Risk Manager, Enterprise Market Risk Regulatory

3 months ago

Toronto, Canada Royal Bank of Canada Full time

**Job Summary**

Develops and implements global risk management reports, systems, and processes to accurately report and explain market risk capital metrics. Applies experience, knowledge, skills, and practices to perform a variety of assignments.

**What is the opportunity?**

The role of Risk Manager, Enterprise Market Risk Regulatory Capital Reporting & Analysis, is to ensure that all market risk regulatory capital reporting is provided to all stakeholders in a timely and accurate manner, with commensurate analytical insight and appropriate communication. The Risk Manager will assist the Director, EMR Regulatory Capital Risk & Reporting by translating senior management’s requirements into clear and concise reports, ensuring an efficient reporting process that improves upon and leverages the current infrastructure.

The Risk Manager will ensure that the requisite inputs for complete and accurate reporting will be available for reporting periods by working closely with the Market Risk Reporting & Analysis team, the Global Risk Analytics team and the various Local Market Risk teams that contribute to the complete reporting data set.

This is a key position for linking the current market environment to trading risks faced by RBC.

**What will you do?**
- Provide timely accurate and complete market risk regulatory and economic capital reporting and analysis, owning the end to end processes that facilitate this reporting stream.
- Understand, analyze and communicate the drivers, trends and dependencies of the market risk regulatory and economic capital charges for RBC (and key sub-portfolios) and provide context therein with respect to changes in the market risk profile of the business
- Maintain a thorough understanding of the methodologies used for FRTB Standardized Approach (SA) capital computations including Sensitivities Based (SBA), Default Risk (DRC), and Residual Risk (RRAO) charges
- Compare and contrast FRTB SA Capital against current Business as Usual (BAU) risk management metrics (VaR, SVaR, PV01, CS01, etc.)
- Ensure that market risks are aggregated appropriately and accurately across asset classes and business lines
- Manage the initiatives around the build-out of the team’s frequency and scope of regulatory capital reporting by responding to ad hoc requests from senior members of GRM / business heads / Finance / Corporate Treasury and other departments / committees, providing analysis of proposed new business initiatives with regards to regulatory capital representation and ensuring oversight of the reporting framework, driving change and enhancements for improved controls, centralization and automation where feasible, ensuring alignment with current strategic initiatives
- Provide a consistent and unified framework for reporting and analyzing trading book market risk regulatory capital across the bank
- Participate in other ad hoc analysis around RBC’s market risk exposures. This includes longer-term trend analysis of historical risk results / concentration, forward-looking analysis of the impacts of new initiatives or regulatory changes (such as Quantitative Impact Studies and Complete Self Assessment Programs for the assessment of our Regulatory Capital measurement implementation.

**What do you need to succeed?**

**Must-have**
- Good understanding of financial markets and trading businesses, both exchange traded and over the counter markets
- Thorough knowledge of traded products including derivatives and their associated risks
- Good understanding of the bank and broker-dealer regulatory environment
- Working knowledge of trading book capital requirements
- Excellent knowledge of MS Excel and exposure to MS Access and other database programs
- Strong knowledge of programming languages, preferably Visual Basic and python
- Excellent communication skills

**Nice-to-have**
- Experience in trading or trading risk management roles
- MBA, MA or MS or equivalent with emphasis in finance, economics or a quantitative discipline
- CFA, CA or other related professional qualifications

**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, competitive compensation, commissions, and stock where applicable
- 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
- The opportunity to interface with senior level executives from many different parts of the organization

**Job Skills**

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

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