Job Summary

Job Description

What is the opportunity?  

Counterparty Credit Risk (CCR) is responsible for providing risk oversight of RBC’s trading activities including counterparty exposure measurement and monitoring, portfolio risk analysis and reporting.

As Associate Director (AD) in the Exposure Monitoring (CCREM) team, you will support daily monitoring of counterparty exposures against approved risk limits for derivatives and for SFTs, provide oversight on the completeness and appropriateness of risk measurements, help streamline and automate improved risk monitoring practices and enhance the team’s analytic capabilities. This risk monitoring oversight includes monitoring portfolios to identify noteworthy trends/areas of risk, contributing to CCR policies, assessing emerging risks and participation in reporting/analytical tool enhancements. You will work closely with other groups to provide project development support in the areas of coordination, coding and testing.

What will you do?

Pro-actively investigate risks to provide clear and comprehensive analysis to all levels of the risk management organization highlighting potential areas of concern.Monitor, investigate and where appropriate, escalate credit and collateral limit excesses as per internal policies.Perform deep dive analysis into the risk profile of specific portfolios and counterparties of concernIdentify gaps in the risk capturing and reporting processes and ensure the accuracy of resultsDrive the innovation of risk infrastructure, working closely with business, IT and Global Risk Analytics team to enhance the existing risk methodologies and model capabilities.Develop tools to automate processes and introduce new analytic capabilities into the reporting/analytic framework, enabling the team to review and analyze portfolio risks in a timely and accurate fashion.  These tools will enable the team to readily identify, investigate and summarize notable risk trends that are escalated (as appropriate) to Sr Management.Assist in the implementation of project-based initiatives

What do you need to succeed?

Must-have

3+ years of experience at a financial institution in a quantitative Risk Control function such as market or credit risk, with an understanding of capital markets trading products and related credit risk conceptsMaster’s degree in a relevant subject such as Finance, Economics, or other quantitative disciplineStrong command and hands on experience with Excel, Python, and SQLStrong analytical and problem-solving skillsSolid verbal and written communication skillsProven organizational skills, with the ability to meet strict deadlines

Nice-to-have

FRM, PRMIA, or CFABackground knowledge of Derivative and SFT products and markets including: Pricing and risk measurement methodologies, Market structure/dynamics, types of participants, drivers of activity

What’s in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

A comprehensive Total Rewards Program including bonuses and flexible benefitsLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in an dynamic, collaborative, progressive, and high-performing team

Job Skills

Business Data Analysis, Communication, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Quantitative Methods, Risk Management

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-01-17

Application Deadline:

2025-02-01

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

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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