Risk Manager, GRM Counterparty Credit Risk

Royal Bank of Canada; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading financial institution in London is seeking an experienced professional for a role in the Counterparty Credit Risk team. The position involves monitoring credit limits, providing trade approvals, and performing in-depth reporting. Candidates should possess a relevant degree and experience in Capital Markets. The role requires strong analytical abilities and proficiency in tools like Excel and programming languages. Join a dynamic team to drive impactful financial solutions.

Benefits

Comprehensive Total Rewards Program

World-class training program

Opportunity to work with leading professionals

Supportive leadership for development

Qualifications

• Experience in a support function in Capital Markets (Risk Management, Audit, etc.).
• Understanding of Capital Markets trading products and related credit risk concepts.
• Strong communication and inter-personal skills are required.
• Desire to work in a fast-paced environment and multi-task efficiently.

Responsibilities

• Monitor trading credit limits and investigate excesses.
• Provide credit sizing and trade approvals per established protocols.
• Complete month-end reporting for management committees.

Skills

Business Data Analysis

Communication

Credit Analysis

Critical Thinking

Database Queries

Data Visualization

Decision Making

Quantitative Methods

Risk Management

Education

Bachelor's or Master's Degree in Finance, Economics, Math or other quantitative discipline

Tools

Microsoft Excel

Python

SQL

VBA

Bloomberg

Job description

Job Description

What is the opportunity?

You will be joining the Counterparty Credit Risk (CCR) team in London, within the Group Risk Management (GRM) function of the Royal Bank of Canada. You will be part of a dynamic team with presence in London, Toronto, New York, Singapore and Sydney. The CCR London team is responsible for monitoring, analysing, credit-sizing and reporting on counterparty credit risk exposures stemming from the European trading activity within RBC Capital Markets, RBC Europe Limited, RBC IS Trust, and RBC Wealth Management in Channel Islands. You will be providing independent oversight for counterparty credit risks arising from RBC Capital Markets and RBC Europe Limited. The role covers a wide range of products including - but not limited to - Securities Finance, Commodities, Derivatives (Interest Rates, FX, Equities, Credit), Inventory, Money Markets and Centrally Cleared products. This role requires 4 days in the office.

What will you do?

• Ensure trading credit limits are monitored and all excesses are investigated daily and reported in a timely manner. This includes the closure and follow-up of all excesses for London based Securities Finance (Central Funding Group) and Commodities Financing businesses as well as for activity in RBC Europe Limited. For excesses that were not pre-approved, investigate and document limit breach, and present corresponding details and recommendation at MCCR Conduct Committee as required.
• Provide timely support to Front Office stakeholders to facilitate trade requests which fall outside of authorised limits and/or Standing Orders, or to answer any other queries related to counterparty credit risk.
• Provide credit sizing and trade approvals in accordance with Standing Orders and CCR Delegated Authority. For specific requests outside of these authorities, prepare detailed recommendations and elevate requests to Manager, Senior CCR Management and / or Wholesale Credit Risk (WCR) as required.
• Ensure assigned reports are completed in a timely manner and in particular, that risk reporting is reviewed and well understood. All reports must be assessed for data quality, accuracy, and completeness.
• Complete month-end / quarter-end reporting for local and global management committees, and prepare corresponding comments regarding exposure analysis, trends and market events. Present key highlights and concerns at local and global CCR Management forums.
• Review and elevate as required any material failed settlements upon notification from BCS.
• Assist with the completion of ad hoc or periodic information requests related to counterparty risk from Regulators, Senior Management in Front Office, GRM and Regulatory Reporting as required.

What do you need to succeed?

Must-have

• Bachelor's or Master's Degree in a technical discipline (such as Finance, Economics, Math or other quantitative discipline) or equivalent.
• Experience in a support function in Capital Markets (Risk Management, Audit, BCS...).
• Understanding of Capital Markets trading products and related credit risk concepts (TTL, PFE, MTM, ETCs, Stress scenarios etc.).
• Strong communication (verbal and written) and inter-personal skills.
• Strong analytical skills and attention to details.
• Highly self‑motivated and ability to work autonomously.
• Desire to work in a fast‑paced environment and build on existing capability of prioritising multiple requests /deliverables on short notice (multi‑tasking essential).
• Incumbent thrives in a team environment and working collaboratively with other stakeholders towards a common goal.
• Excellent problem‑solving skills in a high pressured environment.
• Very proficient with Microsoft Excel, Power Point, Word.
• Working knowledge of Python, SQL, VBA or other programming languages.
• Be comfortable using a range of trading and credit software applications.

Nice‑to‑have

• Experience in Credit Risk, Counterparty Credit Risk or Market Risk.
• CFA or FRM.
• Experience with Bloomberg.

What is 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, flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Opportunities to work with the best in the field
• 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.

Agency Notice

RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pays fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.

Job Skills

Business Data Analysis, Communication, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Quantitative Methods, Risk Management

Additional Job Details

Address: 100 BISHOPSGATE, LONDON

City: London

Country: United Kingdom

Work hours/week: 35

Employment Type: Full time

Platform: GROUP RISK MANAGEMENT

Job Type: Regular

Pay Type: Salaried

Posted Date: 2026-01-20

Application Deadline: 2026-02-03 Note: 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.