Top Benefits
About the role
Job Description
What is the opportunity?
As part of the Group Risk Management (GRM) team, the Manager – Commodity Local Market Risk, Group Risk Management will help promote a “Best of Class” risk oversight environment. This includes the following core components:
- Maintain continuous awareness of the risk profile of the Commodities business
- Definition of approved tradable instruments/products in commodity
- Aid in the construction and monitoring of market risks and limits including Greek sensitivities and stress testing scenario design and shock calibration
- Assist with monitoring compliance and policy requirements
What will you do?
- Ensure market risk accurately reflect the risk exposure with due diligence and monitor changes in portfolio and market condition to extract value-added insight for senior management awareness.
- Analyze key trading strategies and products to ensure they are in line with risk tolerance with the risk-reward
- Collaborate with trading teams to ensure cohesion on key risk issues: systems, limits, risk management
- Manage the development and enhancement of the risk infrastructure (e.g. product mandate, limit reviews, and new business initiative)
- Investigate risks to provide value-added insight to senior management on risk trends and concerns.
- Review significant transactions to help facilitate businesses while ensuring proper risk controls.
- Look for opportunity to improve and standardize processes within the LMR team.
What do you need to succeed?
Must-Have:
- Self-sufficient and independent skill at work. Highly curious and inquisitive.
- Team player & strong inter-personal communication skill to deliver concise message in fast-paced environment
- 1-3 years of experience required in market risk function including: * Deep understanding in financial derivatives, preferably in commodity space * VaR; back-testing; stress testing * Option Greeks * Sensitivity analysis and p/l decomposition
- MBA, MA, MS or equivalent with emphasis in finance, economics or a quantitative discipline
- Experienced in managing and coordinating projects
- Proficiency in Coding through Python, Tableau, Excel, VBA programming and SQL
- Strong investigative skills
- Strong problem-solving skills
Nice-to-have
- Understanding in traditional asset class is a plus
- CFA or FRM designation
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, and competitive compensation
- Potential to utilize transferable skills and grow within other related business areas
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:
2025-10-15
Application Deadline:
2025-11-01
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion 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.
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.
Top Benefits
About the role
Job Description
What is the opportunity?
As part of the Group Risk Management (GRM) team, the Manager – Commodity Local Market Risk, Group Risk Management will help promote a “Best of Class” risk oversight environment. This includes the following core components:
- Maintain continuous awareness of the risk profile of the Commodities business
- Definition of approved tradable instruments/products in commodity
- Aid in the construction and monitoring of market risks and limits including Greek sensitivities and stress testing scenario design and shock calibration
- Assist with monitoring compliance and policy requirements
What will you do?
- Ensure market risk accurately reflect the risk exposure with due diligence and monitor changes in portfolio and market condition to extract value-added insight for senior management awareness.
- Analyze key trading strategies and products to ensure they are in line with risk tolerance with the risk-reward
- Collaborate with trading teams to ensure cohesion on key risk issues: systems, limits, risk management
- Manage the development and enhancement of the risk infrastructure (e.g. product mandate, limit reviews, and new business initiative)
- Investigate risks to provide value-added insight to senior management on risk trends and concerns.
- Review significant transactions to help facilitate businesses while ensuring proper risk controls.
- Look for opportunity to improve and standardize processes within the LMR team.
What do you need to succeed?
Must-Have:
- Self-sufficient and independent skill at work. Highly curious and inquisitive.
- Team player & strong inter-personal communication skill to deliver concise message in fast-paced environment
- 1-3 years of experience required in market risk function including: * Deep understanding in financial derivatives, preferably in commodity space * VaR; back-testing; stress testing * Option Greeks * Sensitivity analysis and p/l decomposition
- MBA, MA, MS or equivalent with emphasis in finance, economics or a quantitative discipline
- Experienced in managing and coordinating projects
- Proficiency in Coding through Python, Tableau, Excel, VBA programming and SQL
- Strong investigative skills
- Strong problem-solving skills
Nice-to-have
- Understanding in traditional asset class is a plus
- CFA or FRM designation
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, and competitive compensation
- Potential to utilize transferable skills and grow within other related business areas
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:
2025-10-15
Application Deadline:
2025-11-01
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion 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.
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.