Director - Market, Counterparty Credit, Liquidity and Model Risk Policy
Top Benefits
About the role
Job Description
**What is the opportunity? **
Reporting to the Managing Director, Market and Counterparty Credit Risk Policy, you will provide senior level advice and support for the provision of governance and risk oversight with responsibility for the development, maintenance and communication of market risk and counterparty credit risk as well as other relevant risk policy documents and related governance documents throughout RBC group wide.
You will lead the development of policies that support the management of risk with a focus on capital markets activities and portfolios through the implementation of “best practice" measures.
The incumbent will ensure effective communication of risk management policies to the relevant businesses and control functions and provide training to RBC personnel as required.
What will you do?
- Lead in the development (drafting and engagement of stakeholders to address policy issues), maintenance and management of market and counterparty credit risk, as well as other risk policy documents, ensure alignment with the RBC policy governance Target Operating Model (TOM), business strategies, and risk appetite. Present final draft policies to relevant senior management authorized authorities for approval and present to risk and business committees and forums final policy documents for information.
- Identify, interpret and lead policy development to mitigate risks for regulatory guidelines and business-driven initiatives.
- Develop and maintain strong working relationships with key stakeholders. Partner with key stakeholders, subject matter experts and other groups across RBC to develop effective, understandable and implementable policies.
- Provide senior level advice and support to managers and executives of Group Risk Management (GRM), other stakeholders and partners, the New Business Committee and other relevant committees.
- Maintain a high level of awareness of developments in the business, internal, market and regulatory environments, and incorporate changes into policies as appropriate. Review and interpret the guidance of the Office of the Superintendent of Financial Institutions and other relevant regulatory bodies and advise on their impact to RBC.
- Assist with the publication of policies and other relevant documents onto the Policy & Procedure Library, and the administration and maintenance of the Market and Counterparty Credit Risk Policy web pages, Connect and Confluence.
- Communicate risk policies effectively and responsively. Develop and deliver formal and ad hoc training and guidance on policy requirements and governance in consultation with senior stakeholders.
- Perform policy monitoring, and checking for implementation effectiveness, as appropriate.
- Assist with the design and maintenance of an effective and efficient policy review and approval process, including submission standards, committee mandates (terms of references), approval management and the flow of policy papers through the New Business Committee and other relevant committees.
- Assist stakeholders in ensuring relevant authorities are delegated to the appropriate individuals in line with policy documents.
What do you need to succeed?
Must-have
- 10+ years of experience in market risk and/or counterparty credit risk management.
- A strong knowledge of risk approval processes.
- A strong knowledge of financial product risks and/or risks in portfolios.
- Excellent influencing skills and ability to partner with the right people to achieve collective results.
- Excellent communication skills (both written and oral). Diplomatic and an effective consensus builder; advanced people management skills with ability to develop and maintain relationships across business platforms and control functions.
- Strong growth mindset to proactively seek out, listen, and learn from people with distinct viewpoints and knowledge.
- Mature, professional individual with initiative and sense of urgency. Strong judgement and drive to make an impact.
- Excellent analytical and problem-solving skills, ability to make logical or implied connections from a vast array of information. Intellectual curiosity, global and strategic mindset.
- Ability to maintain composure in a fast-paced reporting environment. Strong organizational skills.
Nice-to-have
- Advanced degree (e.g., MBA or LL.B) and/or professional designation (e.g., CFA)
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
- 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
Job Skills
Counterparty Credit Risk (CCR), Market Risk, Market Risk Management, Market Risk Modeling, Operational Risks, People Management, Portfolio Management, Portfolio Risk, Portfolio Strategies, Quantitative Methods, Risk Control, Risk Management, Risk Management Strategies, Risk Policies, Stakeholder Engagement, Team 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:
2025-08-14
Application Deadline:
2025-09-22
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.
Director - Market, Counterparty Credit, Liquidity and Model Risk Policy
Top Benefits
About the role
Job Description
**What is the opportunity? **
Reporting to the Managing Director, Market and Counterparty Credit Risk Policy, you will provide senior level advice and support for the provision of governance and risk oversight with responsibility for the development, maintenance and communication of market risk and counterparty credit risk as well as other relevant risk policy documents and related governance documents throughout RBC group wide.
You will lead the development of policies that support the management of risk with a focus on capital markets activities and portfolios through the implementation of “best practice" measures.
The incumbent will ensure effective communication of risk management policies to the relevant businesses and control functions and provide training to RBC personnel as required.
What will you do?
- Lead in the development (drafting and engagement of stakeholders to address policy issues), maintenance and management of market and counterparty credit risk, as well as other risk policy documents, ensure alignment with the RBC policy governance Target Operating Model (TOM), business strategies, and risk appetite. Present final draft policies to relevant senior management authorized authorities for approval and present to risk and business committees and forums final policy documents for information.
- Identify, interpret and lead policy development to mitigate risks for regulatory guidelines and business-driven initiatives.
- Develop and maintain strong working relationships with key stakeholders. Partner with key stakeholders, subject matter experts and other groups across RBC to develop effective, understandable and implementable policies.
- Provide senior level advice and support to managers and executives of Group Risk Management (GRM), other stakeholders and partners, the New Business Committee and other relevant committees.
- Maintain a high level of awareness of developments in the business, internal, market and regulatory environments, and incorporate changes into policies as appropriate. Review and interpret the guidance of the Office of the Superintendent of Financial Institutions and other relevant regulatory bodies and advise on their impact to RBC.
- Assist with the publication of policies and other relevant documents onto the Policy & Procedure Library, and the administration and maintenance of the Market and Counterparty Credit Risk Policy web pages, Connect and Confluence.
- Communicate risk policies effectively and responsively. Develop and deliver formal and ad hoc training and guidance on policy requirements and governance in consultation with senior stakeholders.
- Perform policy monitoring, and checking for implementation effectiveness, as appropriate.
- Assist with the design and maintenance of an effective and efficient policy review and approval process, including submission standards, committee mandates (terms of references), approval management and the flow of policy papers through the New Business Committee and other relevant committees.
- Assist stakeholders in ensuring relevant authorities are delegated to the appropriate individuals in line with policy documents.
What do you need to succeed?
Must-have
- 10+ years of experience in market risk and/or counterparty credit risk management.
- A strong knowledge of risk approval processes.
- A strong knowledge of financial product risks and/or risks in portfolios.
- Excellent influencing skills and ability to partner with the right people to achieve collective results.
- Excellent communication skills (both written and oral). Diplomatic and an effective consensus builder; advanced people management skills with ability to develop and maintain relationships across business platforms and control functions.
- Strong growth mindset to proactively seek out, listen, and learn from people with distinct viewpoints and knowledge.
- Mature, professional individual with initiative and sense of urgency. Strong judgement and drive to make an impact.
- Excellent analytical and problem-solving skills, ability to make logical or implied connections from a vast array of information. Intellectual curiosity, global and strategic mindset.
- Ability to maintain composure in a fast-paced reporting environment. Strong organizational skills.
Nice-to-have
- Advanced degree (e.g., MBA or LL.B) and/or professional designation (e.g., CFA)
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
- 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
Job Skills
Counterparty Credit Risk (CCR), Market Risk, Market Risk Management, Market Risk Modeling, Operational Risks, People Management, Portfolio Management, Portfolio Risk, Portfolio Strategies, Quantitative Methods, Risk Control, Risk Management, Risk Management Strategies, Risk Policies, Stakeholder Engagement, Team 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:
2025-08-14
Application Deadline:
2025-09-22
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.