Associate Director, Counterparty Credit Risk

RBC; Toronto; On-site; CAD 100,000 - 140,000; Full time

Job summary

RBC seeks an Associate Director to lead the Counterparty Credit Risk Exposure Monitoring team. In this role, you will oversee risks across Canadian and global trading businesses, utilizing your expertise to uphold high-risk management standards and contribute to regulatory initiatives. This position demands strong analytical and stakeholder management skills, making it vital to support both risk governance and operational effectiveness.

Benefits

Comprehensive Total Rewards Program including bonuses

Support for professional development

Agile, collaborative team environment

Qualifications

• 5+ years of experience in Counterparty Credit Risk or Credit Risk Management.
• Deep understanding of traded products and associated CCR risk concepts.
• Proven ability to lead, challenge constructively, and deliver under pressure.

Responsibilities

• Lead assessment and monitoring of inventory, settlement, and pre-settlement risks.
• Investigate risks and provide comprehensive analysis to senior management.
• Drive continuous improvement through data-driven insights and tools.

Skills

Analytical skills

Stakeholder management

Communication skills

Problem-solving

Education

Master’s degree in finance, economics, or quantitative discipline

CFA/FRM or similar designation

Tools

Excel

Python

VBA programming

SQL

Job description

Job Summary

The Counterparty Credit Risk Exposure Monitoring – Issuer, Settlements & Pre-settlement (ISP) Risk Team is part of the larger Counterparty Credit Risk Exposure Monitoring (CCREM) within Group Risk Management (GRM). Under the guidance of the Director, CCREM ISP, the team has primary responsibility for monitoring, evaluating, and reporting credit & settlement risk exposures stemming from Capital Markets, I&TS and Wealth Management activities. The team provides regular oversight and management of counterparty and issuer credit risk in relation to Pre-settlement Risk (cash securities & unsettled loans), Settlement Risk, funding and liquidity management, trading inventory, Precious Metals, Mortgage and AFS activity with a focus on North America but general oversight globally.

Job Description

What is your opportunity?

As Associate Director, you will support the Director of CCREM ISP where you will provide second-line overnight of inventory, settlement, and pre-settlement exposures across the Canadian and global trading businesses through a broad range of trading products and counterparties, with emphasis on robust exposure identification, limit oversight, and risk governance.

Your role is critical to the ongoing development and execution of our risk management framework. It will help shape and uphold the firm’s CCR risk standards, and to maintain best-in-class risk standards and limit discipline.

You will bring deep technical knowledge, strong analytical judgement, and a proven track record of delivering high standards in a global banking environment. Offering the opportunity to shape risk policy, support front-office business, and contribute to strategic regulatory and infrastructure initiatives.

What will you do?

• Lead and oversee the assessment, monitoring, and control of inventory risk, settlement risk, and pre-settlement risk across trading desks and legal entities.

• Pro-actively investigate risks to provide comprehensive analysis to senior management on risk trends and concerns. Lead in review and recommendation for approval of transactions to help facilitate business while ensuring proper risk controls. Investigate, document and appropriately report/escalate credit limit excesses as per internal policies inclusive of Conduct Risk.

• Partner with Front Office, Legal, Operations, Technology and other Risk functions to ensure effective risk controls and escalation mechanisms are in place.

• Drive continuous improvement through data-driven insights, process automation, and development of risk tools and dashboards, enhancing our capability to investigate and appropriately report and escalate credit limit excesses and exposure concerns.

• Represent CCR in governance forums and regulatory engagements and contribute to global policy updates.

• Contribute to internal audit and regulatory/supervisory reviews through high-quality documentation and process transparency.

• Participate in new product assessments and strategic risk architecture enhancements.

What do you need to succeed?

• 5+ years of experience in Counterparty Credit Risk, Credit Risk Management, or related functions within a global investment or commercial bank.

• Deep understanding of traded products (e.g. derivatives, repos, securities lending, cash trading) and associated CCR risks concepts, exposure management, and control frameworks.

• Excellent stakeholder management and communication skills, with the ability to influence across business, risk, and control functions.

• Strong analytical and problem-solving skills; experience with exposure modelling, limit frameworks, and risk measurement tools preferred.

• Proven ability to lead and drive initiatives, challenge constructively, and deliver under pressure while maintaining the highest quality standards.

• Master’s degree in finance, economics, quantitative discipline, or related field; CFA/FRM or similar designation is an asset.

Nice-to-have

• Advanced skills with Excel, Python, VBA programming, SQL or equivalent programming languages.

• Strong knowledge of regulatory frameworks (e.g. Basel, OSFI guidelines)

What’s in it for you?

We thrive on the challenge to be our best, thinking progressively 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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact

• Work in an agile, collaborative, progressive, and high-performing team

• The opportunity to interface with executives from many different parts of the organization

Job Skills

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:

2025-06-18

Application Deadline:

2025-07-05

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 believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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