Risk Manager, Counterparty Credit Risk

RBC; Toronto; On-site; CAD 70,000 - 100,000; Full time

Job summary

A leading financial institution in Toronto is seeking a professional to manage counterparty credit risk data. The role involves conducting investigations on complex client reference data, engaging with various functions within the firm, and ensuring accurate management of credit limit and trading agreement data. Candidates should have an undergraduate degree in finance or business and 2-4 years of relevant experience. Strong analytical skills and proficiency in SQL, VBA, or Python will be advantageous. Flexible work-life balance options and a comprehensive rewards program are offered.

Benefits

Competitive compensation

Flexible work/life balance options

World-class training program in financial services

Qualifications

• 2-4 years’ experience in a capital markets risk, control or data management function.
• Experience in database/data management and analysis.
• Strong writing, communication, and interpersonal skills.

Responsibilities

• Conduct timely investigations around complex client reference data.
• Engage various functions within CCR and across Capital Markets.
• Manage critical credit limit and trading agreement data.

Skills

Ad Hoc Reporting

Data Analysis

Communication

Counterparty Credit Risk (CCR)

Database Queries

Education

Undergraduate degree in Finance or Business

Tools

SQL

VBA

Python

Job description

What is the opportunity?

Counterparty Credit Risk Data Management is responsible for ensuring the infrastructure accurately reflects RBC’s risk appetite and legal agreements on credit mitigation. This will involve a range of complexity from low-touch automated data to exceedingly complex client and agreement structures for which you will engage multiple groups to investigations and propose mapping solutions.

Timely and accurate mapping of client credit data contributes to successful measurement of credit risk exposures and capital requirements, as well as and pre-trading pricing, compliance and availability checks performed by the front office traders.

What will you do?

• Conduct timely and thorough investigations around complex client reference data – primarily in relation to OTC derivative clients and their associated credit hierarchies, limit structures, and collateral and netting agreement terms.
• Engage various functions within CCR and across Capital Markets to provide subject matter expertise in support of new or evolving processes or client structures.
• Work with a team of risk managers to carrying out accurate, timely, and efficient management of critical credit limit and trading agreement data to support all trading activities on the RBC Capital Markets and RBC IS platforms. Significant data sets include:
  • 130,000+ counterparty and issuer credit limits in RBC trading limit systems
  • Key collateral and margin agreement information related to over 15,000 derivative agreements in the collateral system
  • Credit and Settlement netting records for all OTC derivative, FX, and Continuously Linked Settlements agreements.
• Conducting efficient analysis of large data sets for ad hoc reporting to management and stakeholders.
• Identifying and escalating system infrastructure issues to appropriate support teams and management as needed and identifying opportunities to improve process efficiencies either through development or the use of other technical tools.

What do you need to succeed?

Must-have

• Undergraduate degree, preferably in Finance or Business
• 2-4 years’ experience in a capital markets risk, control or data management function
• Experience in database/data management and analysis
• Strong PC skills, particularly Microsoft office,
• Strong writing, communication, and interpersonal skills
• Ability to work in fast paced dynamic environment with changing priorities
• High standards for accuracy and efficiency.

Nice-to-have

• Understanding of credit management including limit adjudication and credit mitigation strategies (i.e., collateral, guarantees, etc.)
• Experience working with SQL, VBA, and Python

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, competitive compensation, commissions, and stock where applicable

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact

• Work in a dynamic, collaborative, progressive, and high-performing team

• A world-class training program in financial services

• Flexible work/life balance options

• Opportunities to do challenging work

• Opportunities to take on progressively greater accountabilities

• Opportunities to building close relationships with clients

• Access to a variety of job opportunities across business and geographies

Job Skills

Ad Hoc Reporting, Business Data Analysis, Capital Markets, Collateral Management, Communication, Counterparty Credit Risk (CCR), Credit Analysis, Critical Thinking, Data Analysis, Database Queries, Data Visualization, Decision Making, Financial Risk, Process Efficiencies, Quantitative Methods, Reference Data, 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: 2025-12-18

Application Deadline: 2026-01-03

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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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.