Associate Director, Market Risk Oversight, Non-Trading Portfolio
Top Benefits
About the role
Job Summary
Job Description
What is the opportunity?
As Associate Director, you will take a leading role and undertake analysis to define, measure, assess, and provide risk insights into RBC’s Non-Trading Portfolio businesses such as Insurance, Wealth Management, Pension, and other Banking products. This role offers a unique opportunity for you to work closely with different business executives and with the broader risk teams in delivering independent risk oversight and advisory to ensure a complete and clear execution of RBC’s market risk framework.
What will you do?
- Responsible for the implementation and coordination of an integral market risk management framework for the subsidiary companies’ balance sheets: Insurance, Wealth Management, Pension, Structural FX, Corporate Venture Capital, Private Equity, and other Banking products
- Build strong relationships and work collaboratively with businesses, both as independent risk fiduciary and a value-add partner
- Provide senior management with insights on potential developments, risk concentrations, and risk trends that could result in significant financial losses under adverse market conditions
- Demonstrate a deep, detailed understanding of trading and non-trading market risks at RBC as well as of the current market environment, and be able to conduct reasonability reviews of risk assessments
- Conduct regular reviews of the Risk Appetite and Risk Limits frameworks for market risk, ensuring that risks are appropriately managed, and tolerances are appropriately calibrated at the Enterprise level and by key business lines
- Develop and execute market risk projects to implement a feasible infrastructure and enable reliable market risk measures, providing requirements in the design of key components of the strategic market risk platform, and ensuring these components are delivered effectively by IT
What do you need to succeed?
Must-have:
- Over 5 years of experience in risk management or trading roles
- Strong understanding of financial markets and trading businesses
- Private credit portfolio management experience is a strong plus
- Thorough knowledge of risk models, risk sensitivities, risk aggregation, and best practice governance
- Excellent communication skills with the ability to simplify complex information clearly
- Proficient in Python (or equivalent), Microsoft Excel, Bloomberg
Nice-to-have:
- MBA, MA or MS or equivalent with emphasis in finance, economics or a quantitative discipline.
- CFA, FRM or other related professional qualifications
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
Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, 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:
Regular
Pay Type:
Salaried
Posted Date:
2025-05-14
Application Deadline:
2025-05-31
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 believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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</a/span>
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.
http://rbc.com/legalstuff.
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.
https://www.rbc.com/conditions-dutilisation/
Associate Director, Market Risk Oversight, Non-Trading Portfolio
Top Benefits
About the role
Job Summary
Job Description
What is the opportunity?
As Associate Director, you will take a leading role and undertake analysis to define, measure, assess, and provide risk insights into RBC’s Non-Trading Portfolio businesses such as Insurance, Wealth Management, Pension, and other Banking products. This role offers a unique opportunity for you to work closely with different business executives and with the broader risk teams in delivering independent risk oversight and advisory to ensure a complete and clear execution of RBC’s market risk framework.
What will you do?
- Responsible for the implementation and coordination of an integral market risk management framework for the subsidiary companies’ balance sheets: Insurance, Wealth Management, Pension, Structural FX, Corporate Venture Capital, Private Equity, and other Banking products
- Build strong relationships and work collaboratively with businesses, both as independent risk fiduciary and a value-add partner
- Provide senior management with insights on potential developments, risk concentrations, and risk trends that could result in significant financial losses under adverse market conditions
- Demonstrate a deep, detailed understanding of trading and non-trading market risks at RBC as well as of the current market environment, and be able to conduct reasonability reviews of risk assessments
- Conduct regular reviews of the Risk Appetite and Risk Limits frameworks for market risk, ensuring that risks are appropriately managed, and tolerances are appropriately calibrated at the Enterprise level and by key business lines
- Develop and execute market risk projects to implement a feasible infrastructure and enable reliable market risk measures, providing requirements in the design of key components of the strategic market risk platform, and ensuring these components are delivered effectively by IT
What do you need to succeed?
Must-have:
- Over 5 years of experience in risk management or trading roles
- Strong understanding of financial markets and trading businesses
- Private credit portfolio management experience is a strong plus
- Thorough knowledge of risk models, risk sensitivities, risk aggregation, and best practice governance
- Excellent communication skills with the ability to simplify complex information clearly
- Proficient in Python (or equivalent), Microsoft Excel, Bloomberg
Nice-to-have:
- MBA, MA or MS or equivalent with emphasis in finance, economics or a quantitative discipline.
- CFA, FRM or other related professional qualifications
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
Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, 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:
Regular
Pay Type:
Salaried
Posted Date:
2025-05-14
Application Deadline:
2025-05-31
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 believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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</a/span>
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.
http://rbc.com/legalstuff.
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.
https://www.rbc.com/conditions-dutilisation/