Associate Director (VP) Market Risk - Global Structured Interest Rate (SRT) Products
Top Benefits
About the role
Job Description
What is the opportunity?
You will be helping in promoting a Best of Class risk oversight environment for the London, Tokyo and Global Structured Interest Rate (SRT) business (interest rate exotic products).
The role has hands-on experience in managing interest rate exotic risks in order to assist Group Risk Management (GRM) and the Business in helping stress-test the SRT trading books and products.
Additionally, the role requires good technical expertise across both interest rate models and IT systems, as you will also be involved in implementing Stress/Regulatory Capital scenarios for SRT globally (in the production environment) and working closely with Group Risk Analytics, Risk IT, and North America GRM to ensure consistency across the platform.
What will you do?
- Run the market risk reporting processes and ensure timely and accurate reporting of all relevant risk metrics by ensuring all limit breaches are correctly tracked and reported and ensuring the trading desk adheres to the bank risk appetite, including limits/thresholds and compliance with limit/stress framework.
- Assist the Director of Structured Products on key projects and deliverables.
- Look at the requirements of any new business activity and ready the SRT Local Market Risk team with the appropriate risk controls and framework ahead of trade commencement.
- Take a keen interest in further enhancements to the daily Single Risk Factor, PCA and ad hoc scenario frameworks that GRM actively uses to assess both positioning and structural risks in the SRT books.
- Actively communicate emerging trends/risks and facilitate discussions with trading desks and senior management.
- Develop into a subject matter expert for all Felix-related development work within the GRM domain for the SRT books, and be the key point of contact for business and other wider market risk teams.
- Help develop new and/or improve existing reporting infrastructure wherever required including new risk analytics to improve risk infrastructure.
- On request, help provide ad-hoc analysis on trading strategies and products, RBCCM risk tolerance and objectives.
- Clearly communicate any deficiencies in risk process and infrastructure and facilitate remediation.
- Assisting the MCCR Strategic Developer in automating and enhancing the daily risk monitoring.
What do you need to succeed?
Must-have
- Diligence and attention to detail.
- Desire and motivation to deep-dive into complex and structured products to understand the inherent risks.
- Be able to work under time pressure.
- A strong quantitataive degree or similar/equivalent.
- In-depth knowledge of interest rate option markets and primary risk drivers of those markets/products.
- Communication skills to clearly explain/summaries the market risk views to the trading desk and the senior leadership team.
- As a technical requirement, a reasonably good understanding of Value-at-Risk measurement stress testing and scenario analysis and Greeks Sensitivity analysis specific to the SRT business.
- Reasonable proficiency in Python and Tableau.
Nice-to-have
- Hands-on experience working on a risk/trading desk at a financial company in a quantitative/programming role.
- Strong leadership skills and vision; proven record of leading a team/project and delivering value-added results.
What is 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 compensation
- Leaders who support your development through coaching and managing opportunities
- Opportunities to work with the best in the field
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services.
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 (VP) Market Risk - Global Structured Interest Rate (SRT) Products
Top Benefits
About the role
Job Description
What is the opportunity?
You will be helping in promoting a Best of Class risk oversight environment for the London, Tokyo and Global Structured Interest Rate (SRT) business (interest rate exotic products).
The role has hands-on experience in managing interest rate exotic risks in order to assist Group Risk Management (GRM) and the Business in helping stress-test the SRT trading books and products.
Additionally, the role requires good technical expertise across both interest rate models and IT systems, as you will also be involved in implementing Stress/Regulatory Capital scenarios for SRT globally (in the production environment) and working closely with Group Risk Analytics, Risk IT, and North America GRM to ensure consistency across the platform.
What will you do?
- Run the market risk reporting processes and ensure timely and accurate reporting of all relevant risk metrics by ensuring all limit breaches are correctly tracked and reported and ensuring the trading desk adheres to the bank risk appetite, including limits/thresholds and compliance with limit/stress framework.
- Assist the Director of Structured Products on key projects and deliverables.
- Look at the requirements of any new business activity and ready the SRT Local Market Risk team with the appropriate risk controls and framework ahead of trade commencement.
- Take a keen interest in further enhancements to the daily Single Risk Factor, PCA and ad hoc scenario frameworks that GRM actively uses to assess both positioning and structural risks in the SRT books.
- Actively communicate emerging trends/risks and facilitate discussions with trading desks and senior management.
- Develop into a subject matter expert for all Felix-related development work within the GRM domain for the SRT books, and be the key point of contact for business and other wider market risk teams.
- Help develop new and/or improve existing reporting infrastructure wherever required including new risk analytics to improve risk infrastructure.
- On request, help provide ad-hoc analysis on trading strategies and products, RBCCM risk tolerance and objectives.
- Clearly communicate any deficiencies in risk process and infrastructure and facilitate remediation.
- Assisting the MCCR Strategic Developer in automating and enhancing the daily risk monitoring.
What do you need to succeed?
Must-have
- Diligence and attention to detail.
- Desire and motivation to deep-dive into complex and structured products to understand the inherent risks.
- Be able to work under time pressure.
- A strong quantitataive degree or similar/equivalent.
- In-depth knowledge of interest rate option markets and primary risk drivers of those markets/products.
- Communication skills to clearly explain/summaries the market risk views to the trading desk and the senior leadership team.
- As a technical requirement, a reasonably good understanding of Value-at-Risk measurement stress testing and scenario analysis and Greeks Sensitivity analysis specific to the SRT business.
- Reasonable proficiency in Python and Tableau.
Nice-to-have
- Hands-on experience working on a risk/trading desk at a financial company in a quantitative/programming role.
- Strong leadership skills and vision; proven record of leading a team/project and delivering value-added results.
What is 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 compensation
- Leaders who support your development through coaching and managing opportunities
- Opportunities to work with the best in the field
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services.
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.