Associate Director, Market Risk Oversight, Non-Trading Portfolio

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

Job summary

RBC is seeking an Associate Director to lead risk analysis for its Non-Trading Portfolio. This role involves working with various business executives and risk teams to ensure effective risk oversight and advisory. The ideal candidate will have extensive experience in risk management and a strong understanding of financial markets, along with excellent communication skills.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Competitive compensation

Development support from leaders

Agile and collaborative work environment

Qualifications

• Over 5 years of experience in risk management or trading roles.
• Strong understanding of financial markets and trading businesses.
• Private credit portfolio management experience is a strong plus.

Responsibilities

• Implement and coordinate market risk management framework.
• Build relationships and provide insights to senior management.
• Conduct regular reviews of Risk Appetite and Risk Limits frameworks.

Skills

Communication

Decision Making

Economic Analysis

Financial Instruments

Group Problem Solving

Investment Risk Management

Market Analysis

Market Risk

Risk Management

Education

MBA

MA

MS

Tools

Python

Microsoft Excel

Bloomberg

Job description

Job Summary

Job Description

What is the opportunity?

As Associate Director, you will take a leading role and undertake analysis to define, measure, assess, and provide risk insights into RBC’s Non-Trading Portfolio businesses such as Insurance, Wealth Management, Pension, and other Banking products. This role offers a unique opportunity for you to work closely with different business executives and with the broader risk teams in delivering independent risk oversight and advisory to ensure a complete and clear execution of RBC’s market risk framework.

What will you do?

• Responsible for the implementation and coordination of an integral market risk management framework for the subsidiary companies’ balance sheets: Insurance, Wealth Management, Pension, Structural FX, Corporate Venture Capital, Private Equity, and other Banking products
• Build strong relationships and work collaboratively with businesses, both as independent risk fiduciary and a value-add partner
• Provide senior management with insights on potential developments, risk concentrations, and risk trends that could result in significant financial losses under adverse market conditions
• Demonstrate a deep, detailed understanding of trading and non-trading market risks at RBC as well as of the current market environment, and be able to conduct reasonability reviews of risk assessments
• Conduct regular reviews of the Risk Appetite and Risk Limits frameworks for market risk, ensuring that risks are appropriately managed, and tolerances are appropriately calibrated at the Enterprise level and by key business lines
• Develop and execute market risk projects to implement a feasible infrastructure and enable reliable market risk measures, providing requirements in the design of key components of the strategic market risk platform, and ensuring these components are delivered effectively by IT

What do you need to succeed?

Must-have:

• Over 5 years of experience in risk management or trading roles
• Strong understanding of financial markets and trading businesses
• Private credit portfolio management experience is a strong plus
• Thorough knowledge of risk models, risk sensitivities, risk aggregation, and best practice governance
• Excellent communication skills with the ability to simplify complex information clearly
• Proficient in Python (or equivalent), Microsoft Excel, Bloomberg

Nice-to-have:

• MBA, MA or MS or equivalent with emphasis in finance, economics or a quantitative discipline.
• CFA, FRM or other related professional qualifications

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, competitive compensation
• 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 senior level executives from many different parts of the organization

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:

2025-05-14

Application Deadline:

2025-05-31

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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