Job Summary

Participates in the implementation of credit risk management systems and processes to support efforts to minimize credit risk. Applies complete knowledge, skills, and practices to perform assignments.

Job Description

What is the opportunity?

In this role, you will support RBC’s Risk Management infrastructure by managing key limit and agreement data in various trading and risk monitoring systems. This will involve a range of complexity from low-touch automated data to exceedingly complex client and agreement structures for which you will engage multiple groups to investigations and propose mapping solutions. Timely and accurate mapping of client credit data contributes to successful measurement of credit risk exposures and capital requirements within the Counterparty Credit Risk team, as well as and pre-trading pricing, compliance and availability checks performed by the front office traders.

What will you do?

Conduct timely and thorough investigations around complex client reference data – primarily in relation to OTC derivative clients and their associated credit hierarchies, limit structures, and collateral and netting agreement terms.Engage various functions within CCR and across Capital Markets to provide subject matter expertise in support of new or evolving processes or client structures.Work with a team of risk managers to carrying out accurate, timely, and efficient management of critical credit limit and trading agreement data to support all trading activities on the RBC Capital Markets and RBC IS platforms. Significant data sets include:130,000+ counterparty and issuer credit limits in RBC trading limit systemsKey collateral and margin agreement information related to over 15,000 derivative agreements in the collateral systemCredit and Settlement netting records for all OTC derivative, FX, and Continuously Linked Settlements agreements.Conducting efficient analysis of large data sets for ad hoc reporting to management and stakeholders.Identifying and escalating system infrastructure issues to appropriate support teams and management as needed and identifying opportunities to improve process efficiencies either through development or the use of other technical tools.

What do you need to succeed?

Must-have

Undergraduate degree, preferably in Finance or Business2-6 years’ experience in a trading environment control functionExperience in database/data management and analysisStrong PC skills, particularly Microsoft office,Exceptional writing, communication, and interpersonal skillsAbility to work in fast paced environment with frequent distractions and changing prioritiesHigh standards for accuracy and efficiency.

Nice-to-have   

Understanding of credit processes, including limit adjudication and credit mitigation strategies (i.e., collateral, guarantees, etc.)Experience working with SQL, VBA, and Python

What’s in it for you?

This is an exciting opportunity to immerse yourself in the world of Risk Management. This role will allow you to get involved in the risk management process for all trading products, including OTC derivatives, Futures Clearing, Repo, and Securities Lending, etc. You will also have regular engagement with a variety of functions outside of the Counterparty Credit Risk space, including Trading Documentation Group, Legal, GRM Wholesale Credit Risk, ICCM, IT, and various front office trading desks.

A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensationLeaders who support your development through coaching and managing opportunities Work in a dynamic, collaborative, and high-performing teamOpportunities to do challenging work

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:

Contract (Fixed Term)

Pay Type:

Salaried

Posted Date:

2025-03-06

Application Deadline:

2025-03-15

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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