Senior Lead, Market Risk Stress Testing & Scenarios

RBC; Toronto; On-site; CAD 140,000 - 190,000; Full time

Job summary

RBC in Toronto is seeking an Associate Director to join the Market Risk Stress Testing team within Market and Counterparty Credit Risk. You will design, implement, and analyze stress scenarios across asset classes to help senior management and regulators assess risk and capital adequacy.

The role offers visibility across business lines, involvement in regulatory testing, and collaboration with executives. Requirements include 5+ years in market risk measurement, strong IT and communication

Qualifications

• 5+ years of experience in a role supporting market and counterparty credit risk measurement and reporting.
• Strong understanding and thorough knowledge of traded products, derivative pricing, market risk methodologies, systems and processes.
• Strong understanding of IT practices and ability to manage and prioritize development tasks, as required.
• Excellent written and oral communication skills, including prior experience with presenting to senior audiences.
• Ability to work collaboratively and under tight deadlines.
• MBA, MA or MSc or equivalent with emphasis in finance, economics or a quantitative discipline.

Responsibilities

• Conduct thorough analysis to ensure completeness and reasonableness of results, produce summaries of potential concentrations and trends in risk that could result in significant financial loss under adverse market conditions.
• Participate in the scenario design process including identifying all material market risks, appropriately calibrating stress shocks, and reviewing and challenging scenario designs approaches and assumptions.
• Demonstrate a deep, detailed understanding of trading and non-trading market risks at RBC as well as the current market environment, to provide senior management with confidence in the reasonableness of stress test outcomes that may inform necessary action(s).
• Execute the market risk components of all regulatory stress tests – such stress tests are critical in assuring regulators that RBC is well-positioned to withstand severe but plausible market events.
• Document, challenge and provide expertise on market risk stress testing methodologies and assumptions across RBC.
• Gather findings and results of stress tests, methodology changes, and system changes to business heads and internal review committees.
• Provide requirements in the design of key components of the strategic market risk platform that are related to stress testing and test the IT builds before promotion to production.

Skills

Market risk

Stress testing

Excel

SQL

Python

Communication

Education

MBA/MA/MSc in finance/economics

Tools

Python

SQL

Excel

Job description

RBC in Toronto is seeking an Associate Director to join the Market Risk Stress Testing team within Market and Counterparty Credit Risk. You will design, implement, and analyze stress scenarios across asset classes to help senior management and regulators assess risk and capital adequacy.

The role offers visibility across business lines, involvement in regulatory testing, and collaboration with executives. Requirements include 5+ years in market risk measurement, strong IT and communication