Associate Director in Global Risk Management Group, Royal Bank of Canada (US), New York, NY

Royal Bank of Canada•New York, NY

22d•Hybrid

About The Position

The Associate Director in the Global Risk Management Group at Royal Bank of Canada (US) in New York, NY is responsible for preparing and overseeing risk reporting to identify and evaluate major business risks, ensuring alignment with RBC risk tolerance and objectives. This role ensures accurate calculation, tracking, and reporting of credit risk and collateral exposures for the Global Central Funding Group (CFG) Security Finance businesses. The position involves continuously reviewing trading strategies and products to maintain compliance with risk standards, monitoring portfolio changes daily, and communicating any abnormal risks or new strategies to senior management. Additionally, the role provides oversight for counterparty credit risk related to structured asset collateral, develops expertise in designated asset classes, and designs and presents risk assessments of high-risk portfolios to senior management. The Associate Director will analyze trends in risk and exposure within the structured asset collateral portfolio, facilitate management approval for outside limits requests, and enhance the Global Risk Management-Counterparty Credit Risk platform through coding and data visualization improvements. The role also includes coaching and guiding junior team members in their daily activities and project management.

Requirements

Bachelor’s degree in Financial Engineering, Science, Mathematics, Statistics or a related field.
4 years of work experience in a credit, market, or counterparty credit risk role.
4 years of experience in Value at Risk (VaR) and stress testing methodologies, using macroeconomic and specific factors affecting asset prices.
4 years of experience in Python programming for financial modeling and data analysis.
4 years of experience in Credit or market Limit calibration.
4 years of experience in Value-at-Risk measurement and back-testing.
4 years of experience in Stress testing and scenario analysis.
4 years of experience in Sensitivity analysis and profit/loss decomposition.
2 years of experience in Pricing fixed income securities, Repo/Reverse Repo, assessing their risk factors, including VaR and stress testing.
2 years of experience in SQL programming, Tableau, Bloomberg, Intex, and Polypath for data analysis and visualization.
1 year of experience in Pricing and market analysis of: Commercial Mortgage-Backed Security (CMBS), Asset-Backed Security (ABS), Residential Mortgage-Back Security (RMBS), Collateralized Loan Obligation (CLO), Whole-Loan, Agency Whole-Loan, and fixed income securities, including equities and their risk factors.

Nice To Haves

International travel required up to 5%.
Domestic travel required up to 5%.

Responsibilities

Prepare and oversee risk reporting to identify and evaluate major business risks, ensuring alignment with RBC risk tolerance and objectives.
Ensure accurate calculation, tracking, and reporting of credit risk and collateral exposures for the Global Central Funding Group (CFG) Security Finance businesses.
Continuously review trading strategies and products to maintain compliance with risk standards.
Monitor portfolio changes daily and communicate any abnormal risks or new strategies to senior management.
Provide oversight for counterparty credit risk related to structured asset collateral and develop expertise in designated asset classes.
Design and present risk assessments of high-risk portfolios to senior management as needed.
Analyze trends in risk and exposure within the structured asset collateral portfolio and facilitate management approval for outside limits requests.
Enhance the Global Risk Management-Counterparty Credit Risk platform through coding and data visualization improvements.
Coach and guide junior team members in their daily activities and project management.