

Sample answer:

"I have long admired RBC's dedication to customer service and innovation. I think my aptitude for problem-solving and effective communication would make me a significant addition to the firm. 

Also, the diversity and inclusion culture at RBC is in line with my own beliefs, and I'm thrilled about the chance to work with a group of people who are as passionate about having a good effect as I am.

 I am certain that I would flourish in this setting and help RBC continue to succeed."

Connecting RBC’s Values In Your Answer

You might include some of the following company values in your spinoff for the "Why RBC" interview question. Although each applicant will have a different explanation for why RBC is a good fit for them, it is helpful to be ready with these in advance.

The Royal Bank of Canada’s (RBC business) practices and corporate culture are governed by a set of fundamental principles. These values consist of

1. Customer-first: RBC puts the interests of its customers first and seeks to develop enduring relationships based on honesty, decency, and openness.
2. Diversity and inclusion: RBC encourages diversity and inclusion and works to establish a friendly and supportive workplace for all employees and clients, regardless of their origins or identities.
3. Integrity: RBC acts with moral ideals and integrity, accepting accountability for its choices and actions.
4. Teamwork: RBC encourages cooperation and teamwork among its staff to accomplish shared objectives and give their consumers the best service possible.
5. Innovation: RBC is dedicated to leading the financial sector and is always looking for fresh, cutting-edge approaches to enhance its goods and services.
6. Accountability: RBC prioritizes responsibility and is dedicated to keeping its commitments to its customers, shareholders, and the general public.

Those values are RBC's dedication to operate ethically and in a responsible manner, and they have helped the bank stand as one of the most reputable and well-respected financial organizations in Canada and the rest of the globe.

Royal Bank of Canada RBC Interview Questions and Answers

Depending on the position you're looking for and the interviewer's preferences, you may be asked particular interview questions at the Royal Bank of Canada (RBC). But, the following sample interview questions and responses may be useful in your preparation:

1. Do you have experience in the financial sector?

You can tell if you have any experience in the financial sector by answering this question. The interviewer will have the chance to learn more about your knowledge and experience if you answer well.

If not, state why RBC interests you in a career there and what you intend to gain from the experience.

Sample answer:

" Last 5 years, I've been a banker at a credit union. I enjoy connecting with consumers and assisting them in resolving their money-related issues. 

Because of my abilities in customer service and attention to detail, my prior manager advised me to seek a career in banking."

2. What is your knowledge of the RBC culture?

RBC is a significant financial organization with a solid culture. Therefore, the interviewer may ask this question to gauge your familiarity with the company's values and how well they could mesh with your own.

Consider what you already know about RBC's culture from reading its website or other sources as you consider your response to this question. Try to concentrate on business culture elements consistent with your principles.

For instance:

"I have heard wonderful things about RBC's culture, which is clearly extremely focused on innovation and customer service. I think we'd get along well because these are two things I respect as well."

3. How may your prior experience help our business?

This query is an excellent method to demonstrate to the interviewer that you have done your homework on their business. It also gives you a chance to showcase any abilities or experiences you have had in prior positions relevant to the current one.

Example:

"I think my prior experience working as an assistant manager at a neighborhood restaurant would be beneficial to RBC because of my capacity to manage numerous tasks at once and work with a team.

 I am accustomed to juggling several duties while still meeting deadlines, which I believe will be helpful to me in this position."

4. Do you have any prior managerial or team leadership experience?

The Royal Bank of Canada is a sizable financial organization with many career prospects. If you have previous experience leading or managing a team, emphasize your leadership abilities and how they contributed to the team's success.

Sample answer:

"With First National Bank, I previously served as a team lead. I was in charge of leading a small group of five brand-new workers for the business.

 My responsibility is to teach them about their obligations and roles, as well as to support them in overcoming any obstacles.

I discovered that my team members were able to work effectively and achieve their goals because I was available and ready to help when they needed it."

5. If we assign a task, what measures would you take to do it before the deadline?

Answering this question is a wonderful approach to evaluating your time management abilities. When responding to this question, describing the actions you would take and how they connect to the job description might be beneficial.

