Director, Enterprise Market Risk Non-trading
4 days ago
**Job Summary**
This role is responsible for building and leading the Non-trading Market Risk function, ensuring an efficient and clear expansion of the Market Risk framework to cover RBC’s Non-Trading Portfolio businesses, aligning with the Market Risk Enterprise Management Target Operating Model and best practices.
This role is responsible for providing risk management oversight and guidance to the different non-trading business lines through independent monitoring, assessments of the control environment, and communication of all material market risk positions
- including developments, trends/concentrations, and ensuring the implementation of, and compliance with risk management policies.
**What is the opportunity?**
The Director is primarily responsible for building and leading the Non-trading Market Risk function, ensuring an efficient and clear expansion of the Market Risk framework to cover RBC’s Non-Trading Portfolio businesses, aligning with the Market Risk Enterprise Management Target Operating Model and best practices.
The incumbent will have adjudication responsibilities that are focused on providing risk management oversight and guidance to the different non-trading business lines through independent monitoring, assessments of the control environment, and communication of all material market risk positions
- including developments, trends/concentrations, and ensuring the implementation of, and compliance with risk management policies.
This position reports to the Senior Director, Enterprise Market Risk Oversight & Analysis who, in turn, reports to the VP. Enterprise Market Risk
**What will you do?**
- Implement and coordinate of an integral market risk management framework for the subsidiary companies’ balance sheets: Insurance, Wealth Management, Pension, Structural FX, Corporate Venture Capital, Private Equity, and other Banking products.
- Perform and identify gap analysis to establish remediation plans for adherence to internal policies, and compliance with local and international regulatory requirements for the subsidiary companies.
- Implement and enhance market risk practices and key oversight programs within non-trading businesses.
- Provide senior management with insights on potential developments, risk concentrations, and risk trends that could result in significant financial losses under adverse market conditions.
- Conduct regular reviews of the Risk Appetite and Risk Limits frameworks for Market Risk, ensuring that risks are appropriately managed, and tolerances are appropriately calibrated at the Enterprise level and by key business lines.
- Develop and execute market risk projects to implement a feasible infrastructure and enable reliable market risk measures, providing requirements in the design of key components of the strategic market risk platform, and ensuring these components are delivered effectively by IT.
- Develop and maintain comprehensive Traded Risk Management policies and procedures, and conduct due diligence for new products.
- Act as key business partner to first line/second line functions.
**What do you need to succeed?**
**Must-have**
- Minimum 10 years of experience in risk management roles.
- Deep understanding of bank and non-trading businesses’ balance sheet composition -including market risk, regulatory environment, reporting/controls.
- Strong understanding of financial markets, trading businesses, exchange traded and over the counter markets.
- Strong knowledge of traded products including derivatives and their associated risks - including financial accounting practices.
- Excellent written and oral communication skills, including presenting to senior audiences.
- MBA, MS or equivalent, with emphasis in finance, economics or a quantitative discipline.
- Excellent knowledge of MS Excel, familiarity with SQL and database programs, and programming languages such as Python and Visual Basic.
- Three years of supervisory experience.
**Nice-to-have**
- In-depth knowledge of RBC Risk Policies, Procedures, and Practices.
- CFA, CA or other related professional qualifications.
- Sound understanding of the role of second line of defence risk governance.
**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, and competitive compensation
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to take on progressively greater accountabilities
- Leaders who support your development through coaching and managing opportunities
- Flexible work/life balance options
**Job Skills**
Business Analytics, Derivatives, Effe
-
Toronto, Canada RBC Full timeJob Summary This role is responsible for building and leading the Non-trading Market Risk function, ensuring an efficient and clear expansion of the Market Risk framework to cover RBCs Non-Trading Portfolio businesses, aligning with the Market Risk Enterprise Management Target Operating Model and best practices. This role is responsible for providing risk...
-
Toronto, Canada RBC Full timeJob Summary This role is responsible for building and leading the Non-trading Market Risk function, ensuring an efficient and clear expansion of the Market Risk framework to cover RBCs Non-Trading Portfolio businesses, aligning with the Market Risk Enterprise Management Target Operating Model and best practices. This role is responsible for providing risk...
-
Toronto, Canada Royal Bank of Canada> Full timeJob SummaryThis role is responsible for building and leading the Non-trading Market Risk function, ensuring an efficient and clear expansion of the Market Risk framework to cover RBC’s Non-Trading Portfolio businesses, aligning with the Market Risk Enterprise Management Target Operating Model and best practices. This role is responsible for providing risk...
-
Risk Manager, Enterprise Non-trading Market Risk
5 months ago
Toronto, Canada TD Bank Full time**Work Location**: Toronto, Ontario, Canada **Hours**: 37.5 **Line of Business**: Risk Management **Pay Details**: **Department Overview**: **A World-Class, Diverse, Inclusive and Forward-Thinking Risk Management Team** **Curious, creative, innovative, independent. Do any of these attributes describe you? If so then you may be perfectly suited for our...
