Associate Director - Mccr Strategic Delivery

December 11 2024
Industries Bank, Insurance, Financial services
Categories Bank, Insurance, Financial services, Economy, Econometrics, Modelling, Financial Analysis
Toronto, ON • Full time

Job Summary

As an Associate Director/Product Owner in MCCR Strategic Delivery team, this position supports the systems and applications used for Counterparty Credit Risk (CCR) measurement, including pricing, simulation and risk calculations, in partnership with Risk IT. The role supports CCR team in prioritizing and implementing model changes, and communication of complex changes to senior management.

Job Description

What is the opportunity?

The Market & Counterparty Credit Risk (MCCR) area within Group Risk Management provides independent and effective monitoring, control and communication on the nature and extent of market and counterparty credit risks. The group also ensures the implementation of and compliance with relevant risk management policies and procedures.

The Strategic Delivery group within MCCR is responsible for the management of the infrastructure to enable MCCR to deliver on its mandate, primarily the infrastructure used for the measurement, reporting, analysis, monitoring and control of market and counterparty credit risks.

Product Owners within this team serve as core leaders for specific sets of MCCR systems and applications, in partnership with Risk IT. The role involves providing the appropriate insights to development teams on the requirements and associated priority for changes to the applications, while managing stakeholders, including end users of the applications.

What will you do?

  • Accountable for all changes that are implemented within CCR pricing engines, with the ability to explain the purpose, benefit, approach, rationale, priority, and cost
  • Ensure that stakeholder requirements, expectations, and priorities are appropriately captured and articulated to product teams, and that delivered changes meet acceptance criteria
  • Maintain strong stakeholder relationships, ensuring that stakeholders clearly understand deliverables and timelines and are appropriately engaged in testing and impact analysis
  • Contribute to the MCCR IT Prioritization Forum and MCCR Operating Committee for communication, input, discussion and decisions on items related to Analytics applications
  • Review and challenge cost and time estimates along with benefit value statements to ensure appropriate use of funding and prioritization of resource
  • Be an advocate of agility and continuous improvement, supporting teams and stakeholders through significant infrastructure and process changes
  • Fulfil the role of Product Owner for specific applications, where needed, including grooming & prioritizing Epics and Stories, participating in agile ceremonies, leading product release planning, and playing an active role in mitigating impediments that impact the successful and efficient completion of Sprint/Release goals.
  • Coordinate impact testing for model updates, and communicate with key stakeholders including MDO (GRA), MBO (CCR), and model validation (EMRM)
  • Conduct appropriate reviews and approvals of code deployments and application access

What do you need to succeed?

Must-have

  • Minimum 4 years of relevant CCR/Market Risk experience
  • Graduate degree in Quantitative or Technical discipline
  • Solid understanding of capital markets financial products and their pricing models
  • Excellent verbal and written communication skills along with stakeholder management skills
  • Experience in IT project delivery
  • Proficient in JIRA/Confluence
  • Proficient in SQL/Excel

Nice-to-have

  • Professional certification (e.g., CFA, FRM)
  • Programming skills such as Python, VBA, Unix
  • Strong understanding of Agile delivery and Product Ownership
  • Proven experience with business systems analysis and program management
  • Scrum Master Certification / Product Owner Certification

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

Job Skills

Agile Methodology, Counterparty Credit Risk (CCR), Financial Modeling, Market Risk, Microsoft Excel, Python (Programming Language), Risk Management, Structured Query Language (SQL)

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-12-11

Application Deadline:

2024-12-28

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.
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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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