2025 Summer- GRM, Enterprise Risk Analyst Intern (4 Months)

The Analyst, Enterprise Risk will support the Emerging Risk team, as well as the broader Credit & Enterprise Stress Testing team, in executing their mandates and further developing their programs.

The Emerging Risk team oversees the enterprise process for identifying, assessing, and monitoring emerging risks. The team also oversees the enterprise's broader risk identification process for Enterprise-Wide Stress Testing (EWST), as well as the design of scenarios for EWST and other stress tests. Key activities include:

• Identifying, assessing, and monitoring the enterprise's Emerging Risks, and communicating the associated analysis to senior-level audiences and decision-makers.
• As such, acting as Group Risk Management thought leaders on specific Emerging Risk issues (e.g., geopolitical tensions, such as those connected to China, Russia, and the Middle East, inflation, supply chain disruption, artificial intelligence, crypto-assets, trade wars, political polarization and unrest, impact of COVID-19).
• Overseeing the process for identifying, assessing, and recording the enterprise's material risks in the enterprise Risk Inventory, for the purpose of EWST.
• Developing scenarios of varying degrees of severity for EWST and other stress tests.
• Conducting tabletop exercises among senior RBC leaders to help assess the organization's preparedness for specific risks, facilitate the exchange of knowledge, and develop action plans to address any identified gaps.

The Analyst, Enterprise Risk will:

• Support the identification and assessment of enterprise-wide Emerging Risks, by performing research and analysis, assessing risk impacts to RBC, and assisting with the development of presentations and white papers.

• Monitor global economic, geopolitical, societal, technological, and other trends and developments, and contributing to team analyses and publications.

• Support the preparation of quarterly and annual reporting of Top and Emerging Risks to senior management and the Board.

• Support the updating of the enterprise's Risk Inventory.

• Support the development of scenarios for stress testing and tabletop exercises.

• Perform other duties to support the achievement of the Emerging Risk and Credit & Enterprise Stress Testing teams' mandates, as required.

What do you need to succeed?

Must-have

• Working towards a business-related university degree.

• General understanding and awareness of current global events and basic economic concepts.

• Excellent writing and research skills, strong interpersonal skills, and conceptual thinker.

• An ability to understand and explain complex concepts.

• Strong analytical and problem-solving skills.

• Proficiency with Microsoft Office (e.g., PowerPoint, Excel, Word).

Nice-to-have

• Proficiency with Bloomberg and other market sources

• Advanced proficiency with Excel

• Coding/programming skills

• Familiarity with emerging technologies

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• 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 and make a difference

• Opportunities to building close relationships

Through this role, the Analyst, Enterprise Risk will:

• Work with a wide variety of groups across the bank, including:

  • The Emerging Risk team, the broader Credit & Enterprise Stress Testing (CEST) team, and the Senior Director, CEST;

  • Other areas of Group Risk Management, such as Credit Risk, Environmental and Social Risk, and Operational Risk; and

  • Other areas of RBC outside GRM, such as individuals from business segments representing the First Line of Defense, Economics, Corporate Treasury, and Enterprise Strategy.

• 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.

• Develop fundamental knowledge of risk management.

Please note: This posting is for a 4-months Summer 2025 Student placement with a start date of May 5th and end date of August 2025. In order to be eligible for this 4-months Student position, you must either:

• Be returning back to school after the work term end-date of August 2025 ; or
• If you are not returning back to school (i.e. are graduating in August 2025), you must require the full 4-months work term as a mandatory component to in order to graduate successfully.

Please ensure that you meet these eligibility requirements before applying - candidates who apply but are found to be ineligible are not able to be considered.

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is January 19, 2025. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangements for this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.

ET24

Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTStudent/Coop (Fixed Term)Salaried2024-12-132025-01-19

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment