Associate Director - Counterparty Credit Risk

RBC • Toronto, ON

3d • Onsite

About The Position

As Associate Director (AD) in the Counterparty Credit Risk Analysis and Measurement team, you are responsible for a wide range of things from running derivative credit sizing to deep dives into the risk profile of specific counterparties of concern. You will support as required sizing and risk analysis for bespoke transactions, ad hoc requests, and non-standard trading. As Associate Director, you are responsible for streamlining and automating the team’s oversight processes. You will lead development, coding efforts, and coordinate required work to properly measure exposures for new and existing product categories.

Requirements

• 3+ years of experience at a financial institution in a quantitative Risk Control function such as market or credit risk, with an understanding of capital markets trading products and related credit risk concepts.
• Master’s degree in a relevant subject such as Finance, Economics, or other quantitative discipline.
• Strong analytical and problem-solving skills.
• Solid verbal and written communication skills.
• Proven organizational skills, with the ability to meet strict deadlines.

Nice To Haves

• FRM, PRMIA, or CFA
• Good command and hands on experience with Excel, Python, VBA programming, SQL or equivalent programming languages
• Hands-on experience developing and implementing agentic AI solutions and evaluating agent performance to solve business-critical problems

Responsibilities

• Conduct credit sizings and ad-hoc credit event analysis
• Pro-actively investigate risks, perform derivative credit sizings and counterparty deep dives to provide clear and comprehensive analysis to senior management on risk trends and concerns
• Analyze key trading strategies and products to ensure they are in line with risk tolerance and objectives
• Review significant transactions to help facilitate businesses while ensuring proper risk controls
• Work with GRM Credit team to help review the credit risk appetite and help facilitate business activities while ensuring proper risk controls
• Investigate issues in the counterparty credit risk capturing and reporting processes and ensure the accuracy of results (check data quality, accuracy and completeness; identify errors in risk reporting and identify systemic issues to Risk IT for solution and prioritization; ensure issue log to accurately describe any errors or issues with the exposures within the report distribution)
• Develop and code tools to automate and standardize risk measures into official credit risk engines and credit risk monitoring systems
• Assess New Business Initiatives from Counterparty Risk Perspective and participate in the Specific and general wrong-way-risk analysis
• Liaise with GRM Enterprise Risk and Group Risk Analytics Teams to ensure risk models are calibrated are vetted appropriately

Benefits

• bonuses
• flexible benefits
• competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Opportunities to do challenging work
• Flexible work/life balance options

What This Job Offers

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