Product Owner - MCCR Strategic Delivery

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

Job summary

A financial institution in Toronto is seeking a Product Owner in Market & Counterparty Credit Risk. You will lead the requirements definition for FRTB market risk applications while collaborating with IT and business stakeholders. Candidates should possess a graduate degree and at least 5 years of relevant experience, including strong skills in SQL and Python. This role offers opportunities for development within a high-performing team, in a dynamic work environment.

Benefits

Career development opportunities

Collaborative work environment

Challenging projects

Qualifications

• Minimum 5 years of relevant industry experience.
• Strong background in market risk, including sensitivity analysis, FRTB capital, and VaR.
• Excellent stakeholder management and communication skills.

Responsibilities

• Translate business requirements into product requirements for FRTB market risk applications.
• Perform UAT testing for functional changes.
• Conduct sensitivity and risk analysis across valuation systems.

Skills

SQL

Python

Agile Methodology

Market Risk Management

Credit Risk Management

Education

Graduate degree in a quantitative or technical discipline

Job description

Job Description

The Market & Counterparty Credit Risk (MCCR) area within Group Risk Management provides independent and effective monitoring, control and communication on the nature and extent of market and counterparty credit risks. The group also ensures the implementation of and compliance with relevant risk management policies and procedures.

What is the opportunity?

The Strategic Delivery group within MCCR is responsible for the management of the infrastructure that enables MCCR to deliver on its mandate, primarily the infrastructure used for the measurement, reporting, analysis, monitoring and control of market and counterparty credit risks. The Product Owner within this team serves as a core leader for specific sets of MCCR systems and applications, in partnership with Enterprise GFT (Global Functions Technology) and Capital Markets' QTS (Quantitative and Technology Services). The focus for this role is to provide insights and requirements for FRTB market risk capital calculation, including calculation and reporting specifications.

What will you do?

• Triage and translate business requirements into well‑defined product requirements, including business outcomes, user stories and acceptance criteria, for FRTB market risk applications.
• Clarify risk requirements and concepts to IT teams (Risk IT and QTS).
• Perform UAT testing for FRTB functional changes.
• Work with GRA and Enterprise Market Risk to understand current reports and translate them into requirements.
• Conduct sensitivity and risk analysis across various valuation systems to ensure the risk output is reconciled and explained after methodology enhancements.
• Prioritise and maintain the backlog for FRTB, understanding the benefits and materiality of outcomes and balancing stakeholder requirements.
• Raise prioritisation and timeline concerns to Business Leads in a timely manner to ensure stakeholders’ concerns are proactively resolved.
• Maintain strong partnership with IT partners (GFT and QTS) and Program Delivery teams (Risk and Capital Markets).

What do you need to succeed?

Must‑have

• Graduate degree in a quantitative or technical discipline.
• Minimum 5 years of relevant industry experience.
• Strong background in market risk, including sensitivity analysis, FRTB capital and VaR.
• Strong working experience in SQL and Python.
• Excellent stakeholder management and communication skills.

Nice‑to‑have

• Previous market risk project experience and engagement with IT stakeholders.
• Proven experience with business systems analysis and program management.
• Thorough understanding of financial institutions business processes and risk management framework, including regulatory environment.

What’s in it for you?

• Leaders who support your development through coaching and management opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high‑performing team.
• Opportunities to undertake challenging work and make a difference.
• Opportunities to build close relationships.

Job Skills

Agile Methodology, Big Data, Business Objectives, Business Solutions Design, Counterparty Risk Management, Credit Risk Modeling, Credit Risk Reporting, IT Solution Design, Market Risk Management, Market Risk Modeling, Python (Programming Language), Structured Query Language (SQL).

Inclusion and Equal Opportunity Employment

Inclusion and Equal Opportunity Employment

Location

Royal Bank Plaza, 200 Bay St, Toronto, Canada