Manager, Counterparty Credit Risk

Job Summary

The Counterparty Credit Risk Exposure Monitoring – Issuer, Settlements & Pre-settlement Risk Team is part of the larger Counterparty Credit Risk Exposure Monitoring (CCREM) within Group Risk Management. The team has primary responsibility for monitoring, evaluating, and reporting credit & settlement risk exposures stemming from Capital Markets, I&TS and Wealth Management activities. The team provides regular oversight and management of counterparty and issuer credit risk in relation to Pre-settlement risk (Cash securities & unsettled loans), Settlement Risk, funding and liquidity management, trading inventory, Precious Metals, Mortgage and AFS activity with a focus on North America but general oversight globally.

As Manager, under the guidance of the Director, Counterparty Credit Risk Exposure and Monitoring, you are responsible for monitoring, analysis and reporting of credit & settlement risk exposures in a timely and accurate fashion for a number of product types including foreign exchange & derivatives settlements, trading inventory, cash security pre-settlement risk & other trading products.

As Manager, you will also assist with streamlining and automating the team’s oversight processes and monitoring. This would include development and coding efforts required to mechanize reporting streams and monitoring and adjudication tools for new and existing product categories.

What will you do?

• Pro-actively investigate risks to provide clear and comprehensive analysis to senior management on risk trends and concerns.
• Analyze key trading strategies and products to ensure they are in line with risk tolerance and objectives.
• Aid in the review and recommendation for approval of specific/significant transactions to help facilitate business while ensuring proper risk controls.
• Investigate, document and appropriately report/escalate credit limit excesses as per internal policies inclusive of Conduct Risk.
• Work with trading and other key business contacts to ensure mutual understanding of credit risk metrics, processes, and limits.
• Develop tools to investigate and appropriately report/escalate credit limit excesses and exposure concerns.
• Develop, Code and generate tools that will enable the team to review periodic and ad-hoc credit risk reporting in a timely and accurate fashion. These tools will enable the team to readily identify, investigate and summarize notable risk trends that are to inevitably escalated (as appropriate) to management.

What do you need to succeed?

Must-have

• 1-2 years of experience at a financial institution in a quantitative Risk Control function such as market or credit risk, with an understanding of capital markets trading products and related credit risk concepts.
• Master’s degree in a relevant subject such as Finance, Economics, or other quantitative discipline.
• Good command and hands on experience with Excel, Python, VBA programming, SQL or equivalent programming languages.
• Strong analytical and problem-solving skills.
• Solid verbal and written communication skills.
• Proven organizational skills, with the ability to meet strict deadlines.

Nice-to-have

• FRM, PRMIA, or CFA.

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

Business Data Analysis, Communication, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Quantitative Methods, 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: 2025-03-28

Application Deadline: 2025-04-12

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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