Associate Director, Counterparty Credit Risk - Analysis and Measurement

RBC•Toronto, ON

1d•Onsite

About The Position

Counterparty Credit Risk (CCR) provides risk oversight of RBC’s trading activities including (but not limited to) counterparty exposure measurement and monitoring, bespoke transaction adjudication and approval, portfolio risk analysis and reporting. As part of the CCR Analysis and Measurement (CCRAM) team, you will support sizing and risk analysis for new business, bespoke transactions, ad hoc requests, and non-standard trading for Securities Finance Transactions (SFT). This includes identifying key risks and areas of concern and contribute to the development of credit policies and limits.

Requirements

Strong analytical and problem-solving skills.
Solid verbal and written communication skills, with the ability to meet strict deadlines.

Nice To Haves

Good command and hands on experience with Excel, Python, VBA programming, SQL or equivalent programming languages.
Familiarity with the risk profile of various capital markets derivatives, securities finance and cash products.
MBA, MA, MS or equivalent with emphasis in finance, economics or a quantitative discipline is preferred.
FRM, PRMIA, or CFA.

Responsibilities

Pro-actively investigate risks and counterparty deep dives to provide clear and comprehensive analysis to senior management on risk trends and concerns.
Facilitate business growth through the review and assessment of new products, trading strategies or significant transactions ensuring the risks are in line with risk tolerance while recommending and implementing appropriate risk controls.
Contribute to the development of credit policies/limits in conjunction with the business and other risk teams ensuring policies/limits remain current, comprehensive and clearly understood by all business partners.
Work with Group Risk Management (GRM) Credit team to help review the credit risk appetite and help facilitate business activities while ensuring proper risk controls.
Maintain close contact with the business, regional risk teams and other GRM units regarding market conditions, risk positions, and new initiatives promoting collaboration and developing an independent view of current Counterparty Credit Risks to the firm.
Drive the innovation of risk analytic infrastructure working closely with business, IT and Global Risk Analytics team to enhance the existing risk methodologies, model capabilities and tools.
Contribute to the development and code tools to automate and standardize risk measurement and analytics.