Counterparty Credit Risk Analyst (GRM)

RBC • New York, NY

1d • $95,000 - $100,000 • Onsite

About The Position

The GRM counterparty and credit risk group provides independent and effective monitoring, control, and communications on the nature and extent of all material credit risk and ensures the implementation and compliance with risk management policies and procedures. The Analyst will join the GRM team responsible for overseeing the Securities Finance Transaction (SFT) and the Structured Asset Collateral (SAC) portfolio in New York with primary responsibilities and other key aspects of the job defined in the following sections. The US GRM Rotational Program is unique in that you will get to rotate among several US Group Risk Management functions, working across multiple programs and disciplines that require very divergent skills. We’re looking for candidates that have a strong quantitative skillset, communicate well and are able to work through complex and ambiguous challenges. You need to be a self-driven and hyper engaged individual with unique skill sets that’s willing to learn finance and risk management from world class teams in a fast paced and challenging environment.

Requirements

• Bachelor’s degree or master’s degree in finance or science or economics, or a related quantitative field
• Strong coding skills, interest in securitized products and fixed income products, quantitative skill set, curious mindset, self-motivated, and communication skills.
• Must have a deep understanding of VaR/Stress methodology calculation.

Responsibilities

• Help provide risk oversight for the Counterparty Credit Risk for Securities Finance Transaction (SFT) and the Structured Asset Collateral (SAC) portfolio at the consolidated and individual entity levels
• Aid in the management of the CCR reporting process and ensure the accuracy of key risk measurements
• Develop and improve risk infrastructure
• Analyze key collateral and products to ensure alignment with RBC risk tolerance
• Review significant transactions to support business growth and maintain robust risk controls
• Collaborate with trading teams to ensure alignment on key risk issues: systems, limits, risk management
• Ensure that all credit risk and collateral exposures for the Security Finance Businesses are correctly calculated, tracked against limits, reported, and escalated in a timely manner
• Play a lead role in enhancing risk systems: CREX and other internal systems.
• Investigate risks to provide value-added insight and analysis to senior management on risk trends and concerns.
• Examine trends in large datasets using advanced statistical and econometric techniques to draw conclusions related to collateral and limits.

Benefits

• Exposure to challenging work and opportunities to be showcased to leadership
• Develop fundamental knowledge of risk management, and risk governance
• Gain a broad understanding of how the bank operates, including the role of our business segments and functional units, and how the bank may be exposed to emerging trends within the industry
• Access to leaders who support your development through coaching and learning opportunities
• Work in a dynamic, collaborative, progressive and high performing team
• Ability to make a difference and lasting impact
• A comprehensive Total Rewards Program including base salary, bonus and benefits

What This Job Offers

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