Risk Manager, Counterparty Credit Risk

Job DescriptionWhat is the opportunity?Counterparty Credit Risk Data Management is responsible for ensuring the infrastructure accurately reflects RBC’s risk appetite and legal agreements on credit mitigation. This will involve a range of complexity from low-touch automated data to exceedingly complex client and agreement structures for which you will engage multiple groups to investigations and propose mapping solutions.Timely and accurate mapping of client credit data contributes to successful measurement of credit risk exposures and capital requirements, as well as and pre-trading pricing, compliance and availability checks performed by the front office traders.What will you do? Conduct timely and thorough investigations around complex client reference data – primarily in relation to OTC derivative clients and their associated credit hierarchies, limit structures, and collateral and netting agreement terms.Engage various functions within CCR and across Capital Markets to provide subject matter expertise in support of new or evolving processes or client structures.Work with a team of risk managers to carrying out accurate, timely, and efficient management of critical credit limit and trading agreement data to support all trading activities on the RBC Capital Markets and RBC IS platforms. Significant data sets include:130,000+ counterparty and issuer credit limits in RBC trading limit systemsKey collateral and margin agreement information related to over 15,000 derivative agreements in the collateral systemCredit and Settlement netting records for all OTC derivative, FX, and Continuously Linked Settlements agreements.Conducting efficient analysis of large data sets for ad hoc reporting to management and stakeholders.Identifying and escalating system infrastructure issues to appropriate support teams and management as needed and identifying opportunities to improve process efficiencies either through development or the use of other technical tools.What do you need to succeed? Must-have Undergraduate degree, preferably in Finance or Business2-4 years’ experience in a capital markets risk, control or data management functionExperience in database/data management and analysisStrong PC skills, particularly Microsoft office,Strong writing, communication, and interpersonal skillsAbility to work in fast paced dynamic environment with changing prioritiesHigh standards for accuracy and efficiency.Nice-to-have    Understanding of credit management including limit adjudication and credit mitigation strategies (i.e., collateral, guarantees, etc.)Experience working with SQL, VBA, and PythonWhat’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 applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamA world-class training program in financial servicesFlexible work/life balance optionsOpportunities to do challenging workOpportunities to take on progressively greater accountabilities  Opportunities to building close relationships with clientsAccess to a variety of job opportunities across business and geographiesJob SkillsAd Hoc Reporting, Business Data Analysis, Capital Markets, Collateral Management, Communication, Counterparty Credit Risk (CCR), Credit Analysis, Critical Thinking, Data Analysis, Database Queries, Data Visualization, Decision Making, Financial Risk, Process Efficiencies, Quantitative Methods, Reference Data, Risk ManagementAdditional Job DetailsAddress:ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity:TorontoCountry:CanadaWork hours/week:37.5Employment Type:Full timePlatform:GROUP RISK MANAGEMENTJob Type:RegularPay Type:SalariedPosted Date:2025-12-18Application Deadline:2026-01-03Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.