Risk Manager, Counterparty Credit Risk

Job Description

What is the opportunity?

Counterparty Credit Risk (CCR) provides risk oversight of RBC's trading activities including (but not limited to) counterparty exposure measurement and monitoring, bespoke transaction adjudication and approval, portfolio risk analysis and reporting.

As a Risk Manager in the CCR Analysis and Measurement (CCRAM) team, you will support sizing and risk analysis for new business, bespoke transactions, ad hoc requests, and non-standard trading for Securities Finance Transactions (SFT). This includes identifying key risks and areas of concern and contribute to the development of credit policies and limits.

What will you do?

• Pro-actively investigate risks and counterparty deep dives to provide clear and comprehensive analysis to senior management on risk trends and concerns.
• Facilitate business growth through the review and assessment of new products, trading strategies or significant transactions ensuring the risks are in line with risk tolerance while recommending and implementing appropriate risk controls.
• Contribute to the development of credit policies/limits in conjunction with the business and other risk teams ensuring policies/limits remain current, comprehensive and clearly understood by all business partners.
• Work with Group Risk Management (GRM) Credit team to help review the credit risk appetite and help facilitate business activities while ensuring proper risk controls.
• Maintain close contact with the business, regional risk teams and other GRM units regarding market conditions, risk positions, and new initiatives promoting collaboration and developing an independent view of current Counterparty Credit Risks to the firm.
• Drive the innovation of risk analytic infrastructure working closely with business, IT and Global Risk Analytics team to enhance the existing risk methodologies, model capabilities and tools.
• Contribute to the development and code tools to automate and standardize risk measurement and analytics.

What do you need to succeed?

Must-have

• MBA, MA, MS or equivalent with emphasis in finance, economics or a quantitative discipline is preferred.
• Strong analytical and problem-solving skills.
• Solid verbal and written communication skills, with the ability to meet strict deadlines.

Nice-to-have

• Good command and hands on experience with Excel, Python, VBA programming, SQL or equivalent programming languages.
• Familiarity with the risk profile of various capital markets derivatives, securities finance and cash products.
• 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 and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Job Skills

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:

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At 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 Community

Stay 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