Job Summary

Job Description

What is the Opportunity?

Provide independent and effective monitoring, control, and communications of market risk across RBC’s Global Spread Products business, which includes Loan and HY Bond Trading, Distressed Credit, and CLO Trading. This individual will partner with stakeholders across the business, risk management and technology to ensure market risk is well captured and understood.

What will you do?

Provide market risk oversight for RBC’s Global Spread Products business and develop subject matter expertise in designated desks.

Support the management of market risk reporting process and ensure accuracy of key risk measurements.

Analyze key trading strategies and products to ensure they are in line with RBC risk tolerance and objectives.

Implement changes and improvements to the risk processes as required by new strategies and regulations.

Monitor changes in portfolio and market to extract value-added insight for senior management.

Review significant transactions to help facilitate business and ensure proper risk controls.

Play a lead role in enhancing the GRM on desk risk systems

Drive strategic and tactical projects forward that may involve Python

Collaborate with trading teams to ensure cohesion on key risk issues: systems, limits, risk management

What do you need to succeed?

5+ years of experiences in market risk, preferably with exposure to credit products

Master’s or Bachelor’s degree in Finance, Economics, or a related quantitative field

Strong communication and presentation skills

Detail-oriented and action-oriented individual who continually strives for improvement

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 benefits, competitive compensation, commissions, and stock where applicable

Leaders who support your development through coaching and managing opportunities

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, progressive, and high-performing team

Opportunities to do challenging work

Opportunities to build close relationships with clients

The good-faith expected salary range for the above position is $110,000 - $190,000 (New York) depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan. RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

Drives RBC’s high performance culture

Enables collective achievement of our strategic goals

Generates sustainable shareholder returns and above market shareholder value

#LI – Hybrid

#LI – POST

Job Skills

Decision Making, Financial Instruments, Group Problem Solving, Market Risk, Performance Management (PM), Resource Coordination, Risk Management, Waterfall Model

Additional Job Details

Address:

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City:

New York

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-02-12

Application Deadline:

2025-04-30

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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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.