Risk Manager, Counterparty Credit Risk

7 days ago

Toronto, Ontario, Canada Royal Bank of Canada Full time

Come Work with Us
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.


Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.


Job Title
Risk Manager, Counterparty Credit Risk

What is the opportunity?


The Counterparty Credit Risk group provides independent and effective on-site monitoring, controlling and communicating on the nature and extent of all material market and trading credit risks and to ensure the implementation of and compliance with risk management policies and procedures.

The incumbent will lead in developing and promoting a "Best in Class" risk oversight environment for the market risk associated with RBC's Capital Market businesses and activities.


What will you do?

  • Provide risk oversight for RBC's Capital Market trading, acting as a key link between trading staff, management and Group Risk Management.
  • Oversee and enhance risk control processes for the business: Develop key sensitivity metrics, implement metrics and establish risk reporting; establish and implement appropriate limits to ensure that business is operating within approved policies and limits; identify supplementary risk controls that may be required to manage the risks and exposure as necessary
  • Frequently involve in the counterparty risk framework with regard to various valuation adjustments (CVA, FVA, discounting VA etc) for derivative products across the bank.
  • Be a key partner to the business in the development of the Risk Control frameworks as it pertains to a robust risk oversight and control governance infrastructure.
  • Monitor trading activities and exposures to ensure they are within approved policies and limits, and that reports are timely and accurate.
  • Promote a greater focus on risk analysis, and provide effective and constructive challenge to the Front Office where appropriate through active dialogue regarding business strategies, risk representation, and limit compliance.
  • Provide insights and commentary on key risks and exposures versus market trends and potential events.
  • Ensure that all material market risk models are independently vetted and certified before the commencement of trading.

What do you need to succeed?

Must-have

  • Minimum of 35 years of experience working in a Market Risk / Sales&Trading (or related) role including: potential future exposure measurement and backtesting, derivative documentation and collateral arrangements, strong knowledge of counterparty credit and market risk concepts (credit risk analysis, market risk sensitivity analysis, VaR, stress testing etc.)
  • In depth knowledge of vanilla and exotic derivative products spanning all asset classes, including Fixed income, Credit, Foreign Exchange and Equity
  • Strong written and oral communication skills with the ability to condense complex details into narratives suitable for communication with senior risk and business management

Nice-to-have

  • Previous experience leading and mentoring and building a high performance team
  • Leadership role in large scale projects with a tractable success rate
  • CFA/ FRM / PRA are an asset

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 variety of asset classes within RBC business units
  • Opportunity to learn and lead comprehensive and amalgamated derivative businesses and strategies within Market Risk and Sales &Trading
  • Potential to utilize transferable skills and grow within other related business areas
  • A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact

Job Summary

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Group Risk Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

:00

Application Deadline:

:00

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, c

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