Job Summary

The incumbent will lend in developing and promoting a \"Best in Class\" risk oversight environment associated with RBC Australia Capital Markets business and activities including Global Markets (FICC, Global Equities, Central Funding Group, Treasury Services), Global Investment Banking and Corporate Banking and broader Treasury businesses and activities within Asia Pacific region.

Job Description

What is the opportunity?

The Market and Counterparty Credit Risk team provides independent and effective trading floor monitoring, controlling and communicating on the nature and extend of all material market, trading credit risks and liquidity risk and to ensure the implementation of and compliance with risk management policies and procedures. The incumbent will lend in developing and promoting a \"Best in Class\" risk oversight environment associated with RBC Australia Capital Markets business and activities including Global Markets (FICC, Global Equities, Central Funding Group, Treasury Services), Global Investment Banking and Corporate Banking and broader Treasury businesses and activities within Asia Pacific region.

What will you do?

Risk oversight: market risk (both trading and banking book), traded credit risk and liquidity risk positions.Market Risk: Assist in risk related queries, market risk exposures and deal analysis, drill down and/or risk trend analysis. Conduct ad-hoc analysis of market risk sensitivities generated by trading activities, with particular focus on key drivers contributing to profit and loss, and ensure these insights are communicated effectively, including to senior stakeholders.Counterparty Credit Risk: Facilitate time-sensitive transaction for traded credit risk within delegated authorities.Balance Sheet and Liquidity Risk: Reviews and challenge liquidity risk and balance sheet structural risk (Interest Rate Risk in the Banking Book), i.e. risk appetite and limit proposal, cash flow projection and liquidity stress testing including parameter reviews, contingency funding plan and annual testing, fungibility and early warning indicators.Stakeholder management: Liaise closely with Front Office to detail risk exposures and challenge the business on risk exposures, limit utilisation threshold and breaches; Lead monthly risk reviews with Front Office, offering constructive challenges and guidance to ensure alignment with risk limits and strategic objectives.Internal communication: Facilitate risk communication by collaborating with relevant teams to ensure clear communication of market risk, counterparty credit and liquidity risk exposures and make well-informed recommendations to senior management, including the Head of Market & Counterparty Credit Risk APAC.Projects: Support and contribute to key projects related to Market & Counterparty Credit Risk in Australia, aligning these projects with the bank’s overall risk management strategy, and driving successful execution and delivery.Control environment: Develops and implements comprehensive market and liquidity risk management framework and policies aligned with regulatory requirements, industry best practices and group framework and policies by identifying the area of improvements.

What do you need to succeed?

Must-have

Bachelor degree in Business Administration, Finance or quantitative discipline.Minimum of 5 year demonstrated experience in risk oversight/management preferably with Traded Market and/or Credit Risk, Capital Markets, Stress Testing, IRRBB and/or Policy Oversight, preferably in Australia.Understanding of mathematical principles underlying the value of financial products.Delivery and accountability of Traded Risk related initiatives.Ability to work in a team and individually and partnering with external groups to achieve results.Proficient analytical and problem-solving skills and high attention to detail.Self-confidence and assertiveness in dealing with senior management in both Risk and Business and other stakeholders.Ability to work flexibly according to needs within Asia Pacific regions.

Nice-to-have

Postgraduate degree such as MBA, MA, MS or equivalent quantitative emphasis in finance, statistics, econometric or other relevant discipline, or professional qualification such as CFA, FRM etc. is desired.Industry liquidity risk and balance sheet knowledge and experience within Asia Pacific (Australia, Singapore, Hong Kong, Japan, China), or relevant domain experience within treasury and liquidity i.e. money market products, credit lending and/or deposits.Related traded risk, treasury or balance sheet experience i.e Recovery and Resolution Plan, accounting standards, Funds Transfer Pricing, Fundamental Review of Trading Book experience.Understanding of bank’s businesses and balance sheet structure.

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, flexible benefits and competitive compensationLeaders who support your development through coaching and managing opportunitiesOpportunities to work with the best in the fieldAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamA world-class training program in financial servicesFlexible working options fully supported.

RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, colour, religion, sexual orientation, gender identity, age, disability or any other legally-protected factors.

Agency Notice

RBC Group does not accept agency resumés.  Please do not forward resumés to our employees, nor any other company location.  RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.

Job Skills

Balance Sheets, Banking, Business, Cash Flow, Communication, Credit, Credit Risks, Data Visualization, Interest Rate Risk, Liquidity Risk, Market Liquidity, Market Risk, Microsoft Power Business Intelligence (BI), Python (Programming Language), Risk Management, Structured Query Language (SQL), Teamwork

Additional Job Details

Address:

25 MARTIN PLACE:SYDNEY

City:

Sydney

Country:

Australia

Work hours/week:

38

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-01-15

Application Deadline:

2025-02-15

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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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.