Associate Director, Market Risk Governance and Controls

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

Job summary

RBC Capital Markets, LLC seeks an Associate Director to establish and maintain governance and control frameworks for Market Risk at the US IHC. You will develop risk policies, oversee designation processes, and ensure FRB-aligned controls across multiple risk types.

Key responsibilities include policy development, risk monitoring, and preparing materials for governance committees. Strong collaboration with Risk, Finance, and Front Office is essential, with a focus on regulatory compliance and

Qualifications

• 5+ years of experience at a bank or financial institution with exposure to Market Risk governance, regulatory capital, risk management frameworks, or a second‑line risk function.
• Strong understanding of US prudential regulatory frameworks and FRB supervisory expectations, including familiarity with Basel III/IV, market risk capital rules, and stress testing programs.
• Experience developing or maintaining risk governance documents such as policies, procedures, frameworks, and committee materials.
• Understanding of financial products (rates, credit, equities) and how they are captured in a market risk governance context.
• Demonstrated ability to design and implement process controls and compliance monitoring frameworks.
• Excellent written and oral communication skills with experience preparing materials for senior management, governance committees, and regulators.
• Strong organizational skills with the ability to manage multiple concurrent governance workstreams and regulatory deliverables.
• Autonomous, highly motivated, and able to work independently and collaboratively under tight deadlines.

Responsibilities

• Develop, maintain, and enhance Market Risk policies, procedures, and governance frameworks for the US IHC, including covered position identification, trading desk structure documentation, trading/hedging strategy documentation, and internal risk transfer frameworks - 25%
• Establish and operate the re‑designation framework with associated notification, exception‑handling, and FRB pre‑approval processes; build and maintain the net short credit/equity position monitoring framework - 20%
• Design and execute process controls across Market Risk functions, including risk and control self‑assessments (RCSAs), key risk indicators, and ongoing compliance monitoring to ensure adherence to regulatory requirements - 20%
• Prepare presentations, regulatory responses, and approval package materials for governance committees, senior management, and FRB engagements; coordinate across Risk, Finance, and Front Office functions - 15%
• Support the regulatory sensitivities pre‑approval analysis and submission process, including documentation of alternative sensitivity definitions versus regulatory prescribed sensitivities - 10%
• Review supervisory guidance and industry developments to identify evolving regulatory requirements and best practices; provide support for internal audits and regulatory examinations - 10%

Skills

Regulatory frameworks

Governance documentation

Financial products understanding

Process controls

Communication skills

Organizational skills

Independent work

Education

Bachelor's Degree in Finance, Business, Economics, or a related field

Job description

Job Description

What is the Opportunity?

The Associate Director, Market Risk Governance & Controls will establish and maintain the governance, policy, and control framework for Market Risk at the US IHC. The role encompasses developing and maintaining risk policies and procedures, managing the covered position identification and re-designation processes, building out the net short credit/equity position framework, and ensuring the control environment meets FRB supervisory expectations. The individual will prepare materials for governance committees and FRB engagements, coordinate regulatory approval packages, and support internal audit and examination processes. This is a broad Market Risk governance role well‑suited to a candidate with experience across multiple risk types and regulatory frameworks, not limited to FRTB.

What will you do?

• Develop, maintain, and enhance Market Risk policies, procedures, and governance frameworks for the US IHC, including covered position identification, trading desk structure documentation, trading/hedging strategy documentation, and internal risk transfer frameworks - 25%
• Establish and operate the re‑designation framework with associated notification, exception‑handling, and FRB pre‑approval processes; build and maintain the net short credit/equity position monitoring framework - 20%
• Design and execute process controls across Market Risk functions, including risk and control self‑assessments (RCSAs), key risk indicators, and ongoing compliance monitoring to ensure adherence to regulatory requirements - 20%
• Prepare presentations, regulatory responses, and approval package materials for governance committees, senior management, and FRB engagements; coordinate across Risk, Finance, and Front Office functions - 15%
• Support the regulatory sensitivities pre‑approval analysis and submission process, including documentation of alternative sensitivity definitions versus regulatory prescribed sensitivities - 10%
• Review supervisory guidance and industry developments to identify evolving regulatory requirements and best practices; provide support for internal audits and regulatory examinations - 10%

What do you need to succeed?

• Bachelor's Degree in Finance, Business, Economics, or a related field
• 5+ years of experience at a bank or financial institution with exposure to Market Risk governance, regulatory capital, risk management frameworks, or a second‑line risk function
• Strong understanding of US prudential regulatory frameworks and FRB supervisory expectations, including familiarity with Basel III/IV, market risk capital rules, and stress testing programs
• Experience developing or maintaining risk governance documents such as policies, procedures, frameworks, and committee materials
• Understanding of financial products (rates, credit, equities) and how they are captured in a market risk governance context
• Demonstrated ability to design and implement process controls and compliance monitoring frameworks
• Excellent written and oral communication skills with experience preparing materials for senior management, governance committees, and regulators
• Strong organizational skills with the ability to manage multiple concurrent governance workstreams and regulatory deliverables
• 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

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: 2026-09-17
• Application Deadline: 2026-10-03
• Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

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.