Associate Director, Counterparty Credit Risk Exposure Monitoring – Derivatives

What is the opportunity? Counterparty Credit Risk (CCR) is responsible for providing risk oversight of RBC’s trading activities including counterparty exposure measurement and monitoring, portfolio risk analysis and reporting. As Associate Director (AD) in the Exposure Monitoring (CCREM) team, you will support daily monitoring of counterparty exposures against approved risk limits for the derivatives portfolio, provide oversight on the completeness and appropriateness of risk measurements, help streamline, improve, and automate risk monitoring practices and enhance the team’s analytic capabilities. This risk monitoring oversight includes monitoring portfolios to identify noteworthy trends/areas of risk, contributing to CCR policies, assessing emerging risks and participation in reporting/analytical tool enhancements. You will work closely with other groups to provide project development support in the areas of coordination, coding and testing. What will you do? Pro-actively investigate risks to provide clear and comprehensive analysis to all levels of the risk management organization highlighting potential areas of concern. Monitor, investigate and where appropriate, escalate credit and collateral limit excesses as per internal policies. Perform deep dive analysis into the risk profile of specific portfolios and counterparties of concern. Identify gaps in the risk capturing and reporting processes and ensure the accuracy of results. Drive the innovation of risk infrastructure, working closely with business, IT and Global Risk Analytics team to enhance the existing risk methodologies and model capabilities. Develop tools to automate processes and introduce new analytic capabilities into the reporting/analytic framework, enabling the team to review and analyze portfolio risks in a timely and accurate fashion. These tools will enable the team to readily identify, investigate and summarize notable risk trends that are escalated (as appropriate) to Sr Management. Assist in the implementation of project-based initiatives. What do you need to succeed? Must-have 3+ years of experience at a financial institution in a quantitative Risk Control function such as market or credit risk, with an understanding of capital markets trading products and related credit risk concepts Master’s degree in a relevant subject such as Finance, Economics, or other quantitative discipline Strong command and hands on experience with Excel, Python, and SQL Strong analytical and problem-solving skills Solid verbal and written communication skills Proven organizational skills, with the ability to meet strict deadlines Nice-to-have FRM, MFRM, PRMIA, or CFA Background knowledge of Derivative and SFT products and markets including: Pricing and risk measurement methodologies, Market structure/dynamics, types of participants, drivers of activity 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 Leaders who support your development through coaching and managing opportunities Ability to make a difference and lasting impact Work in an dynamic, collaborative, progressive, and high-performing team Job Skills Business Data Analysis, Communication, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Quantitative Methods, Risk Management 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: 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. #J-18808-Ljbffr