Associate Director, Market Risk Stress Testing

RBC; Toronto; On-site; CAD 140,000 - 190,000; Full time

Job summary

RBC in Toronto is seeking an Associate Director to join the Market Risk Stress Testing team within Market and Counterparty Credit Risk. You will design, implement, and analyze stress scenarios across asset classes to help senior management and regulators assess risk and capital adequacy.

The role offers visibility across business lines, involvement in regulatory testing, and collaboration with executives. Requirements include 5+ years in market risk measurement, strong IT and communication

Qualifications

• 5+ years of experience in a role supporting market and counterparty credit risk measurement and reporting.
• Strong understanding and thorough knowledge of traded products, derivative pricing, market risk methodologies, systems and processes.
• Strong understanding of IT practices and ability to manage and prioritize development tasks, as required.
• Excellent written and oral communication skills, including prior experience with presenting to senior audiences.
• Ability to work collaboratively and under tight deadlines.
• MBA, MA or MSc or equivalent with emphasis in finance, economics or a quantitative discipline.

Responsibilities

• Conduct thorough analysis to ensure completeness and reasonableness of results, produce summaries of potential concentrations and trends in risk that could result in significant financial loss under adverse market conditions.
• Participate in the scenario design process including identifying all material market risks, appropriately calibrating stress shocks, and reviewing and challenging scenario designs approaches and assumptions.
• Demonstrate a deep, detailed understanding of trading and non-trading market risks at RBC as well as the current market environment, to provide senior management with confidence in the reasonableness of stress test outcomes that may inform necessary action(s).
• Execute the market risk components of all regulatory stress tests – such stress tests are critical in assuring regulators that RBC is well-positioned to withstand severe but plausible market events.
• Document, challenge and provide expertise on market risk stress testing methodologies and assumptions across RBC.
• Gather findings and results of stress tests, methodology changes, and system changes to business heads and internal review committees.
• Provide requirements in the design of key components of the strategic market risk platform that are related to stress testing and test the IT builds before promotion to production.

Skills

Market risk

Stress testing

Excel

SQL

Python

Communication

Education

MBA/MA/MSc in finance/economics

Tools

Python

SQL

Excel

Job description

Job Description

What is the opportunity?

As an Associate Director, you are an integral member of the Market Risk Stress Testing team within Market and Counterparty Credit Risk (MCCR). The Market Risk Stress Testing team develops, implements, and analyzes stress scenarios across all asset classes to provide senior management, business heads, and regulators with views on market risk concentrations and capital adequacy.

The team is also responsible for ensuring compliance with all regulatory stress testing requirements for market risk. In this highly visible role, you will gain broad exposure to multiple business lines, trading strategies and financial instruments through the continued development of the market risk stress testing program, with an emphasis on the design, implementation and analysis of relevant stress scenarios.

What will you do?

• Conduct thorough analysis to ensure completeness and reasonableness of results, produce summaries of potential concentrations and trends in risk that could result in significant financial loss under adverse market conditions.
• Participate in the scenario design process including identifying all material market risks, appropriately calibrating stress shocks, and reviewing and challenging scenario designs approaches and assumptions.
• Demonstrate a deep, detailed understanding of trading and non-trading market risks at RBC as well as the current market environment, to provide senior management with confidence in the reasonableness of stress test outcomes that may inform necessary action(s).
• Execute the market risk components of all regulatory stress tests – such stress tests are critical in assuring regulators that RBC is well-positioned to withstand severe but plausible market events.
• Document, challenge and provide expertise on market risk stress testing methodologies and assumptions across RBC.
• Gather findings and results of stress tests, methodology changes, and system changes to business heads and internal review committees.
• Provide requirements in the design of key components of the strategic market risk platform that are related to stress testing and test the IT builds before promotion to production.

What do you need to succeed?

• 5+ years of experience in a role supporting market and counterparty credit risk measurement and reporting.
• Strong understanding and thorough knowledge of traded products, derivative pricing, market risk methodologies, systems and processes.
• Strong understanding of IT practices and ability to manage and prioritize development tasks, as required.
• Excellent written and oral communication skills, including prior experience with presenting to senior audiences.
• Ability to work collaboratively and under tight deadlines.
• Detailed knowledge of MS Excel, SQL, and Python
• MBA, MA or MSc or equivalent with emphasis in finance, economics or a quantitative discipline.

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 agile, collaborative, progressive, and high-performing team
• The opportunity to interface with senior level executives from many different parts of the organization

Job Skills

Data Administration, Data Governance, Data Modeling, Data Structures, Decision Making, Financial Regulation, Group Problem Solving, Information Management, Long Term Planning, Multi-Level Communication

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:

2026-10-16

Application Deadline:

2026-10-31

Note** : **Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.