Associate Direction, Ccr Exposure Monitoring

3 months ago

Toronto, Canada Royal Bank of Canada Full time

**Job Summary**

As Associate Director (AD) 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 is the opportunity?**

As Associate Director (AD) 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 monitoring of counterparty exposures and limit availability
- Investigate and escalate credit limit excesses as per internal policies inclusive of Conduct Risk
- Develop tools to pro-actively identify material risk trends and counterparty 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 tools to automate processes and introduce new analytic capabilities into the reporting/analytic framework
- Assist in the implementation of the Derivative 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**
- 3+ 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
- 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**

Business Performance Management, Investment Banking Analysis, Investment Economics, Investment Management Systems, Investment Performance Measurement, Investment Risk, Investment Risk Management, Market Risk, Operational Risks, Performance Management (PM), Quality Management, Risk Management, Standard Operating Procedure (SOP)

**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**:
2024-09-03

**Application Deadline**:
2024-09-21

**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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