Job Summary

Job Description

What is the opportunity?

As an Associate Director, you are an integral member of the Strategic Initiatives and Controls team, within Market and Counterparty Credit Risk (MCCR). Liaising directly with key contacts and leaders across the bank, you have broad exposure to multiple business lines, trading strategies and financial instruments.

In this highly visible role, you build relationships throughout the bank and perform Volcker Rule governance and controls covering market risk capital and risk reporting. You act as a Risk representative, providing insight, guidance and control where applicable, and having direct and immediate impact to RBC.

What will you do? 

Perform analysis across all Volcker prescribed metrics for a set of trading desk(s).Monitor risk exposures against limits/thresholds and escalate unactioned breach events for remediation.Prepare various committee materials, follow up with FO traders, Business Managers and other functions for details as neededCoordinate Regulatory submission materials, prepare and respond to internal compliance and regulatory requestsPerform regulatory limit calibration for market making desks, in conformance of Volcker RENTDPerform analysis supporting the calculation of market risk capital (under FRTB rules) across numerous measures of the Banking Book / Trading Book boundary (i.e. Net short equity, unlisted equities, deviations to the presumptive trading list etc.)Perform analysis, as needed, for Trading Desk/Book changes and assist with coordination of required updates.Act as team leader and advisor to junior personnel.

What do you need to succeed?

Must-have: 

5+ years of experience in a role supporting market and counterparty credit risk measurement and reporting.Broad understanding of the Volcker Rule and Regulatory requirements for market risk capital and reporting.General understanding of derivative pricing, market risk methodologies, systems and processes.Broad understanding of IT practices and ability to manage and prioritize development tasks, as requiredAbility to effectively influence stakeholders, through negotiation and conflict resolution.Excellent written and verbal communication skills, with strong ability to influence and build relationships with stakeholders at all levelsBachelor’s degree (or higher) in business, finance, financial engineering/mathematic finance, with strong quantitative and analytical skills and attention to detail.

Nice-to-Have 

CFA, FRM or other related professional qualifications.Proficient in Excel, Python or other programming languages preferred

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

Leaders who support your development through coaching and managing opportunities

Ability to make a difference and lasting impact

Work in an agile, collaborative, progressive, and high-performing team

The opportunity to interface with senior level executives from many different parts of the organization

Job Skills

Data Gathering Analysis, Decision Making, Ethical Business, Fraud Management, Internal Controls, Interpersonal Relationship Management, Market Risk, Results-Oriented, Risk Management, Risk Measurement, Trading Desks, Trading Strategies

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:

2025-02-06

Application Deadline:

2025-02-22

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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