Associate Director - Market Risk

Royal Bank of Canada•New York, NY

13d•$120,000 - $200,000•Onsite

About The Position

The Market & Counterparty Credit Risk (MCCR) group is responsible for defining and implementing an effective risk framework and governance structure for RBC & its subsidiaries and the combined U.S. operations of RBC. RBC is seeking a strong candidate to join its MCCR team, specifically for Comprehensive Capital Analysis and Review (CCAR) Market Shock and other regulatory compliance. In particular, the incumbent’s core responsibilities are to contribute to the governance and successful execution of the CCAR Global Market Shock (GMS) / Internal Market Shock (IMS) components (Counterparty Default Loss, CVA, Trading MtM and IDR).

Requirements

Bachelor's degree in Finance, Engineering, Computer Science, or a quantitative field; advanced degree preferred
5–7 years of experience at an investment bank in CCAR stress testing, Market Risk Capital, or a quantitative/technology function with direct exposure to regulatory capital processes
Strong working knowledge of GMS and IMS stress testing methodologies, including scenario construction, position identification, and loss aggregation
Advanced proficiency in Python and SQL, with demonstrated experience building and maintaining data pipelines, automation tools, and analytical frameworks in a production environment
Hands-on experience with data feed onboarding and data infrastructure development, including sourcing and transforming risk and position data across multiple asset classes
Familiarity with market risk platforms and BI tools (Tableau, OBI); experience working within complex, multi-system technology environments
Understanding of financial products across rates, credit, equity, and their representation in risk and stress testing systems
Strong analytical and problem-solving skills, with a rigorous approach to data quality, results validation, and process controls
Clear written and verbal communication skills, with the ability to document technical processes and present findings to senior stakeholders
Autonomous and detail-oriented; comfortable operating in a fast-paced build environment with evolving requirements and regulatory deadlines

Responsibilities

Execute the build-out of GMS stress testing capabilities for the US IHC, including scenario application, loss calculation, and results production, with deep involvement in the underlying technical implementation
Design, develop, and maintain data feeds and data pipelines supporting the GMS stress testing process, including sourcing, transformation, validation, and reconciliation of inputs across asset classes
Identify and implement infrastructure enhancements to the GMS calculation environment, including tooling improvements, process automation, and UI development to reduce manual intervention and increase scalability
Partner with IT to define technical requirements, perform UAT, and validate system changes; troubleshoot data quality issues and drive resolution across upstream and downstream systems
Support the development and maintenance of governance documentation, including methodology papers, system lineage diagrams, and process flows required for regulatory compliance and audit readiness
Contribute to the preparation of materials for FRB engagements, senior management, and internal risk committees; support regulatory examinations and internal audits as required