Risk Manager, Market and Counterparty Credit Risk - Ccr Regulatory Capital

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

Job summary

A leading financial institution seeks a Risk Manager to oversee regulatory capital analysis and ensure compliance within the market risk domain. This role involves collaborating with cross-functional teams to enhance risk assessment procedures, alongside preparing key risk reports for stakeholders. The ideal candidate will possess strong analytical skills, a relevant graduate degree, and experience in managing risk associated with derivatives.

Benefits

Comprehensive Total Rewards Program

Flexible work/life balance options

Opportunities for professional development

Collaborative team environment

Qualifications

• Graduate degree focused on risk management, finance, or quantitative discipline.
• Strong understanding of OTC derivatives and associated risks.
• Relevant experience in a risk management role is beneficial.

Responsibilities

• Prepare risk reports and perform detailed analysis for capital reporting.
• Act as product owner managing planning and prioritization.
• Ensure regulatory compliance in capital calculations.

Skills

Analysis and Reporting

Communication

Data Visualization

Risk Management

Critical Thinking

Programming Languages

Quantitative Methods

Education

Graduate degree in risk management, finance, or quantitative discipline

Tools

Excel

Python

SQL

Job description

As Risk Manager, you report to a Director in the Market and Counterparty Credit Risk Capital group, and contribute to CCR regulatory capital analysis and reporting processes, as well as acting as product owner managing various regulatory and internally driven initiatives.

The CCR Regulatory Capital team part of the Enterprise Market Risk group plays a principal role in both the interpretation of continuously evolving regulatory requirements, and managing internal transitions of regulatory changes covering the derivatives and securities financing transactions space.

As Risk Manager, you also prepare risk reports and perform detailed analysis to contribute to critical capital reporting which informs Front Office stakeholders of key drivers and changes in their counterparty credit risk default and CVA capital. This role involves product ownership accountabilities managing enhancements associated with key CCR calculators within an agile framework in partnership with cross-functional teams including model development, application development and Front Office driving the end-to-end delivery process.

What will you do?

Be closely involved in the execution of month-end regulatory capital processes

Design and produce related reporting and analysis to inform key business stakeholders of risk drivers and changes, as well as the impact of regulatory transitions

Ensure new business initiatives are captured appropriately in regulatory exposure at default and capital calculations for both derivatives and securities financing transactions

Act as product owner delegate and lead the planning and prioritization process for key counterparty credit risk calculators to ensure the success of model and technical enhancements driving the end-to-end delivery process. Establish priority with an understanding of the benefits and materiality of outcomes, and balance the requirements of stakeholders

Work with various RBC front office businesses, Global Risk Analytics, Market Risk, Risk IT, and Finance to ensure counterparty credit risk capital is complete and accurate

What do you need to succeed?

Must-Haves

Graduate degree with emphasis in risk management, finance, or a quantitative discipline.

Strong understanding of traded products, particularly OTC derivatives products and their associated risks.

Strong verbal and written communication skills.

Self-motivated individual with strong analytical capabilities and attention to detail.

Ability to work evening and weekends on regulatory capital measurement and reporting, as required (10% of the time).

Excellent command of Excel, Python, and SQL experience.

Nice-to-Haves

Relevant experience in a risk management role

FRM, PRMIA, or CFA certification

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 and competitive compensation

Leaders who support your development through coaching and managing opportunities

Flexible work / life balance options

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

Opportunities to do challenging work

Job Skills

Analysis and Reporting, Business Data Analysis, Business Initiatives, Collateral Management, Communication, Counterparty Credit Risk (CCR), Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Financial Instruments, Investment Risk Management, Management Reporting, Programming Languages, Quantitative Methods, Regulatory Capital, Requirements Analysis, Risk Analytics, Risk Management, Taking Initiative