Manager - Local Market Risk

Job Description

What is the opportunity?

As part of the Group Risk Management (GRM) team, the Manager – Commodity Local Market Risk, Group Risk Management will help promote a "Best of Class" risk oversight environment. This includes the following core components:

• Maintain continuous awareness of the risk profile of the Commodities business
• Definition of approved tradable instruments/products in commodity
• Aid in the construction and monitoring of market risks and limits including Greek sensitivities and stress testing scenario design and shock calibration
• Assist with monitoring compliance and policy requirements

 What will you do?

• Ensure market risk accurately reflect the risk exposure with due diligence and monitor changes in portfolio and market condition to extract value-added insight for senior management awareness.
• Analyze key trading strategies and products to ensure they are in line with risk tolerance with the risk-reward
• Collaborate with trading teams to ensure cohesion on key risk issues: systems, limits, risk management
• Manage the development and enhancement of the risk infrastructure (e.g. product mandate, limit reviews, and new business initiative)
• Investigate risks to provide value-added insight to senior management on risk trends and concerns.
• Review significant transactions to help facilitate businesses while ensuring proper risk controls.
• Look for opportunity to improve and standardize processes within the LMR team.

What do you need to succeed?

Must-Have:

• Self-sufficient and independent skill at work. Highly curious and inquisitive.
• Team player & strong inter-personal communication skill to deliver concise message in fast-paced environment
• 1-3 years of experience required in market risk function including: * Deep understanding in financial derivatives, preferably in commodity space * VaR; back-testing; stress testing * Option Greeks * Sensitivity analysis and p/l decomposition
• MBA, MA, MS or equivalent with emphasis in finance, economics or a quantitative discipline
• Experienced in managing and coordinating projects
• Proficiency in Coding through Python, Tableau, Excel, VBA programming and SQL
• Strong investigative skills
• Strong problem-solving skills

Nice-to-have

• Understanding in traditional asset class is a plus
• CFA or FRM designation

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.

• Opportunity to learn a variety of asset classes and be exposed to multiple trading businesses, including structured products
• Rewarding opportunity for accelerated career progression for high performers
• Ability to make a difference and lasting impact 
• Strong leaders and peers who support your development through coaching and managing opportunities
• A comprehensive Total Rewards Program including bonuses and flexible benefits, and competitive compensation
• Potential to utilize transferable skills and grow within other related business areas

Job Skills

Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Management

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

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.

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