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Associate Director- Commodity Market Risk

2 weeks ago

Toronto, Ontario, Canada RBC Full time $120,000 - $180,000 per year

Job Description
What is the opportunity?
The Associate Director – Commodity Local Market Risk, Group Risk Management, will play a pivotal role in establishing and maintaining a top-tier risk oversight framework. Key responsibilities include:

  • Monitor and Evaluate the Risk Profile: Maintain a deep and continuous understanding of the risk landscape and business activities for the Commodities business, with a specific focus on power and natural gas trading. Proactively identify, assess, and address potential risk exposures. Experience with other commodities, particularly other energy and environmental products, is a plus.
  • Define Approved Tradable Instruments and Products: Develop and enforce a clear framework for approved tradable instruments and products within the Commodities space, ensuring alignment with the organization's risk appetite and strategic goals.
  • Design and Manage Market Risk Metrics and Limits: Assist in the creation and implementation of comprehensive risk metrics, including Greek sensitivities, stress testing scenarios, and stress shock calibrations. These tools will assess and quantify risks under both standard and adverse market conditions.
  • Ensure Compliance and Policy Adherence: Monitor activities to ensure full compliance with internal risk management policies and external regulatory requirements. Oversee adherence to established risk limits and frameworks, providing timely reporting and insights.

What will you do?

  • Monitor and Analyze Risk Exposure: Ensure market risks accurately reflect the organization's exposure by performing in-depth due diligence. Track portfolio changes and market conditions to deliver actionable insights for senior management.
  • Provide Risk Insights: Investigate emerging risks and deliver value-added insights to senior management, highlighting key trends, potential concerns, and areas requiring attention.
  • Evaluate Trading Strategies: Assess key trading strategies and products to ensure they align with the organization's risk tolerance and deliver an appropriate risk-reward balance.
  • Collaborate with Trading Teams: Partner with trading teams to address critical risk-related issues, including system functionality, risk limits, and overall risk management, fostering alignment and effective communication.
  • Enhance Risk Infrastructure: Lead the development and refinement of the risk management framework, including product mandates, limit reviews, and assessments of new business initiatives.
  • Facilitate Stakeholder Collaboration: Coordinate across multiple stakeholders to support project-related tasks, including large-scale initiatives like risk modernization and ad-hoc requests from various functional groups.
  • Oversee Significant Transactions: Review and assess major transactions to support business objectives while ensuring robust risk controls and adherence to organizational policies.
  • Drive Process Improvement: Identify and implement opportunities to enhance and standardize processes within the Local Market Risk (LMR) team, promoting efficiency and consistency.

What do you need to succeed?
Must-Have:

  • Independent and Curious: Demonstrates the ability to work autonomously with minimal supervision, coupled with a natural curiosity and eagerness to explore and solve complex problems.
  • Strong Team Player with Excellent Communication Skills: Thrives in collaborative environments and possesses exceptional interpersonal communication skills. Capable of delivering clear, concise, and impactful messages in high-pressure, fast-paced settings.

  • Market Risk Expertise (3–7 Years): Extensive experience in trade floor market risk functions, including:

  • Superior written and verbal communication skills, with the ability to simplify and present complex technical concepts to senior risk and business leaders.

  • Demonstrated interest in markets and the ability to proactively anticipate impacts to a given risk profile.
  • Deep understanding of Commodity-style vanilla and exotic derivative products, specifically pricing and risks in the North American Power and Natural Gas space.
  • Expertise in non-linear products and the dynamics of option Greeks.
  • Proficiency in Value-at-Risk (VaR) measurement and back-testing.
  • Advanced skills in stress testing, scenario analysis (e.g., "what-if" scenarios), sensitivity analysis, and P&L decomposition.

  • Strong knowledge of regulatory capital requirements under the FRTB framework.

  • Educational Background: Holds an MBA, MA, MS, or an equivalent qualification with a focus on finance, economics, or a quantitative discipline.

  • Project Management Skills: Proven experience in managing and coordinating projects, ensuring timely and efficient execution of deliverables.

  • Technical Proficiency: Advanced capabilities in coding and data analysis, including:

  • Python

  • Tableau

  • Bloomberg

  • Analytical and Problem-Solving Skills: Demonstrates strong investigative abilities and a structured approach to identifying, analyzing, and resolving complex challenges.

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, competitive compensation, commissions, and stock where applicable
  • Potential to utilize transferable skills and grow within other related business areas

Job Skills
Decision Making, Financial Instruments, Group Problem Solving, Market Risk, Performance Management (PM), Resource Coordination, Risk Management, Waterfall Model

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
I
*nclusion*
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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