Product Owner

Job Description

What is the opportunity?
The Market & Counterparty Credit Risk (MCCR) area within Group Risk Management provides independent and effective monitoring, control and communication on the nature and extent of market and counterparty credit risks. The group also ensures the implementation of and compliance with relevant risk management policies and procedures.

The Strategic Delivery group within MCCR is responsible for the management of the infrastructure to enable MCCR to deliver on its mandate, primarily the infrastructure used for the measurement, reporting, analysis, monitoring and control of market and counterparty credit risks.

The Product Owner within this team serve as core leaders for specific sets of MCCR systems and applications, in partnership with Enterprise GFT (Global Functions Technology) and Capital Markets' QTS ( Quantitative and Technology Services).

The focus for this role is to provide insights and requirements for FRTB market risk capital calculation including calculation and reporting specifications.

What will you do?

• Triage and translate business requirements into well-defined product requirements, including business outcomes, user stories, and acceptance criteria, for FRTB market risk applications
• Clarify risk requirements and concepts to IT teams (Risk IT and QTS)
• Perform UAT testing for FRTB functional changes
• Work with GRA and Enterprise Market Risk to understand the current report and translate them into the requirements
• Sensitivity and risk analysis across various valuation systems to ensure the risk output is reconciled and explained post methodology enhancements
• Prioritize and maintain the priority backlog for FRTB, understanding the benefits and materiality of outcomes and balancing the requirements of stakeholders.
• Raise prioritization and timeline concerns to Business Leads in a timely manner to ensure stakeholders' concerns are proactively resolved.
• Strong partnership with IT partners (GFT and QTS), Program Delivery teams (Risk and Capital Markets)

What do you need to succeed?

Must-have

• Graduate degree in Quantitative or Technical discipline
• Minimum 5 years relevant industry experience
• Strong background in market risk, including sensitivity analysis, FRTB capital and VaR
• Strong working experience in SQL and Python
• Excellent Stakeholder Management and Communication skills

Nice-to-have

• Previous market risk project experience, engagement with IT stakeholders
• Proven experience with business systems analysis and program management
• Thorough understanding of Financial Institutions business process and risk management framework, including regulatory environment

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.

• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work and make a difference
• Opportunities to building close relationships

Job Skills

Agile Methodology, Big Data, Business Objectives, Business Solutions Design, Counterparty Risk Management, Credit Risk Modeling, Credit Risk Reporting, IT Solution Design, Market Risk Management, Market Risk Modeling, Python (Programming Language), Structured Query Language (SQL)

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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