-
Associate Director, Enterprise Market Risk
6 months ago
Toronto, Canada Royal Bank of Canada Full time**Job Summary** **What is the opportunity?** The role of Associate Director, 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 Associate Director...
-
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 &...
-
Head of Markets
18 hours ago
Old Toronto, Canada RBC Full timep>Job SummaryThis role is responsible for building and leading the Non-trading Market Risk function, ensuring an efficient and clear expansion of the Market Risk framework to cover RBC’s Non-Trading Portfolio businesses, aligning with the Market Risk Enterprise Management Target Operating Model and best practices.This role is responsible for providing risk...
-
Director, Enterprise Risk Management
1 week ago
Toronto, Canada University Pension Plan Full timeABOUT UPP UPP is the first pension plan of its kind in Ontario’s university sector, proudly serving over 40,000 members across four universities and fourteen sector organizations. Our purpose is to bring greater retirement peace of mind to the university sector by investing with integrity and serving members with care. As a sector-wide plan designed for...
-
Director, Enterprise Risk Management
4 months ago
Toronto, Canada the Ladders Full timePosition Title: Director, Enterprise Risk ManagementDepartment: General Counsel's OfficeLocation: TorontoStatus: Permanent, Full-Time (Hybrid)Reporting to the General Counsel and Corporate Secretary, the Director of Enterprise Risk Management is responsible for the leadership, governance, and manage
-
Vice President, Enterprise Risk Management
2 weeks ago
Toronto, Canada Sumitomo Mitsui Banking Corporation Full time**Purpose of Position**: The Vice President, Enterprise Risk Management (ERM) will be responsible for working with the Executive Director, ERM in the independent identification, measurement, assessment, and monitoring and reporting of all significant risks to the organization. This position will be responsible for the production of various ERM reports as...
-
Director, Enterprise Risk
3 months ago
Toronto, Canada Thomson Reuters Full timeAre you passionate about the chance to bring your experience to a world - class company that is market-leading for both content and technology? If yes, we are looking for you! Join our team! In this exciting opportunity as Director, Enterprise Risk & Policy Governance, you will play a pivotal role in enhancing TR's global enterprise risk management...
-
Market Risk Analyst
5 months ago
Toronto, Canada TD Bank Full time**Work Location**: Toronto, Ontario, Canada **Hours**: 37.5 **Line of Business**: Risk Management **Pay Details**: **Department Overview**: **The Market Risk team is responsible for an independent oversight of enterprise wide market, counterparty credit and liquidity risk. This team ensures all significant risks and results are measured and reported. Our...
-
Enterprise Risk Management Audit, Vice President
6 months ago
Toronto, Canada State Street Full timeWho we are looking for We are looking for an Enterprise Risk Management Audit, Vice President to provide leadership in executing Audit’s assurance coverage over Financial risks. Enterprise Risk Management provides independent risk oversight over State Street’s business activities. The Financial Risks include Market, Credit (including Trading Credit )...
-
Director - Insurance & Enterprise Risk
1 week ago
Old Toronto, Canada Scotiabank Full timeh3>Title: Director, Corporate Risk Management and InsuranceRequisition ID: 211179Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture.The Director, Corporate Risk Management and Insurance is part of the Risk Oversight Reporting team in Enterprise Risk Management reporting to the VP, Risk Oversight Reporting to...
-
Vice President, Enterprise Risk Management
2 weeks ago
Toronto, Canada SMBC Group Full timePurpose of Position The Vice President, Enterprise Risk Management (ERM) will be responsible for working with the Executive Director, ERM in the independent identification, measurement, assessment, and monitoring and reporting of all significant risks to the organization. This position will be responsible for the production of various ERM reports...
-
Managing Director, Enterprise Risk Management
6 months ago
Toronto, Canada TMX Full timeVenture outside the ordinary - TMX Careers The TMX group of companies includes leading global exchanges such as the Toronto Stock Exchange, Montreal Exchange, and numerous innovative organizations enhancing capital markets. United as a global team, we're connecting cross-functionally, traversing industries and geographies, moving opportunity into action,...
-
Associate Director, Market Risk
1 month ago
Toronto, Canada Royal Bank of Canada> Full timeJob SummaryCNB is seeking a candidate to join its Group Risk Management Market and Counterparty Credit Risk team as an Associate Director. Working with Enterprise and local stakeholders, the incumbent will assist with the development of infrastructure to enable prudent risk management and ensure CNB Market and Counterparty Risk Management is compliant with...
-
Manager, Enterprise Risk
3 months ago
Toronto, Canada Healthcare of Ontario Pension Plan (HOOPP) Full timeWhy you’ll love working here: - high-performance, people-focused culture- our commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selves- learning and development initiatives, including workshops, Speaker Series events and access...
-
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...
-
Associate Director, Group Risk Management
5 months ago
Toronto, Canada Royal Bank of Canada Full time**Job Summary** As part of the Group Risk Management (GRM) team, the Associate Director, Wholesale Credit Risk, will provide risk assessment and adjudication for complex Capital Markets transactions. As trading and lending credit risk is the predominant form of credit risk that RBC incurs with respect to Asset Manager Sponsors and Financial Market...