Associate Director - Enterprise Market Risk

RBC; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

A leading company is seeking an Associate Director for Enterprise Market Risk. The role involves market risk analysis, reporting, and oversight, requiring a strong background in trading risk management and excellent communication skills. Candidates should possess advanced degrees and technical proficiency in relevant programming languages.

Benefits

Comprehensive Total Rewards Program

Leadership support for development

Opportunities to connect with executives

Qualifications

• Minimum 3 years of experience in trading or trading risk management roles.
• Good understanding of financial markets and trading businesses.
• Thorough knowledge of traded products, especially derivatives.

Responsibilities

• Develop ad-hoc market risk analysis capabilities.
• Prepare and submit quarterly market risk reports.
• Review Risk Appetite and Risk Limits frameworks.

Skills

Communication

Problem Solving

Technical Skills

Education

MBA

MA

MS

Tools

Python

JavaScript

Job description

Associate Director - Enterprise Market Risk

Join to apply for the Associate Director - Enterprise Market Risk role at RBC

Job Summary

Establish the link between the current market environment across all asset classes, RBC’s market risk profile, and capital adequacy.

Job Description

What is your opportunity?

You will provide senior management, business heads, and regulators with insights on RBC’s trading and banking portfolio market risk profile, including trends, developments, and concentrations, as well as capital adequacy.

What will you do?

Risk Oversight and Analytics

• Develop ad-hoc market risk analysis capabilities, focusing on forward-looking analysis and modeling potential future risks within RBC’s portfolios and broader markets.
• Provide insights to senior management on risk developments, concentrations, and trends that could lead to significant financial losses under adverse market conditions.
• Demonstrate a deep understanding of trading market risks and the current market environment to inform risk assessments and necessary actions.
• Conduct risk and capital analytics comparing RBC’s performance against global peer banks.
• Investigate changes and contribute to limit setting for RBC’s FVTPL and FVOCI portfolios.
• Provide forward-looking risk analytics to senior management.

Risk Reporting

• Prepare and submit quarterly market risk reports for internal and external stakeholders, including senior committees, shareholders, and regulators.
• Contribute to weekly and monthly enterprise market risk reports, including significant issues and market/counterparty risk overviews for management (C-suite).

Enterprise Market Risk Appetite Setting

• Review regularly the Risk Appetite and Risk Limits frameworks for Market Risk, ensuring risks are controlled and tolerances are calibrated appropriately for the enterprise and key business lines.

What do you need to succeed?

Must-have

• Minimum 3 years of experience in trading or trading risk management roles.
• MBA, MA, MS, or equivalent with emphasis in finance, economics, or a quantitative discipline.
• Good understanding of financial markets and trading businesses.
• Thorough knowledge of traded products, especially derivatives and associated risks.
• Excellent communication skills with experience presenting analysis to senior audiences.
• Familiarity with Python and JavaScript programming languages.
• Strong technical and problem-solving skills.

What’s in it for you?

We thrive on challenges, growth, and collaboration to deliver trusted advice, helping clients thrive and communities prosper. We value support, potential, impact, and mutual success.

• A comprehensive Total Rewards Program including bonuses and flexible benefits.
• Leadership support for your development through coaching and opportunities.
• The chance to make a lasting impact.
• Work in an agile, collaborative, progressive, high-performing team.
• Opportunities to connect with executives across the organization.