Example:

"First, I would make sure I knew what my management expected of me. After that, I would make a plan for myself that includes due dates and rest periods. 

Lastly, to make sure I am on track, I would frequently check in with higher officials.”

6. Do you have a strong interest in finance?

This query is an excellent opportunity to demonstrate your enthusiasm for the field and potential contributions to RBC. Describe what you like about finance if you have experience in the field.

Explain why you want to work in finance if you lack experience but are enthusiastic about the industry.

For illustration, say:

"I've always been interested in finance because I enjoy solving problems. I took an accounting course in college, and I have an interest in it. I've liked working in finance ever since for as long as possible.

 I feel like I'd be a fantastic fit for this position since I enjoy working with statistics and am detail-oriented.”

7. Have you ever had a position in customer service?

This question is a wonderful opportunity to demonstrate to the interviewer that you have previous customer service expertise and can manage challenging circumstances.

If you haven't worked in customer service, mention how you've previously assisted others instead.

Sample answer:

"In the local credit union, I actually began my career as a bank teller. As I was the youngest worker there, I learned with a wide range of individuals.

Even though some days were harder than others, I learned how to assist everyone who passed through the line.

Moreover, I completed several online classes on customer service techniques, which were really beneficial in helping me comprehend what it takes to succeed in this position.”

8. Why did you leave your current job?

This query might enable the interviewer to ascertain whether your search for a new position is motivated by your desire to advance and if you want to further your career, or if you want a change.

But it is crucial, to be honest in your response to this question regarding why you're quitting your job, but you should also emphasize any lessons you've taken from the situation.

Example:

"I feel like my present position no longer challenges me. Thus I'm searching for a new opportunity. I like to assist customers with their money and have been working in banking for the past five years.

I am now prepared to assume greater responsibility and learn new skills. In my prior role, I was able to collaborate with a team to address consumer concerns and offer financial assistance.”

9. Explain an instance in which you displayed superior customer service.

In the banking industry, providing excellent customer service is crucial. This question is intended to collect further information regarding your customer service abilities and how you may perform in their business. 

While responding, make an effort to develop a concrete example that demonstrates your capacity to collaborate with clients and find solutions.

Sample answer:

"In my prior position, I dealt with a client who was having problems logging into his account online. I communicated with him and asked him what he was attempting to accomplish.

 I understood his issue after hearing that he had forgotten his password. I did my part with him in changing his password so he could log back into his account."

10. Can you tell me about a0 problem you solved creatively?

This is an opportunity to showcase your problem-solving abilities and how you put them to use at work.

It may be useful to provide an example of a time when you utilized creativity to solve an issue for the benefit of your team or organization when responding to this question.

Example:

"With my former employment, I was collaborating with a number of other staff members on a project. For one of our clients, we were charged with developing an advertising campaign.

We all had various opinions about what we ought to do during our meeting. In order to test both concepts and see which one performed better, I recommended that we develop two campaigns rather than simply one.

Both efforts were well received by the customer, and we ultimately won additional business from them."

Conclusion

One of the best banks in the world is RBC, which makes it extremely attractive and even more competitive. Hence, you may set yourself up for success by simply preparing prior for the types of interview questions you might encounter.

Although everyone moves at their speed throughout recruiting procedures, it's crucial to begin developing your case and perfecting your story as early as possible in your job hunt. The importance of preparation for the interview is the second key learning.

Don't hesitate to go online for extra interview tools if you get an RBC interview. Several casebooks, articles, and videos are available to assist you in preparing for your consultant interviews.

Kindly go through the RBC website for a company overview.

To learn more about how to get prepared, pay attention to WSO's readership!

Please review WSO resources.

Researched and authored by Sethuraman | Linkedin

Reviewed and edited by Parul Gupta | LinkedIn

Free Resources

To continue learning and advancing your career, check out these additional helpful WSO resources:

• Behavioral Interview Questions
• CFO Interview Questions
• HireVue Interview Guide
• Icebreaker Interview Questions
• Real Estate Interview Questions