Associate Director – Local Market Risk
Top Benefits
About the role
What is your opportunity?
You will play a pivotal role in establishing and maintaining a top-tier risk oversight framework. You will be responsible for monitoring and evaluating the Risk Profiles**;** defining approved tradable instruments and products; designing and managing market risk metrics and limits; and ensuring compliance and policy adherence.
What will you do?
- Monitor and Analyze Risk Exposure: Ensure market risks accurately reflect the organization's exposure by performing in-depth due diligence. Track portfolio changes and market conditions to deliver actionable insights for senior management.
- Provide Risk Insights: Investigate emerging risks and deliver value-added insights to senior management, highlighting key trends, potential concerns, and areas requiring attention.
- Evaluate Trading Strategies: Assess key trading strategies and products to ensure they align with the organization’s risk tolerance and deliver an appropriate risk-reward balance.
- Collaborate with Trading Teams: Partner with trading teams to address critical risk-related issues, including system functionality, risk limits, and overall risk management, fostering alignment and effective communication.
- Enhance Risk Infrastructure: Lead the development and refinement of the risk management framework, including product mandates, limit reviews, and assessments of new business initiatives.
- Facilitate Stakeholder Collaboration: Coordinate across multiple stakeholders to support project-related tasks, including large-scale initiatives like risk modernization and ad-hoc requests from various functional groups.
- Oversee Significant Transactions: Review and assess major transactions to support business objectives while ensuring robust risk controls and adherence to organizational policies.
- Drive Process Improvement: Identify and implement opportunities to enhance and standardize processes within the Local Market Risk (LMR) team, promoting efficiency and consistency.
What do you need to succeed?
- Independent and Curious: Demonstrates the ability to work autonomously with minimal supervision, coupled with a natural curiosity and eagerness to explore and solve complex problems.
- Strong Team Player with Excellent Communication Skills: Thrives in collaborative environments and possesses exceptional interpersonal communication skills. Capable of delivering clear, concise, and impactful messages in high-pressure, fast-paced settings.
- Market Risk Expertise (3–7 Years): Extensive experience in market risk functions, including:
- Deep understanding of vanilla and exotic derivative products across asset classes such as Fixed Income, Credit, Foreign Exchange, Commodities, and Equities.
- Expertise in non-linear products and the dynamics of option Greeks.
- Proficiency in Value-at-Risk (VaR) measurement and back-testing.
- Advanced skills in stress testing, scenario analysis (e.g., "what-if" scenarios), sensitivity analysis, and P&L decomposition.
- Strong knowledge of regulatory capital requirements under the FRTB framework.
- Educational Background: Holds an MBA, MA, MS, or an equivalent qualification with a focus on finance, economics, or a quantitative discipline.
- Project Management Skills: Proven experience in managing and coordinating projects, ensuring timely and efficient execution of deliverables.
- Technical Proficiency: Advanced capabilities in coding and data analysis, including: Python, Tableau, Bloomberg
- Analytical and Problem-Solving Skills: Demonstrates strong investigative abilities and a structured approach to identifying, analyzing, and resolving complex challenges.
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.
- Opportunity to learn a variety of asset classes and be exposed to multiple trading businesses, including structured products
- Rewarding opportunity for accelerated career progression for high performers
- Ability to make a difference and lasting impact
- Strong leaders and peers who support your development through coaching and managing opportunities
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
- Potential to utilize transferable skills and grow within other related business areas
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 – Local Market Risk
Top Benefits
About the role
What is your opportunity?
You will play a pivotal role in establishing and maintaining a top-tier risk oversight framework. You will be responsible for monitoring and evaluating the Risk Profiles**;** defining approved tradable instruments and products; designing and managing market risk metrics and limits; and ensuring compliance and policy adherence.
What will you do?
- Monitor and Analyze Risk Exposure: Ensure market risks accurately reflect the organization's exposure by performing in-depth due diligence. Track portfolio changes and market conditions to deliver actionable insights for senior management.
- Provide Risk Insights: Investigate emerging risks and deliver value-added insights to senior management, highlighting key trends, potential concerns, and areas requiring attention.
- Evaluate Trading Strategies: Assess key trading strategies and products to ensure they align with the organization’s risk tolerance and deliver an appropriate risk-reward balance.
- Collaborate with Trading Teams: Partner with trading teams to address critical risk-related issues, including system functionality, risk limits, and overall risk management, fostering alignment and effective communication.
- Enhance Risk Infrastructure: Lead the development and refinement of the risk management framework, including product mandates, limit reviews, and assessments of new business initiatives.
- Facilitate Stakeholder Collaboration: Coordinate across multiple stakeholders to support project-related tasks, including large-scale initiatives like risk modernization and ad-hoc requests from various functional groups.
- Oversee Significant Transactions: Review and assess major transactions to support business objectives while ensuring robust risk controls and adherence to organizational policies.
- Drive Process Improvement: Identify and implement opportunities to enhance and standardize processes within the Local Market Risk (LMR) team, promoting efficiency and consistency.
What do you need to succeed?
- Independent and Curious: Demonstrates the ability to work autonomously with minimal supervision, coupled with a natural curiosity and eagerness to explore and solve complex problems.
- Strong Team Player with Excellent Communication Skills: Thrives in collaborative environments and possesses exceptional interpersonal communication skills. Capable of delivering clear, concise, and impactful messages in high-pressure, fast-paced settings.
- Market Risk Expertise (3–7 Years): Extensive experience in market risk functions, including:
- Deep understanding of vanilla and exotic derivative products across asset classes such as Fixed Income, Credit, Foreign Exchange, Commodities, and Equities.
- Expertise in non-linear products and the dynamics of option Greeks.
- Proficiency in Value-at-Risk (VaR) measurement and back-testing.
- Advanced skills in stress testing, scenario analysis (e.g., "what-if" scenarios), sensitivity analysis, and P&L decomposition.
- Strong knowledge of regulatory capital requirements under the FRTB framework.
- Educational Background: Holds an MBA, MA, MS, or an equivalent qualification with a focus on finance, economics, or a quantitative discipline.
- Project Management Skills: Proven experience in managing and coordinating projects, ensuring timely and efficient execution of deliverables.
- Technical Proficiency: Advanced capabilities in coding and data analysis, including: Python, Tableau, Bloomberg
- Analytical and Problem-Solving Skills: Demonstrates strong investigative abilities and a structured approach to identifying, analyzing, and resolving complex challenges.
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.
- Opportunity to learn a variety of asset classes and be exposed to multiple trading businesses, including structured products
- Rewarding opportunity for accelerated career progression for high performers
- Ability to make a difference and lasting impact
- Strong leaders and peers who support your development through coaching and managing opportunities
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
- Potential to utilize transferable skills and grow within other related business areas
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.