Associate Director - Market Risk Capital Control

RBC • Toronto, ON

17h • Onsite

About The Position

As an Associate Director, you are an integral member of the Market Risk Capital Controls team, within Market and Counterparty Credit Risk (MCCR). The team develops, implements, and maintains various controls and processes that manage the boundary between the Trading and Banking Books, as it relates to the calculation of capital and internal risk management. In this highly visible role, you will gain broad exposure to multiple business lines, trading strategies and financial instruments through the continued development of the controls and governance framework by liaising directly with key contacts and leaders across the bank. You act as a Risk representative, providing insight, guidance and control where applicable, and having direct and immediate impact to RBC.

Requirements

• 5+ years of experience in a role supporting market and counterparty credit risk measurement and reporting.
• Broad understanding of Regulatory requirements for market risk capital and reporting.
• General understanding of derivative pricing, market risk methodologies, systems and processes.
• Strong desire to execute change in an organization, marrying necessary changes in roles, responsibilities and processes to support market risk oversight, measurement and reporting.
• Broad understanding of IT practices and ability to manage and prioritize development tasks.
• Ability to effectively influence stakeholders, through negotiation and conflict resolution.
• Bachelor’s degree (or higher) in business, finance, financial engineering/mathematic finance, with strong quantitative and analytical skills and attention to detail.

Nice To Haves

• CFA, FRM or other related professional qualifications.
• Proficient in Excel, Python or other programming languages preferred

Responsibilities

• Coordinate and perform all aspects of controls and processes related to the boundary between the Trading and Banking Book, which may include: Prescriptive and presumptive treatment of trading book instruments.
• Monitoring of Equity Investment in Funds (EIF) and Unlisted equities in Trading book.
• Reassignment of instruments between the Trading and Banking Books.
• Alignment of trades/positions between market risk capital calculations and financial reporting.
• Prepare market risk capital impact estimates for reassignment of instruments across the Regulatory Book boundary, as required.
• Function as point of escalation and resolution for issues that impact the boundary between Trading and Banking Books, as well as the trades/positions that inform the market risk capital calculation.
• Provide guidance, coaching, and mentoring within the team to drive overall team performance.
• Prepare various committee materials, follow up with FO trader(s), Business Manager(s) and other functions for details, as required.
• Perform support and analysis, as needed, for ad hoc requests.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in an agile, collaborative, progressive, and high-performing team
• The opportunity to interface with senior level executives from many different parts of the organization

What This Job Offers

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