Risk Manager, Ccr Exposure Monitoring

2 months ago


Toronto, Canada RBC - Royal Bank Full time

Job Summary

Develops and implements global risk management reports, systems, and processes to minimize investments risks. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.

Job Description

What is the opportunity?

As Risk Manager in the Counterparty Credit Risk Exposure Monitoring team, you are responsible for daily management of the credit risk framework and will help to facilitate implementation of the stress risk framework as they pertain to derivative exposures. You will support daily monitoring of counterparty exposures against approved risk limits, provide oversight on the completeness and appropriateness of risk measurements, help streamline and automate improved risk monitoring practices and enhance the team's analytic capabilities to deep dive certain portfolios of interest. You will support development, coding efforts, and coordination of required work to properly implement appropriate exposure metrics.

What will you do?

  • Daily reporting of counterparty exposures and limit availability
  • Investigate, document and appropriately report and escalate credit limit excesses as per internal policies inclusive of Conduct Risk
  • Develop tools to pro-actively investigate and appropriately report and escalate material risk trends and concerns
  • Perform deep dive analysis into the risk profile of specific portfolios and counterparties of concern
  • Identify gaps in the risk capturing and reporting processes and ensure the accuracy of results
  • Develop/code tools to automate processes and introduce new analytic capabilities into the reporting/analytic framework
  • Assist in the implementation of a Stress Risk framework, including stress exposure reporting, stress sizing capabilities, analytic and reporting capabilities for stress risk, help to introduce exposure adjustment capabilities, onboard certain product types into the framework, and introduce trade coverage oversight

What do you need to succeed?

Must-have

  • 2+ years of experience at a financial institution in a quantitative Risk Control function such as market or credit risk, with an understanding of capital markets trading products and related credit risk concepts
  • Master's degree in a relevant subject such as Finance, Economics, or other quantitative discipline
  • Good command and hands on experience with Excel, Python, VBA programming, SQL or equivalent programming languages
  • Strong analytical and problem-solving skills
  • Solid verbal and written communication skills
  • Proven organizational skills, with the ability to meet strict deadlines

Nice-to-have

  • FRM, PRMIA, or 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

Decision Making, Financial Instruments, Group Problem Solving, Market Risk, Performance Management (PM), Project Management, Resource Coordination, 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:

Contract (Fixed Term)

Pay Type:

Salaried

Posted Date:

2024-04-26

Application Deadline:

2024-05-04

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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