2025 Summer - GRM, Local Market Risk Commodities Intern (4 Months)

Participates in and supports the operational activities for Market Risk. Applies experience and complete working knowledge of the job and policies/practices to perform a combination of routine tasks and varied administrative/operational assignments.

What is the opportunity?

The Market Risk group provides independent and effective on-site monitoring, controlling and communicating on the nature and extent of all material market and trading credit risks and to ensure the implementation of and compliance with risk management policies and procedures. The incumbent will lead in developing and promoting a "Best in Class" risk oversight environment for the market risk associated with RBC's Commodities Risk Trading business and activities.

What will you do?

• Provide risk oversight for RBC's Commodities desk, acting as a key link between trading staff, management and Group Risk Management.
• Oversee and enhance risk control processes for the Commodities business: Develop key sensitivity metrics, implement metrics and establish risk reporting; establish and implement appropriate limits to ensure that business is operating within approved policies and limits; identify supplementary risk controls that may be required to manage the risks and exposure as necessary
• Monitor trading activities and exposures to ensure they are within approved policies and limits, and that reports are timely and accurate.
• Promote a greater focus on risk analysis, and provide effective and constructive challenge to the Front Office where appropriate through active dialogue regarding business strategies, risk representation, and limit compliance.
• Provide insights and commentary on key risks and exposures versus market trends and potential events.

What do you need to succeed?

Must-have

• MS in Finance, Economics or a Quantitative subject
• Strong knowledge of market risk concepts (sensitivity analysis, VaR, stress testing etc.)
• In depth knowledge of derivative products, Futures, Options, Swaps.
• Strong written and oral communication skills with the ability to condense complex details into narratives suitable for communication with senior risk and business management
• Sufficiency in a programming language preferably Python and SQL.

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.

• Opportunity to learn variety of asset classes within RBC business units
• Opportunity to learn and lead comprehensive and amalgamated commodity (Energy & Metals) businesses and strategies' within Market Risk
• Potential to utilize transferable skills and grow within other related business areas
• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact

Please note: This posting is for a 4-months Summer 2025 Student placement with a start date of May 2025, 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.

ET25

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

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST: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