Associate Director, GRM Market Risk

RBC; New York (NY); On-site; USD 120,000 - 200,000; Full time

Benefits offered by this job

Total rewards

Career development

Impact and autonomy

Dynamic team environment

Challenging work

Client relationships

Job summary

RBC is seeking an Associate Director for Local Market Risk in New York to lead independent monitoring and reporting of equity derivatives risk. You will collaborate with trading, risk management and technology to implement risk policies and improve controls.

The role emphasizes oversight of designated desks, development of risk tools, and proactive risk management in a fast-paced environment. 40-hour weeks with strong compensation and career growth opportunities.

Qualifications

• MS/MA, MBA or BS/BA with emphasis in finance, economics or a quantitative discipline.
• 7+ years' experience in derivatives, market risk management, trading, or a related capital markets function.
• Strong technology experience with Python and familiarity with SQL.
• Ability to handle and prioritize a significant and diverse workload, with strong attention to detail.
• Ability to communicate clearly to key relationship contacts.
• Ability to work effectively in a demanding fast-paced environment.
• Independent and Curious: Demonstrates the ability to work autonomously with minimal supervision, coupled with a natural curiosity and eagerness to explore and solve complex problems.

Responsibilities

• Provide independent oversight for the Equity Derivatives trading businesses: structured equity products and flow.
• Manage the market risk reporting process and ensure the accuracy of key risk measurements.
• Analyse complex derivatives transactions, assess resulting market risk exposures and hedging strategies.
• Analyse key trading strategies and products to ensure they are in line with RBC's risk tolerance and objectives.
• Be the go-to person on designated desks including but not limited to: understanding key risks and P&L changes, soundness and completeness of risk processes, and proactive risk control framework development.
• Monitor changes in portfolio and market to extract value-added insight for senior management.
• Review significant transactions to help facilitate business and ensure proper risk controls.
• Develop, update, and enhance limit frameworks, stress testing and scenario analysis, risk reporting, dashboards, and analytical tools as derivatives risks evolve.
• Review new business initiatives, new products, structured transactions, trading strategy changes, and methodology enhancements to assess market risk, regulatory considerations, governance requirements, and control implications.
• Data analysis of large quantities of data, including ability to draw conclusions related to limits, approvals, and risk trends.
• Collaborate with trading teams to ensure cohesion on key risk issues: systems, limits, risk management.
• Collaborate and coordinate among different stakeholders to meet enterprise/business line project deliverables including capital requirements and risk modernization projects.
• Proactively leverage emerging AI tools and technologies to enhance workflows, drive process improvements, and deliver innovative solutions that create measurable value for risk teams and business partners.

Skills

Python

SQL

Analytical thinking

Communication skills

Prioritization

Autonomy

Education

MS/MA/MBA or BS/BA in finance/economics/quantitative discipline

Job description

Job Description

What is the opportunity?

As part of the Group Risk Management team, the Associate Director at Local Market Risk is responsible for providing independent and effective monitoring, control, and communications on the nature and extent of all material market risk and ensures the implementation and compliance with risk management policies and procedures.

The new hire will join as a member of the GRM Market Risk team responsible for oversight of equities derivatives in New York. Coverage includes equity derivatives structured products and flow.

You will partner with stakeholders across trading business, risk management and technology to ensure the implementation of and compliance with market risk policies and procedures.

What will you do?

• Provide independent oversight for the Equity Derivatives trading businesses: structured equity products and flow. Become a subject matter expert on designated desks.
• Manage the market risk reporting process and ensure the accuracy of key risk measurements.
• Analyse complex derivatives transactions, assess resulting market risk exposures and hedging strategies.
• Analyse key trading strategies and products to ensure they are in line with RBC's risk tolerance and objectives.
• Be the go-to person on designated desks including but not limited to: understanding key risks and P&L changes, soundness and completeness of risk processes, and proactive risk control framework development.
• Monitor changes in portfolio and market to extract value-added insight for senior management. Highlight key market themes and events with risk relevance to coverage.
• Review significant transactions to help facilitate business and ensure proper risk controls.
• Develop, update, and enhance limit frameworks, stress testing and scenario analysis, risk reporting, dashboards, and analytical tools as derivatives risks evolve.
• Review new business initiatives, new products, structured transactions, trading strategy changes, and methodology enhancements to assess market risk, regulatory considerations, governance requirements, and control implications.
• Data analysis of large quantities of data, including ability to draw conclusions related to limits, approvals, and risk trends. Examine trends using advanced statistical and quantitative techniques.
• Collaborate with trading teams to ensure cohesion on key risk issues: systems, limits, risk management.
• Collaborate and coordinate among different stakeholders to meet enterprise/business line project deliverables including capital requirements and risk modernization projects.
• Proactively leverage emerging AI tools and technologies to enhance workflows, drive process improvements, and deliver innovative solutions that create measurable value for risk teams and business partners.

What do you need to succeed?

Must Have

• MS/MA, MBA or BS/BA with emphasis in finance, economics or a quantitative discipline.
• 7+ years' experience in derivatives, market risk management, trading, or a related capital markets function.
• Strong technology experience with Python and familiarity with SQL.
• Ability to handle and prioritize a significant and diverse workload, with strong attention to detail.
• Ability to communicate clearly to key relationship contacts.
• Ability to work effectively in a demanding fast-paced environment.
• Independent and Curious: Demonstrates the ability to work autonomously with minimal supervision, coupled with a natural curiosity and eagerness to explore and solve complex problems.

Nice to Have

• Practical experience with AI tools
• Strong written and verbal communication skills
• Ability to prioritize in a fast-moving environment

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.

• 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.

• Opportunities to do challenging work.

• Opportunities to build close relationships with clients.

The expected salary range for this particular position is $120,000-$200,000 (New York) depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high-performance culture

• Enables collective achievement of our strategic goals

• Generates sustainable shareholder returns and above market shareholder value

Application Deadline

2026-10-03

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

Job Skills

Decision Making, Financial Instruments, Group Problem Solving, Market Risk, Performance Management (PM), Resource Coordination, Risk Management, Waterfall Model

Additional Job Details

Address

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City

New York

Country

United States of America

Work hours/week

40

Employment Type

Full time

Platform

GROUP RISK MANAGEMENT

Job Type

Regular

Pay Type

Salaried