Manager, Enterprise Market Risk Reporting

Job Description What is the opportunity? As part of the Group Risk Management (GRM) team, the Manager, Enterprise Market Risk Reporting & Analysis will ensure that all market risk exposures and any material changes are provided to stakeholders in a timely and accurate manner, with commensurate analytical insight and its appropriate communication. You assist the Director and Senior Manager, Enterprise Market Risk Reporting & Analysis by analyzing and confirming the drivers for various trading portfolios, compiling the daily/weekly reports, performing the daily backtest, improving the existing reporting infrastructure and carrying out ad-hoc requests from senior management. What will you do? Provide timely accurate and complete market risk reporting and analysis, owning the end-to-end processes that facilitate this reporting stream Understand, analyze and communicate the drivers, trends and for RBC (and key sub-portfolios) and provide context therein with respect to changes in the market risk profile of the business. Perform daily reconciliation between EMR and local market risk team Maintain a thorough understanding of the methodologies used for Value at Risk (VaR), Stress VaR, Specific Risk (SR), Stress Test scenario Generate trends and reports daily for senior management, and communicate key/material changes to all stakeholders Participate in other ad hoc analysis around RBC’s market risk exposures, including longer-term trend analysis of historical risk results / concentrations Perform daily backtesting, generate weekly Operating Committee report, and quarterly trend analysis report Maintain the database for historical trend analysis What do you need to succeed? Must-have 2+ years of experience in trading or trading risk management roles MBA, MA or MS or equivalent with emphasis in finance, economics or a quantitative discipline Thorough knowledge of traded products including derivatives and their associated risks Excellent knowledge of Tableau, MS Excel and exposure to MS Access and other database programs (SQL) Strong knowledge of programming languages, preferably Python Nice-to-have CFA, CA, FRM or other related professional qualifications Familiar with VaR and Stress Testing Good understanding of financial markets and trading businesses, both exchange traded and over the counter markets 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, 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 Flexible work/life balance options Job Skills Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Microsoft Excel VBA Programming, Python (Programming Language), Risk Management, Tableau (Software) 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. #J-18808-Ljbffr