Associate Director, Market Risk

0000050176 RBC Capital Markets, LLC; New York (NY); On-site; USD 110,000 - 190,000; Full time

Job summary

An established industry player is seeking a seasoned professional to lead initiatives in FRTB implementation and market risk management. This role involves working closely with cross-functional teams to enhance data models and governance frameworks, ensuring compliance with regulatory standards. Candidates should possess a strong analytical background and excellent communication skills, enabling them to effectively collaborate with executives and diverse business lines. Join a dynamic team that values innovation and offers opportunities for impactful contributions in a high-performance environment.

Benefits

Comprehensive Total Rewards Program

Flexible Benefits

Competitive Compensation

Stock Options

401(k) with Company Matching

Health Insurance

Dental Insurance

Vision Insurance

Paid Time Off

Professional Development Opportunities

Qualifications

• 8+ years of experience at an Investment Bank with FRTB exposure.
• Strong knowledge of market risk management and financial products.

Responsibilities

• Establish FRTB covered position identification and reporting process.
• Collaborate to define target operating models and process controls.

Skills

FRTB Implementation

Market Risk Management

Data Analysis

SQL

Python

R

Communication Skills

Leadership

Education

Bachelor’s Degree - BS / Finance

Tools

Tableau

OBI

Job description

• Establish FRTB covered position identification, reporting & governance process; – 10%
• Analyze enterprise FRTB build & develop detailed business requirements for IHC FRTB calculation & reporting requirements; – 10%
• Work with IT to implement the requirements in timely manner & perform UAT testing; – 10%
• Assess current data model & UI functionalities and work with IT to enhance it further; – 10%
• Build benchmarking tools and assist with “Risk not in SA” process establishment; - 10%
• Assist with creating supporting documents, methodology documents, process flow diagrams, system lineage diagrams and other required documentation; - 20%
• Support the establishment of a regulatory governance framework by collaborating across various teams to define the target operating models, roles & responsibilities, and appropriate process controls; – 10%
• Assist in the preparation of presentations / materials and that will be used to present to committee meetings, FRB meetings; – 10%
• Coordinate with functions to establish new controls or update existing ones in support of improved process; – 5%
• Review supervisory guidance and industry news to identify FRB & other regulatory requirements, best practices, and trends; -5%
• Provide support for risk & control self-assessment, internal audit & regulatory exams, as needed

What do you need to succeed?

• Bachelor’s Degree - BS / Finance or quantitative preferred
• 8+ years of experience at an Investment Bank with exposure to FRTB Implementation, Capital Management, Regulatory Capital, Market Risk, and RWA
• Strong knowledge of market risk management (Basel / FRTB, VaR, Greeks etc.) is essential
• Understanding of financial products (Bonds, Equity, FX etc.) and their valuation
• Excellent written and oral communication responsibilities, ability to work with Executives and across different business-lines
• Strong data analysis skills are required including analyzing large data sets in Excel and using SQL queries
• Autonomous & highly motivated with ability to multi-task productively and work independently and collaboratively
• Ability to accept accountability, assume leadership and demonstrate initiative
• Ability to work in high pressure environments under tight deadlines
• Knowledge of Programming Language (Python, R) & Business Intelligence tools (Tableau, OBI)
• Knowledge of Market Risk Modelling

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
• Opportunities to do challenging work
• Opportunities to build close relationships with client’s

The good-faith expected salary range for the above position is $110,000 - $190,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.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 Job Skills Basel III, Capital Risk Management, Financial Instruments, Fundamental Review of Trading Book (FRTB), Group Problem Solving, Market Regulation, Market Risk, Market Risk Management, Market Risk Modeling, Performance Management (PM), Project Management, Python (Programming Language), Regulatory Capital, Regulatory Governance, Resource Coordination, Risk Analytics, Risk Management, R Script, Software Development Process, Tableau (Software), Trading Risk Management 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 : Employment Type :

Full time

Platform :

GROUP RISK MANAGEMENT

Job Type : Regular

Posted Date : 2024-04-01

Application Deadline :

I nclusion and Equal Opportunity Employment

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