Associate Director, Market Risk

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

Job summary

An established industry player is seeking a skilled professional to lead risk oversight for capital markets. This role involves monitoring trading activities, developing risk control frameworks, and ensuring compliance with market risk policies. Candidates should possess an MBA or Master's degree with a focus on financial risk management, along with strong analytical skills and experience in capital markets. Join a dynamic team dedicated to fostering a culture of risk awareness and excellence in a collaborative environment where your contributions will make a significant impact on the business.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Competitive compensation

Coaching and development opportunities

Opportunity to learn various asset classes

Potential for career growth within the organization

Qualifications

• 3+ years in capital markets or risk management required.
• Strong knowledge of derivative products and risk concepts essential.

Responsibilities

• Provide risk oversight for trading and enhance risk control processes.
• Monitor trading activities to ensure compliance with policies.

Skills

Communication

Decision Making

Economic Analysis

Financial Instruments

Group Problem Solving

Investment Risk Management

Market Analysis

Market Risk

Risk Management

Education

MBA or Master’s degree in Financial Risk Management

Tools

Python

Job description

Job Summary

Job Description

What is the opportunity?

The North America Local Market Risk (LMR) team provides independent and effective on-site monitoring, controlling and communicating on the nature and extent of all material market and to ensure the implementation of and compliance with risk management policies and procedures. The incumbent will lead in developing and promoting a “Best in Class” risk oversight environment for the market risk associated with RBC’s Capital Market businesses and activities.

What will you do?

• Provide risk oversight for RBC’s Capital Market trading, acting as a key link between trading staff, management and Group Risk Management.
• Oversee and enhance risk control processes for the business: Develop key sensitivity metrics, implement metrics and establish risk reporting; establish and implement appropriate limits to ensure that business is operating within approved policies and limits; identify supplementary risk controls that may be required to manage the risks and exposure as necessary.
• Frequently involve in the market risk framework with regard to various valuation adjustments (CVA, FVA, discounting VA etc.) for derivative products across the bank.
• Be a key partner to the business in the development of the Risk Control frameworks as it pertains to a robust risk oversight and control governance infrastructure.
• Monitor trading activities and exposures to ensure they are within approved policies and limits, and that reports are timely and accurate.
• Promote a greater focus on risk analysis, and provide effective and constructive challenge to the Front Office where appropriate through active dialogue regarding business strategies, risk representation, and limit compliance.
• Provide insights and commentary on key risks and exposures versus market trends and potential events.
• Ensure that all material market risk models are independently vetted and certified before the commencement of trading.

What do you need to succeed?

Must-have

• MBA or Master’s degree with an emphasize in financial risk management, financial engineering/math, economics, or a quantitative discipline.
• 3+ years of related work experience in capital markets and/or risk management (Market Risk / Credit Risk) including: potential future exposure measurement and back-testing, derivative documentation and collateral arrangements, strong knowledge of counterparty credit and market risk concepts (credit risk analysis, market risk sensitivity analysis, VaR, stress testing etc.).
• In depth knowledge of vanilla and exotic derivative products spanning all asset classes, including Fixed income, Credit, Foreign Exchange, Commodity, and Equity.
• Strong written and oral communication skills with the ability to condense complex details into narratives suitable for communication with senior risk and business management.
• Strong technology experience with proven track record in implementing risk-related software applications such as Python.

Nice-to-have

• Previous experience leading and mentoring and building a high-performance team.
• Leadership role in large scale projects with a tractable success rate.
• Familiar with regulatory/compliance requirements (FRTB, Volcker, etc.).
• CFA/ FRM are an asset.

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.

• Opportunity to learn variety of asset classes within RBC business units.
• Opportunity to learn and lead comprehensive and amalgamated derivative businesses and strategies within Market Risk and Sales & Trading.
• Potential to utilize transferable skills and grow within other related business areas.
• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.

Job Skills

Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, 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: 2025-04-08

Application Deadline: 2025-04-23

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.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.