Risk Analyst

Royal Bank of Canada • New York, NY

1d • $85,000 - $145,000

About The Position

What is the Opportunity? Group Risk Management is responsible for providing independent and objective oversight of the management of significant risks arising from RBC’s businesses and operations; and supported by comprehensive risk management frameworks, policies and practices, robust risk management systems, and experienced professionals. Key internal and external stakeholders rely on the effective execution of GRM accountabilities. The roles and responsibilities of the various internal stakeholders in the ownership, monitoring, escalation, and oversight of risks are captured in RBC’s Enterprise Risk Management Framework and supporting risk-specific frameworks. What will you do? Production of daily risk reports ensuring the accuracy of key risk measurements. Responsible for daily review of risk reports and investigation of limit or policy breaches with escalation to more senior team members accordingly. Initiate investigation of risk reporting where required ensuring accuracy of produced reports; work with IT and senior team members and initiate reruns where necessary. Recommend ideas and support more senior team members in the development of the risk infrastructure where needed. Work closely with project managers towards the improvement of risk data capture processes and systems where required. Support the provision of risk oversight for credit products within Global Spread Products trading and Global Investment Banking underwriting businesses when required and under guidance of more senior team members. Collaborate with various regulatory and technology groups to help RBC meet its strategic infrastructure goals and comply with key regulatory requirements including FRTB, Volcker, and CCAR. Support the senior team members on working with Trading and Investment Banking to ensure a close cohesion on key risk issues: systems, limits, risk management Data analysis of large quantities of data, including ability to draw conclusions and recommendations from the data. Analysis of daily profit/loss for businesses within coverage and communicate the drivers / observations of profit/loss to senior team members.

Requirements

• Undergraduate or master’s degree in finance, economics, mathematics, or other quantitative discipline.
• Knowledge of financial markets that demonstrates an interest in the subject matter.
• Must be self-motivated, highly curious and inquisitive, and capable of clearly following senior team members direction with minimal additional oversight.
• Strong written and verbal communication skills.
• Ability to handle a diverse workload, in a dynamic fast paced environment.
• Strong attention to detail

Responsibilities

• Production of daily risk reports ensuring the accuracy of key risk measurements.
• Responsible for daily review of risk reports and investigation of limit or policy breaches with escalation to more senior team members accordingly.
• Initiate investigation of risk reporting where required ensuring accuracy of produced reports; work with IT and senior team members and initiate reruns where necessary.
• Recommend ideas and support more senior team members in the development of the risk infrastructure where needed.
• Work closely with project managers towards the improvement of risk data capture processes and systems where required.
• Support the provision of risk oversight for credit products within Global Spread Products trading and Global Investment Banking underwriting businesses when required and under guidance of more senior team members.
• Collaborate with various regulatory and technology groups to help RBC meet its strategic infrastructure goals and comply with key regulatory requirements including FRTB, Volcker, and CCAR.
• Support the senior team members on working with Trading and Investment Banking to ensure a close cohesion on key risk issues: systems, limits, risk management
• Data analysis of large quantities of data, including ability to draw conclusions and recommendations from the data.
• Analysis of daily profit/loss for businesses within coverage and communicate the drivers / observations of profit/loss to senior team members.

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.
• The expected salary range for this particular position is $85,000-$145,000 (New York), depending on your experience, skills, and registration status, market conditions and business needs.
• You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

What This Job Offers

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