Associate Director, Counterparty Credit Risk in New York, NY

Royal Bank of Canada•New York, NY

5d•Onsite

About The Position

Royal Bank of Canada seeks an Associate Director, Counterparty Credit Risk in New York, NY to oversee preparation of limit & product reviews and monitor utilization against limits globally and monitoring of those exposures against approved limits, including escalation and reporting of exceptions as appropriate. Prepare reporting in a timely and consistent manner to identify and evaluate the major risks of assigned business lines and entities. Recommend the appropriate limits to meet business needs, risk appetite and regulatory requirements. Develop and review complex models when required. Review risk profile on all assigned businesses by actively following business and financial performance through daily monitoring of financial and industry information, regulator events, external events and changes in risk profile. Work closely with the business on the risk aspects at an early stage of any new transaction under consideration and provide direction and guidance as required to ensure the eventual risk profile adequately mitigates key risk concerns. Review transaction and limit requests within in a timely manner. Consider appropriate balance between risk and reward.

Requirements

Bachelor’s degree in business administration with concentration in finance, risk management or a related field
10 years of progressively responsible experience utilizing Value-at-Risk measurement and back-testing, stress testing and scenario analysis, sensitivity analysis and p/l decomposition
10 years of experience with financial and trading products
10 years of experience with counterparty credit analysis
10 years of experience with Excel, Python, VBA programming and SQL
10 years of experience with data architecture and analysis

Nice To Haves

Business Data Analysis
Communication
Credit Analysis
Database Queries
Data Visualization
Decision Making
Long Term Planning
Operational Delivery
Quantitative Methods
Risk Management

Responsibilities

Oversee preparation of limit & product reviews and monitor utilization against limits globally
Monitor exposures against approved limits, including escalation and reporting of exceptions as appropriate
Prepare reporting in a timely and consistent manner to identify and evaluate the major risks of assigned business lines and entities
Recommend the appropriate limits to meet business needs, risk appetite and regulatory requirements
Develop and review complex models when required
Review risk profile on all assigned businesses by actively following business and financial performance through daily monitoring of financial and industry information, regulator events, external events and changes in risk profile
Work closely with the business on the risk aspects at an early stage of any new transaction under consideration and provide direction and guidance as required to ensure the eventual risk profile adequately mitigates key risk concerns
Review transaction and limit requests within in a timely manner
Consider appropriate balance between risk and reward