Associate Director, Product Owner
Job Summary
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.
Product Owners within this team serve as core leaders for specific sets of MCCR systems and applications, in partnership with Risk IT. The role involves providing the appropriate insights to development teams on the requirements and associated priority for changes to the applications, while managing stakeholders, including end users of the applications.
What will you do?- Product owner for Counterparty Credit Risk platforms including, but not limited to Counterparty risk for OTC Derivatives, Issuer Risk for Fixed Income and Equities products across RBC Enterprise portfolio.
- Accountable for all changes that are implemented within the pricing engines, data transformations and limits monitoring with the ability to explain the purpose, benefit, approach, rationale, priority, and cost.
- Ensure that stakeholder requirements, expectations, and priorities are appropriately captured and articulated to product teams, and that delivered changes meet acceptance criteria.
- Maintain strong stakeholder relationships, ensuring that stakeholders clearly understand deliverables and timelines and are appropriately engaged in testing and impact analysis.
- Contribute to the MCCR IT Prioritization Forum and MCCR Operating Committee for communication, input, discussion, and decisions on items related to Analytics applications.
- Review and challenge cost and time estimates along with benefit value statements to ensure appropriate use of funding and prioritization of resource.
- Be an advocate of agility and continuous improvement, supporting teams and stakeholders through significant infrastructure and process changes.
- Fulfil the role of Product Owner for specific applications, where needed, including grooming & prioritizing Epics and Stories, participating in agile ceremonies, leading product release planning, and playing an active role in mitigating impediments that impact the successful and efficient completion of Sprint/Release goals.
What do you need to succeed?
Must have:
- Minimum 5 years of relevant Counterparty Credit Risk or Market Risk experience,
- Graduate degree in Quantitative or Technical discipline
- Solid understanding of capital markets financial products and their pricing models,
- Thorough understanding of financial institutions business process and risk management framework, including regulatory environment.
- Excellent verbal and written communication skills along with stakeholder management skills
Nice-to-have:
- Professional certification (e.g., CFA, FRM)
- Programming skills such as Python, VBA
- Strong understanding of Agile delivery and Product Ownership
- Proven experience with business systems analysis and program management
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, commissions, and stock where applicable
- 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
- A world-class training program in financial services
- Flexible work/life balance options
- Opportunities to do challenging work
#LI-Hybrid
#LI-POST
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:
2025-03-05
Application Deadline:
2025-03-20
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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