Associate Director - Market Risk Manager

RBC • New York, NY

4d • $110,000 - $190,000

About The Position

GRM-Market Risk is to provide independent and effective on-site monitoring, controlling and communicating on the nature and extent of all material market risk positions within Capital Markets LLC and to ensure the implementation of and compliance with risk management policies.

Requirements

• Bachelors degree with strong analytical and quantitative skills or Masters with emphasis in quantitative discipline
• 2-5 years work experience in risk management, finance or regulatory capacity
• Strong written and oral communication skills
• Strong software development skills for computational needs is a plus
• Strong understanding of Fixed Income products and the principles of derivatives market risk, especially as it pertains to fixed income options

Responsibilities

• Monitoring of business activities and exposures within RBC Capital Markets LLC (CMLLC) to ensure they are within approved policies and limits
• Support CMLLC CRO risk oversight responsibilities
• Prepare quarterly CMLLC Board Meeting Materials
• Prepare quarterly CFTC Risk Exposure Report
• Work closely with market and enterprise risk colleagues located in New York and Toronto especially as it pertains to the areas of coverage to provide accurate reporting
• Aid in the management of the market risk reporting process and ensure the accuracy of key risk measurements
• Develop the risk infrastructure where needed and/or work closely with project managers towards the improvement of risk data capture processes and systems
• Analyze key trading strategies and products to ensure they are in line with CMLLC’s risk tolerance
• Review significant transactions to help facilitating business and ensure proper risk controls.
• Work with risk managers to ensure a close cohesion on key risk issues: systems, limits, risk management
• Provide back up support for the other CUSO market risk reporting and oversight responsibilities
• Work with internal audit during regularly scheduled reviews and to remediate issues
• Quantitative analytical support to the Risk group, review business transactions and new initiatives as they pertain to CMLLC
• Analysis of the various businesses and portfolios within CMLLC and communicate the drivers of profit/loss to senior management

Benefits

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees