Associate Director - Strategic Initiatives and Controls, Enterprise Market Risk

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

Job summary

A leading financial institution seeks an Associate Director to manage market and counterparty credit risk processes. This role involves coordinating controls, preparing capital impact estimates, and mentoring team members. Ideal candidates will have strong analytical skills and a background in finance or related fields.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Development through coaching

Agile, collaborative work environment

Qualifications

• 5+ years of experience in market and counterparty credit risk.
• Broad understanding of Regulatory requirements for market risk capital.
• Strong quantitative and analytical skills.

Responsibilities

• Coordinate controls and processes between Trading and Banking Book.
• Prepare market risk capital impact estimates.
• Provide guidance and mentoring within the team.

Skills

Analytical Thinking

Change Management

Communication

Decision Making

Market Risk Management

Stakeholder Engagement

Education

Bachelor's degree in business

Bachelor's degree in finance

Bachelor's degree in financial engineering

Bachelor's degree in mathematic finance

Tools

Excel

Python

SQL

Job description

Supports senior management in the development, implementation, and communication of complex market and derivatives risk management policies and processes. Typically manages 2 or more specialized departments comprised of supervisors, managers, professionals, and / or large numbers of operational support employees.

Job Description

What is the opportunity?

As an Associate Director, you are an integral member of the Strategic Initiatives and Controls team, within Market and Counterparty Credit Risk (MCCR).

The Strategic Initiatives and Controls team develops, implements, and maintains various controls and processes that manage the boundary between the Trading and Banking Books, as it relates to the calculation of capital and internal risk management. 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 controls and governance framework by liaising directly with key contacts and leaders across the bank.

You act as a Risk representative, providing insight, guidance, and control where applicable, and having direct and immediate impact to RBC.

What will you do?

• Coordinate and perform all aspects of controls and processes related to the boundary between the Trading and Banking Book, which may include : Prescriptive and presumptive treatment of trading book instruments;Monitoring of Equity Investment in Funds (EIF);Reassignment of instruments between the Trading and Banking Books;Alignment of trades / positions between market risk capital calculations and financial reporting.
• Prepare market risk capital impact estimates for reassignment of instruments across the Regulatory Book boundary, as required.
• Function as point of escalation and resolution for issues that impact the boundary between Trading and Banking Books, as well as the trades / positions that inform the market risk capital calculation.
• Provide guidance, coaching, and mentoring within the team to drive overall team performance.
• Prepare various committee materials, follow up with FO trader(s), Business Manager(s) and other functions for details, as required.
• Perform support and analysis, as needed, for ad hoc requests.

What do you need to succeed?

Must-have

• 5+ years of experience in a role supporting market and counterparty credit risk measurement and reporting.
• Broad understanding of Regulatory requirements for market risk capital and reporting.
• General understanding of derivative pricing, market risk methodologies, IT systems, and processes.
• Strong desire to execute change in an organization, marrying necessary changes in roles, responsibilities and processes to support market risk oversight, measurement, and reporting.
• Broad understanding of IT practices and ability to manage and prioritize development tasks.
• Ability to effectively influence stakeholders, through negotiation and conflict resolution.
• Bachelor's degree (or higher) in business, finance, financial engineering / mathematic finance, with strong quantitative and analytical skills and attention to detail.

Nice-to-have

• CFA, FRM or other related professional qualifications.
• Proficient in Excel, Python or other programming languages preferred

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

Analytical Thinking, Bank Regulations, Capital Adequacy, Change Management, Communication, Decision Making, Derivatives, Financial Instruments, Group Problem Solving, Market Analysis, Market Risk, Market Risk Management, Microsoft Excel, Python (Programming Language), Risk Management, Stakeholder Engagement, Stakeholder Influence, Stakeholder Management, Stakeholder Negotiations, Structured Query Language (SQL)