Associate Director, Counterparty Credit Risk Strategic Delivery

RBC • Toronto, ON

2d • Onsite

About The Position

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. The Associate Director within this team will focus on strategic multi-year program to enhance Counterparty Credit Risk platforms that includes, but not limited to: risk measurement including end of day and intraday pre-trade risk measurements across all Capital markets trading products, limits monitoring analytics capabilities, Credit risk data analysis and reporting functionalities. The role involves working in partnership with CCR Risk Managers, Global Risk Methodology, Credit Adjudicators and Global Functions Technology. The role involves providing the appropriate insights to development teams on the requirements, solution design, risk methodology and associated priority for the applications enhancements, while managing stakeholders, including end users of the applications.

Requirements

• 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 Haves

• Professional certification (e.g., CFA, FRM).
• Programming skills such as Python, VBA, SQL.
• Proven experience with risk management analysis and program management.
• Thorough understanding of Financial Institutions business process and risk management framework, including regulatory environment.

Responsibilities

• Associate Director for Counterparty Credit Risk platforms will be covering the risk oversight for OTC Derivatives, Security Finance, Trading and Non-Trading inventory 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 Programs Delivery Governance forums 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.

Benefits

• 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.
• Opportunities to do challenging work and make a difference.
• Access to a variety of job opportunities across business and geographies.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level