Associate Director, Enterprise Market Risk Reporting & Analysis
Job Summary
As Associate Director, you will ensure that market risk exposures are provided to stakeholders in a timely and accurate manner, with commensurate analytical insight on the risks. You assist the Director by analyzing and confirming drivers of changes for various trading and FVOCI portfolios, compiling daily/weekly reports, performing daily back-tests, improving the existing reporting infrastructure and providing enhancements to senior management reports.You ensure that the requisite inputs for complete and accurate reporting will be available for reporting periods by working closely with the Regulatory Capital & Analysis team, the Quantitative Risk Analytics team and the various Local Market Risk teams.
Job Description
What is the opportunity?
As Associate Director, you ensure that market risk exposures are provided to stakeholders in a timely and accurate manner, with commensurate analytical insight on the risks. You assist the Director by analyzing and confirming drivers of changes for various trading and FVOCI portfolios, compiling daily/weekly reports, performing daily backtests, improving the existing reporting infrastructure and providing enhancements to senior management reports.You ensure that the requisite inputs for complete and accurate reporting will be available for reporting periods by working closely with the Regulatory Capital & Analysis team, the Quantitative Risk Analytics team and the various Local Market Risk teams.
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.
- Design and develop new requirements for senior management reports, such as weekly Operating Committee report and FVOCI report.
- Understand, analyze and communicate the drivers and trends of risks for RBC and key sub-portfolios, and provide context therein with respect to changes in the market risk profile of the portfolios.
- Engage in Risk Modernization Project and develop/modify template for reporting for ATOM.
- Provide detail risk analysis to senior management (such as quarterly risk reports, monthly/quarterly OSFI submission)
- Maintain a thorough understanding of the methodologies used for Value at Risk (VaR), Stress VaR, Specific Risk (SR) and Stress Testing.
- Generate trends and reports daily for senior management, and communicate key/material changes to all stakeholders.
- Perform daily backtesting, generate weekly Operating Committee report, and quarterly trend analysis report.
- Conduct testing and impact analysis for both strategic initiatives and ad-hoc projects/enhancements.
What do you need to succeed?
Must-have:
- Minimum 5 years of experience in trading or trading risk management roles
- Strong understanding of financial markets and trading businesses, both exchange traded and over the counter markets
- Thorough knowledge of traded instruments including derivatives and their associated risks
- Familiar with VaR and Stress Testing
- Excellent knowledge of MS Excel and exposure to MS Access and other database programs
- Strong knowledge of programming languages and data visualization tools, preferably Python/Visual Basic and Tableau/Power BI.
Nice-to-have:
- MBA, MA or MS or equivalent with emphasis in finance, economics or a quantitative discipline.
- CFA, CA, FRM or other related professional qualifications
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
- Ability to make a difference and lasting impact
- Work in an agile, collaborative, progressive, and high-performing team
- The opportunity to interface with senior level executives from many different parts of the organization
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:
- 5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-02-11
Application Deadline:
2025-02-28
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 embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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