Market Risk Intern, Winter 2027 (Ontario)

0000050007 Royal Bank of Canada; Toronto; On-site; CAD 12,000 - 16,000; Full time

Job summary

Royal Bank of Canada is offering a 4-month Winter 2027 Student placement in Ontario within Group Risk Management. You will provide market risk oversight for Global Equities and Central Funding, analyze trading strategies, and support risk reporting.

The role emphasizes collaboration with trading teams and stakeholders to automate and improve processes using Python and AI tools. You will be located in Ontario for the duration, with flexible arrangements discussed with the Hiring Manager.

Qualifications

• Bachelor or MS in Finance, Economics or a Quantitative subject.
• Education in risk management or related work experience in capital markets including knowledge of market risk concepts (sensitivity analysis, VaR, stress testing etc.).
• Knowledge of vanilla derivative products in most asset classes, including Equity, Fixed income, and Foreign Exchange.
• Proficient in Python and SQL; Other strong technology experience with proven track record is a plus.
• Strong written and oral communication skills.
• Strong collaborator and have a high level of curiosity.

Responsibilities

• Provide market risk oversight for Global Equities and Central Funding businesses in Canada, acting as a key link between trading staff, management, and Group Risk Management.
• Support the management of market risk reporting process and ensure accuracy of key risk metrics.
• Analyze key trading strategies and products to ensure they are in line with RBC's risk tolerance and objectives.
• Monitor changes in portfolio and market to extract value-added insight for senior management.
• Highlight key market themes and events that form risk thematic relevancy to your coverage.
• Monitor trading activities and exposures to ensure they are within approved policies and limits, and that reports are timely and accurate.
• Review significant transactions to help facilitate businesses while ensuring proper risk controls.
• Collaborate with trading teams to ensure cohesion on key risk issues: systems, limits, risk management.
• Collaborate and coordinate among different stakeholders to meet enterprise/business line project deliverables. This will include projects related to capital requirements, risk modernization, as well as on-demand ad-hoc requests from internal partners.
• Identify opportunity to automate, improve and standardize processes within the market risk team using python and AI tools.

Skills

Python

SQL

Communication

Detail-oriented

Interpersonal relationships

Listening effectively

Personal development

Personal initiative

Education

Bachelor's degree in Finance/Economics/Quantitative

MS in Finance or related field

Job description

Royal Bank of Canada is offering a 4-month Winter 2027 Student placement in Ontario within Group Risk Management. You will provide market risk oversight for Global Equities and Central Funding, analyze trading strategies, and support risk reporting.

The role emphasizes collaboration with trading teams and stakeholders to automate and improve processes using Python and AI tools. You will be located in Ontario for the duration, with flexible arrangements discussed with the Hiring Manager.