Associate Director, Gra Risk Methodology

1 week ago


Toronto, Canada Royal Bank of Canada Full time

**Job Summary**

The Associate Director is responsible for methodologies related to market risk, counterparty credit risk and new emerging risks. This includes model specification, implementation, performance monitoring, documenting and presenting of these methodologies.

GRA (Global Risk Analytics) Risk Methodology team has primary responsibility for risk methodologies related to the measurement of market and counterparty credit risk for RBC trading business and selected investment portfolios. This includes leading the methodology specifications, prototype implementation, as well as performance monitoring and maintenance of these methodologies.

**What is the opportunity?**

The Associate Director is responsible for methodologies related to market risk, counterparty credit risk and new emerging risks. This includes model specification, implementation, performance monitoring, documenting and presenting of these methodologies.

GRA (Global Risk Analytics) Core Methodology team has primary responsibility for risk methodologies related to the measurement of market and counterparty credit risk for RBC trading business and selected investment portfolios. This includes leading the methodology specifications, prototype implementation, as well as performance monitoring and maintenance of these methodologies. The team is also responsible for market data and scenarios services to various risk systems.

**What will you do?**
- Develop, implement, document, maintain and monitor methodologies for market risk and CCR across various asset classes (includes fixed income, interest rate derivatives, equity, and foreign exchange). This includes, but not limited to VaR / SVaR / Stress P&L calculations.
- Work with Local and Enterprise Market Risk teams, Risk IT and Enterprise IT to implement end-to-end solution for projects.
- Present methodology proposal and analytical impacts to senior management committee member for approval or sharing information.

**What do you need to succeed?**

**Must-have**
- 2+ years of working experience in quantitative analytics, such as derivative pricing, market risk models or CCR models
- Master’s in Financial, Engineering, Statistics/Mathematics/Physics or equivalent. PhD in Finance, Engineering, Applied Sciences or Economics is a plus.
- Strong programming experience in Python/C++/C# and SQL.
- Strong communication skills in oral and written formats.
- Team players to collaborate and innovate.
- Self-motivated with a high level of analytical capabilities and attention to detail.
- Eager to learn.

**Nice-to-have**
- Experience in a similar role

**What’s in it for you?**
- 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.
- Flexible work/life balance options.
- Work in a dynamic, collaborative, progressive, and high-performing team.
- Opportunities to do challenging work.

**Job Skills**

Client Counseling, Competitive Markets, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, 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**:
2024-11-22

**Application Deadline**:
2024-11-30

**I**nclusion** 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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