Associate Director, Counterparty Credit Risk

RBC; Toronto; On-site; CAD 80,000 - 130,000; Full time

Job summary

An established industry player is seeking an Associate Director for Counterparty Credit Risk, focusing on risk oversight of trading activities. In this pivotal role, you will analyze and measure risks associated with new business and bespoke transactions, ensuring alignment with credit policies. Collaborate with various teams to enhance risk analytics infrastructure and develop tools for risk measurement. This position offers a dynamic work environment with opportunities for professional growth and innovation, making it an exciting opportunity for driven individuals passionate about risk management.

Benefits

Comprehensive rewards program

Development support

Flexible work options

Collaborative environment

Qualifications

• 3+ years in a quantitative Risk Control role at a financial institution.
• Experience with at least one coding language.

Responsibilities

• Investigate risks and perform deep dives to provide analysis to senior management.
• Review new products and trading strategies to ensure risks align with risk tolerance.

Skills

Analytical Skills

Problem Solving

Communication Skills

Decision Making

Education

MBA or equivalent in finance, economics, or quantitative discipline

Tools

Excel

Python

VBA

SQL

Job description

Associate Director, Counterparty Credit Risk

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Job Summary

Counterparty Credit Risk (CCR) provides risk oversight of RBC’s trading activities including counterparty exposure measurement and monitoring, bespoke transaction adjudication and approval, portfolio risk analysis, and reporting.

Job Description

What is the opportunity?

As an Associate Director in the CCR Analysis and Measurement (CCRAM) team, you will support sizing and risk analysis for new business, bespoke transactions, ad hoc requests, and non-standard trading for Derivatives and Securities Finance Transactions (SFT). This includes identifying key risks and areas of concern and contributing to the development of credit policies and limits.

What will you do?

• Investigate risks and perform deep dives to provide clear analysis to senior management on risk trends and concerns.
• Review and assess new products, trading strategies, or significant transactions to ensure risks align with risk tolerance, and recommend appropriate risk controls.
• Contribute to developing credit policies/limits with the business and risk teams, ensuring they are current and well-understood.
• Collaborate with the GRM Credit team to review credit risk appetite and facilitate business activities with proper risk controls.
• Maintain contact with business, regional risk teams, and other units to stay informed on market conditions and risk positions.
• Drive innovation in risk analytics infrastructure, working with IT and analytics teams to enhance methodologies, models, and tools.
• Develop and code tools to automate and standardize risk measurement and analytics.

What do you need to succeed?

Must-have

• MBA, MA, MS or equivalent in finance, economics, or quantitative discipline.
• 3+ years in a quantitative Risk Control role at a financial institution, with knowledge of capital markets trading products and credit risk concepts.
• Experience with at least one coding language.
• Strong analytical and problem-solving skills.
• Excellent verbal and written communication skills.
• Proven organizational skills and ability to meet deadlines.

Nice-to-have

• Experience with Excel, Python, VBA, SQL or similar languages.
• Knowledge of capital markets derivatives and cash products risk profiles.
• Familiarity with CIRO dealer margin rules.
• Certifications such as FRM, PRMIA, or CFA.

What’s in it for you?

We offer a comprehensive rewards program, development support, flexible work options, and a collaborative environment where you can tackle challenging work and grow professionally.

Job Skills

Decision Making, Financial Instruments, Group Problem Solving, Market Risk, Performance Management, Resource Coordination, Risk Management, Waterfall Model

Additional Job Details

Location: Royal Bank Plaza, 200 Bay St, Toronto, Canada

Work hours: 37.5/week

Employment type: Full-time, Salaried

Posted date: 2025-04-21

Application deadline: 2025-05-05

RBC is committed to diversity and inclusion, fostering a respectful and supportive workplace.