Associate Director - Market Risk Stress Testing
Top Benefits
About the role
What is the Opportunity?
As an Associate Director, you are an integral member of the Market Risk Stress Testing team within Market and Counterparty Credit Risk (MCCR). The Market Risk Stress Testing team develops, implements, and analyzes stress scenarios across all asset classes to provide senior management, business heads, and regulators with views on market risk concentrations and capital adequacy. The team is also responsible for ensuring compliance with all regulatory stress testing requirements for market risk. In this highly visible role, you will gain broad exposure to multiple business lines, trading strategies and financial instruments through the continued development of the market risk stress testing program, with an emphasis on the design, implementation and analysis of relevant stress scenarios.
What will you do?
- Conduct thorough analysis to ensure completeness and reasonableness of results, produce summaries of potential concentrations and trends in risk that could result in significant financial loss under adverse market conditions.
- Participate in the scenario design process including identifying all material market risks, appropriately calibrating stress shocks, and reviewing and challenging scenario designs approaches and assumptions.
- Demonstrate a deep, detailed understanding of trading and non-trading market risks at RBC as well as the current market environment, to provide senior management with confidence in the reasonableness of stress test outcomes that may inform necessary action(s).
- Execute the market risk components of all regulatory stress tests – such stress tests are critical in assuring regulators that RBC is well-positioned to withstand severe but plausible market events.
- Document, challenge and provide expertise on market risk stress testing methodologies and assumptions across RBC.
- Gather findings and results of stress tests, methodology changes, and system changes to business heads and internal review committees.
- Provide requirements in the design of key components of the strategic market risk platform that are related to stress testing and test the IT builds before promotion to production.
What do you need to succeed?
- 5+ years of experience in a role supporting market and counterparty credit risk measurement and reporting.
- Strong understanding and thorough knowledge of traded products, derivative pricing, market risk methodologies, systems and processes.
- Strong understanding of IT practices and ability to manage and prioritize development tasks, as required.
- Excellent written and oral communication skills, including prior experience with presenting to senior audiences.
- Ability to work collaboratively and under tight deadlines.
- Detailed knowledge of MS Excel, SQL, and Python
- MBA, MA or MSc or equivalent with emphasis in finance, economics or a quantitative discipline.
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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
- 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 expected salary range for this particular position is $110,000-$190,000 (New York), depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
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 – POST
Job Skills
Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Management
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:
2025-08-12
Application Deadline:
2025-11-01
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Associate Director - Market Risk Stress Testing
Top Benefits
About the role
What is the Opportunity?
As an Associate Director, you are an integral member of the Market Risk Stress Testing team within Market and Counterparty Credit Risk (MCCR). The Market Risk Stress Testing team develops, implements, and analyzes stress scenarios across all asset classes to provide senior management, business heads, and regulators with views on market risk concentrations and capital adequacy. The team is also responsible for ensuring compliance with all regulatory stress testing requirements for market risk. In this highly visible role, you will gain broad exposure to multiple business lines, trading strategies and financial instruments through the continued development of the market risk stress testing program, with an emphasis on the design, implementation and analysis of relevant stress scenarios.
What will you do?
- Conduct thorough analysis to ensure completeness and reasonableness of results, produce summaries of potential concentrations and trends in risk that could result in significant financial loss under adverse market conditions.
- Participate in the scenario design process including identifying all material market risks, appropriately calibrating stress shocks, and reviewing and challenging scenario designs approaches and assumptions.
- Demonstrate a deep, detailed understanding of trading and non-trading market risks at RBC as well as the current market environment, to provide senior management with confidence in the reasonableness of stress test outcomes that may inform necessary action(s).
- Execute the market risk components of all regulatory stress tests – such stress tests are critical in assuring regulators that RBC is well-positioned to withstand severe but plausible market events.
- Document, challenge and provide expertise on market risk stress testing methodologies and assumptions across RBC.
- Gather findings and results of stress tests, methodology changes, and system changes to business heads and internal review committees.
- Provide requirements in the design of key components of the strategic market risk platform that are related to stress testing and test the IT builds before promotion to production.
What do you need to succeed?
- 5+ years of experience in a role supporting market and counterparty credit risk measurement and reporting.
- Strong understanding and thorough knowledge of traded products, derivative pricing, market risk methodologies, systems and processes.
- Strong understanding of IT practices and ability to manage and prioritize development tasks, as required.
- Excellent written and oral communication skills, including prior experience with presenting to senior audiences.
- Ability to work collaboratively and under tight deadlines.
- Detailed knowledge of MS Excel, SQL, and Python
- MBA, MA or MSc or equivalent with emphasis in finance, economics or a quantitative discipline.
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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
- 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 expected salary range for this particular position is $110,000-$190,000 (New York), depending on your experience, skills, and registration status, market conditions and business needs.
You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.
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 – POST
Job Skills
Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Management
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:
2025-08-12
Application Deadline:
2025-11-01
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.