Associate Director Market Risk
Job Summary
Job Description
What is the opportunity?
RBC is seeking a proactive and highly skilled Associate Director, Local Market Risk to join our dynamic team. This role will be critical in assessing trading and market-making strategies, monitoring risk across portfolios, and ensuring that our risk management framework aligns with RBC's overall risk appetite and business objectives. You will collaborate closely with business units, senior management, and other key stakeholders to provide actionable insights, drive risk-conscious decision-making, and support strategic goals. You will help promote a "Best of Class" risk oversight environment. You will provide effective 'second line of defense' challenge to Front Office risk taking activities, which will require a deep and meaningful understanding of client/trading strategies, products deployed and pertinent risks emerging from cash and derivative market developments to assess the implications for the risk profile of the trading books.
What will you do?
Risk Assessment: Assess trading and market-making strategies, products, and significant transactions to ensure they align with RBC's risk tolerance and business objectives. Evaluate and propose necessary changes to risk measures to ensure alignment between Profit & Loss (P&L) performance and risk metrics.
Monitoring & Reporting: Continuously monitor trading activities and exposures, ensuring they stay within defined Risk Appetite and approved Policies, Limits, and Product Mandates.
Constructive Challenge: Provide constructive challenge to risk limit and product approval requests, fostering a culture of thoughtful risk-taking and decision-making.
Insightful Analysis: Stay informed on market developments and emerging risks, delivering in-depth analysis and recommendations to senior management and business partners.
Collaboration: Work closely with business, technology, and other functional partners on key systems and process initiatives, ensuring regulatory compliance and driving efficiency in decision-making processes.
Model Risk Management: Apply your expertise in model assumptions and limitations to ensure proper risk management practices and model capabilities are fit for purpose.
What do you need to succeed?
Must-have
MBA, MA, MS in Finance, Economics or a Quantitative subject is preferred.
3-5 years of experience working in a Market Risk / Credit Risk or Valuations based role including knowledge of market risk concepts (sensitivity analysis, VaR, stress testing etc.).
Minimum 2 years of experience covering commodity markets, preferably energy (i.e. Natural Gas, Electricity, Oil).
Experience working with derivative products (i.e. Futures, Options, Swaps), with a strong preference for structured products and non-linear payoffs in energy markets.
Strong written and oral communication skills with the ability to condense complex details into narratives suitable for communication with senior risk and business management.
Proficiency in financial modeling, coding (preferably Python) and data analytics tools.
Must be a strong collaborator with a high level of curiosity and problem-solving skills.
Nice-to-have
Familiar with regulatory/compliance requirements (FRTB, Volcker, etc.).
Proven experience working with Tableau.
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 mutual success.
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
Leaders who support your development through coaching and managing opportunities
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
Flexible work/life balance options
Job Skills
Commodity Risk Management, Decision Making, Market Risk Analysis, Market Risk Management, Python (Programming Language), Structured Products, Structured Query Language (SQL)Additional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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