Associate Director, Counterparty Credit Risk Exposure Monitoring – Derivatives and SFTs

RBC; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking an Associate Director to lead Counterparty Credit Risk oversight. This role involves monitoring trading activities, analyzing risk profiles, and enhancing reporting tools. The ideal candidate will have a strong background in quantitative risk management, excellent analytical skills, and proficiency in Excel, Python, and SQL. Join a dynamic team that values collaboration and innovation, where you can make a significant impact on risk management practices and contribute to the success of the organization. This is a fantastic opportunity for those looking to advance their career in a supportive and forward-thinking environment.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Leadership coaching

Collaborative team environment

Qualifications

• 3+ years of quantitative risk control experience at a financial institution.
• Strong analytical skills and ability to meet strict deadlines.

Responsibilities

• Monitor and analyze counterparty exposures against approved risk limits.
• Drive innovation in risk infrastructure and methodologies.

Skills

Excel

Python

SQL

Risk Management

Business Data Analysis

Communication

Critical Thinking

Database Queries

Data Visualization

Decision Making

Education

Bachelor's degree in Finance, Economics, or related field

Master's degree in a relevant subject

FRM, PRMIA, or CFA certification

Job description

Job Summary

Job Description

What is the opportunity?

Counterparty Credit Risk (CCR) is responsible for providing risk oversight of RBC’s trading activities including counterparty exposure measurement and monitoring, portfolio risk analysis and reporting.

As Associate Director (AD) in the Exposure Monitoring (CCREM) team, you will support daily monitoring of counterparty exposures against approved risk limits for derivatives and for SFTs, provide oversight on the completeness and appropriateness of risk measurements, help streamline and automate improved risk monitoring practices and enhance the team’s analytic capabilities. This risk monitoring oversight includes monitoring portfolios to identify noteworthy trends/areas of risk, contributing to CCR policies, assessing emerging risks and participation in reporting/analytical tool enhancements. You will work closely with other groups to provide project development support in the areas of coordination, coding and testing.

What will you do?

• Pro-actively investigate risks to provide clear and comprehensive analysis to all levels of the risk management organization highlighting potential areas of concern.
• Monitor, investigate and where appropriate, escalate credit and collateral limit excesses as per internal policies.
• Perform deep dive analysis into the risk profile of specific portfolios and counterparties of concern
• Identify gaps in the risk capturing and reporting processes and ensure the accuracy of results
• Drive the innovation of risk infrastructure, working closely with business, IT and Global Risk Analytics team to enhance the existing risk methodologies and model capabilities.
• Develop tools to automate processes and introduce new analytic capabilities into the reporting/analytic framework, enabling the team to review and analyze portfolio risks in a timely and accurate fashion. These tools will enable the team to readily identify, investigate and summarize notable risk trends that are escalated (as appropriate) to Sr Management.
• Assist in the implementation of project-based initiatives

What do you need to succeed?

Must-have

• 3+ years of experience at a financial institution in a quantitative Risk Control function such as market or credit risk, with an understanding of capital markets trading products and related credit risk concepts.
• Strong command and hands on experience with Excel, Python, and SQL
• Strong analytical and problem-solving skills
• Solid verbal and written communication skills
• Proven organizational skills, with the ability to meet strict deadlines

Nice-to-have

• Master’s degree in a relevant subject such as Finance, Economics, or other quantitative discipline
• FRM, PRMIA, or CFA
• Background knowledge of Derivative and SFT products and markets including: Pricing and risk measurement methodologies, Market structure/dynamics, types of participants, drivers of activity

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.

• 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 dynamic, collaborative, progressive, and high-performing team

Job Skills

Business Data Analysis, Communication, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Quantitative Methods, Risk Management

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:

2025-05-01

Application Deadline:

2025-05-16

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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