Associate Director, Global Risk Analytics

Royal Bank of Canada • Toronto, ON

2d • Onsite

About The Position

The Associate Director is responsible for methodologies related to market risk. This includes model specification, implementation, performance monitoring, documenting and presenting of these methodologies. GRA (Global Risk Analytics) Market Risk Analytics team has primary responsibility for risk methodologies related to the measurement of market risk for RBC trading business and selected investment portfolios. This includes leading the methodology specifications, prototype implementation, as well as performance monitoring and maintenance of these methodologies. The team is also responsible for market data and scenarios services to various risk systems.

Requirements

• 2+ years of working experience in quantitative analytics, such as derivative pricing, market risk models or CCR models
• Master’s in Financial, Engineering, Statistics/Mathematics/Physics or equivalent.
• Strong programming experience in Python/C++/C# and SQL.
• Strong communication skills in oral and written formats.
• Team players to collaborate and innovate.
• Self-motivated with a high level of analytical capabilities and attention to detail.
• Eager to learn.

Nice To Haves

• Experience in a similar role
• PhD in Finance, Engineering, Applied Sciences or Economics is a plus.

Responsibilities

• Develop, implement, document, maintain and monitor methodologies for market risk and CCR across various asset classes (includes fixed income, interest rate derivatives, equity, and foreign exchange). This includes, but not limited to VaR / SVaR / Stress P&L calculations.
• Work with Local and Enterprise Market Risk teams, Risk IT and Enterprise IT to implement end-to-end solution for projects.
• Present methodology proposal and analytical impacts to senior management committee member for approval or sharing information.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Flexible work/life balance options.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to do challenging work.

What This Job Offers

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