Associate Director, Local Market Risk Toronto (CFG & GE)
About The Position
As part of the Group Risk Management team, the Associate Director at Local Market Risk is responsible for providing independent and effective monitoring, control, and communications on the nature and extent of all material market risk. This role ensures the implementation and compliance with risk management policies and procedures, with a business focus on Central Funding and Global Equities under Capital Markets. The Associate Director will partner with stakeholders across trading business, risk management, and technology to ensure the implementation of and compliance with market risk policies and procedures.
Requirements
- Master’s degree with an emphasis in finance, risk management, economics or a quantitative discipline.
- 3+ years in Financial Corporation preferably with Equity and/or Derivatives experience.
- Strong analytical skills and problem-solving capabilities; attention to details and sensitive to numbers.
- Experience with Python, SQL, Tableau, Bloomberg.
- Independent and Curious: Demonstrates the ability to work autonomously with minimal supervision, coupled with a natural curiosity and eagerness to explore and solve complex problems.
Nice To Haves
- Practical experience with AI tools
- Strong written and verbal communication skills
- Ability to prioritize in a fast-moving environment
Responsibilities
- Provide market risk oversight for Central Funding and Global Equities.
- Become a subject matter expert in designated desks.
- Support the management of market risk reporting process and ensure accuracy of key risk metrics.
- Analyze key trading strategies and products to ensure they are in line with RBC’s risk tolerance and objectives.
- Be the go-to person on select designated desks including understanding key risks and P&L changes, soundness and completeness of all the Risk processes, and be proactive in the risk control framework development.
- Monitor changes in portfolio and market to extract value-added insight for senior management.
- Highlight key market themes and events that form risk thematic relevancy to your coverage.
- Review significant transactions to help facilitate businesses while ensuring proper risk controls.
- Provide effective challenge and analysis to new transactions and emerging risks.
- Collaborate with trading teams to ensure cohesion on key risk issues: systems, limits, risk management.
- Collaborate and coordinate among different stakeholders to meet enterprise/business line project deliverables. This will include projects related to capital requirements, risk modernization, as well as on-demand ad-hoc requests from internal partners.
- Proactively leverage emerging AI tools and technologies to enhance workflows, drive process improvements, and deliver innovative solutions that create measurable value for risk teams and the business partners.
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
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What This Job Offers
Job Type
Full-time
Career Level
Senior
