Associate Director, Market Risk Capital (CCAR & FRTB)

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

Benefits offered by this job

401(k) with company matching

Health, dental, vision, life, and long

Paid time off

Job summary

RBC is seeking an Associate Director to lead the Market Risk Capital program, focusing on CCAR and FRTB implementations for the US IHC. The role partners across IT for system builds, governance, and regulatory controls, requiring 5+ years in CCAR/FRTB with strong Python/SQL skills.

You will drive UAT, data-model improvements, and risk reporting, while preparing materials for FRB/committee engagements and maintaining governance frameworks.

Qualifications

• Bachelor’s degree in finance, engineering or quantitative field.
• 5+ years of experience in CCAR stress testing, FRTB, or Market Risk in an investment bank.
• Strong knowledge of Basel III/IV, FRTB, VaR and stress testing methods.
• Experience with CCAR submissions and FRB expectations.
• Strong data analysis skills using Python, SQL and Excel.

Responsibilities

• Support Global Market Shock and Internal Market Shock stress testing under CCAR, including scenario application and regulatory submissions.
• Analyze enterprise FRTB build requirements; implement IHC FRTB calculations and reporting with IT; perform UAT.
• Establish FRTB covered position identification, reporting, and governance; develop regulatory governance frameworks.
• Assess and enhance data model and UI; build benchmarking tools and risk-not-in-SA processes.
• Create and maintain methodology docs, system lineage diagrams, and regulatory materials.

Skills

Python

SQL

Communication

Data analysis

Education

Bachelor’s Degree in Finance, Engineering, or a quantitative field

Tools

Tableau

OBI

Excel

Job description

Job Description

What is the Opportunity?

The Associate Director, Market Risk Capital (CCAR & FRTB) will lead the implementation and execution of Global Market Shock and Internal Market Shock stress testing processes under CCAR, as well as support the build-out of FRTB calculation and reporting capabilities for the US IHC.

The role involves partnering with IT on system implementation, UAT testing, and data model enhancements, while establishing governance frameworks, covered position identification processes, and regulatory controls.

The individual will develop supporting documentation, prepare materials for committee and FRB meetings, and monitor regulatory developments to support audits and examinations. Candidates should have 5+ years of investment banking experience in CCAR stress testing, FRTB, or Market Risk, with strong technical skills in Python and SQL, and excellent communication abilities.

What will you do?

• Support the implementation and execution of the Global Market Shock (GMS) and Internal Market Shock stress testing processes under CCAR, including scenario application, results validation, and regulatory submissions – 25%
• Analyze enterprise FRTB build requirements and partner with IT to implement IHC FRTB calculation and reporting capabilities, including performing UAT testing and validation – 20%
• Establish and maintain FRTB covered position identification, reporting, and governance processes; support the development of the regulatory governance framework including target operating models, roles and responsibilities, and process controls – 15%
• Assess and enhance the current data model and UI functionalities; build benchmarking tools and support the establishment of “Risk not in SA” processes – 10%
• Create and maintain documentation including methodology documents, system lineage diagrams, process flows, and other materials required for regulatory compliance – 15%
• Prepare presentations and materials for committee meetings and FRB engagements; coordinate across functions to establish or enhance controls – 10%
• Review supervisory guidance and industry developments to identify regulatory requirements and best practices; provide support for risk and control self-assessments, internal audits, and regulatory examinations – 5%

What do you need to succeed?

• Bachelor’s Degree in Finance, Engineering, or a quantitative field
• 4+ years of experience at an Investment Bank with exposure to CCAR stress testing, FRTB implementation, Capital Management, Regulatory Capital, or Market Risk
• Strong knowledge of market risk management frameworks (Basel III/IV, FRTB, VaR, sensitivities/Greeks) and stress testing methodologies (GMS/IMS)
• Understanding of financial products (rates, credit, equity, FX, commodities) and their valuation methodologies
• Experience with CCAR submission processes and FRB supervisory expectations
• Strong data analysis skills including experience with Python, SQL, and Excel for analyzing large datasets
• Experience with Business Intelligence tools (Tableau, OBI) and familiarity with market risk platforms
• Excellent written and oral communication skills with demonstrated ability to prepare materials for senior management and regulators
• Ability to translate regulatory requirements into detailed technical specifications and governance frameworks
• Autonomous, highly motivated, and able to work independently and collaboratively under tight deadlines

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

#LI – POST

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

Posted Date:

2026-10-07

Application Deadline:

2026-10-24

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.