Counterparty Credit Risk Analyst (GRM)

rbc; New York (NY); On-site; USD 85,000 - 145,000; Full time

Job summary

Royal Bank of Canada is seeking an Analyst to join the GRM team in New York, focusing on risk oversight for Securities Finance Transaction and Structured Asset Collateral portfolios. You will work with CCR reporting, risk measurements, and collaboration with trading teams to ensure robust risk controls.

The role requires a quantitative background with coding ability and deep knowledge of VaR and stress testing.

Qualifications

• Bachelor's or master's degree in finance, science, economics, or related quantitative field.
• Strong coding skills; interest in securitized products and fixed income; quantitative mindset; strong communication.
• Deep understanding of VaR/Stress methodology calculation.

Responsibilities

• Provide risk oversight for CCR for SFT and SAC portfolios at consolidated and entity levels.
• Manage CCR reporting process and ensure accuracy of risk measurements.
• Develop and improve risk infrastructure.
• Analyze collateral/products to align with risk tolerance.
• Review significant transactions to support business growth and maintain risk controls.
• Collaborate with trading teams on risk issues, systems, limits and risk management.
• Ensure credit risk and collateral exposures for the SFT/SAC exposures are calculated, tracked against limits, reported, and escalated timely.
• Lead in enhancing risk systems (CREX and internal systems).
• Investigate risks to provide insights on risk trends to senior management.
• Examine trends in large datasets using advanced statistical/econometric techniques to derive conclusions about collateral and limits.

Skills

Coding skills

Quantitative skills

Communication skills

Interest in securitized products

Education

Bachelor's degree in finance/science/economics or related quantitative field

Master's degree in finance/science/economics or related field

Tools

CREX

Job description

What is the Opportunity?

The GRM counterparty and credit risk group provides independent and effective monitoring, control, and communications on the nature and extent of all material credit risk and ensures the implementation and compliance with risk management policies and procedures.

The Analyst will join the GRM team responsible for overseeing the Securities Finance Transaction (SFT) and the Structured Asset Collateral (SAC) portfolio in New York with primary responsibilities and other key aspects of the job defined in the following sections.

What will you do?

Risk Oversight and Analytics

• Help provide risk oversight for the Counterparty Credit Risk for Securities Finance Transaction (SFT) and the Structured Asset Collateral (SAC) portfolio at the consolidated and individual entity levels.
• Aid in the management of the CCR reporting process and ensure the accuracy of key risk measurements.
• Develop and improve risk infrastructure.
• Analyze key collateral and products to ensure alignment with RBC risk tolerance.
• Review significant transactions to support business growth and maintain robust risk controls.
• Collaborate with trading teams to ensure alignment on key risk issues, systems, limits and risk management.
• Ensure that all credit risk and collateral exposures for the Security Finance Businesses are correctly calculated, tracked against limits, reported, and escalated in a timely manner.

Risk Measurement

• Play a lead role in enhancing risk systems: CREX and other internal systems.
• Investigate risks to provide value-added insight and analysis to senior management on risk trends and concerns.

Analytics

• Examine trends in large datasets using advanced statistical and econometric techniques to draw conclusions related to collateral and limits.

What do you need to succeed?

• Bachelor's degree or master's degree in finance or science or economics, or a related quantitative field.
• Strong coding skills, interest in securitized products and fixed income products, quantitative skill set, curious mindset, self-motivated, and communication skills.
• Must have a deep understanding of VaR/Stress methodology calculation.

What's in it for you?

• Exposure to challenging work and opportunities to be showcased to leadership
• Develop fundamental knowledge of risk management, and risk governance
• Gain a broad understanding of how the bank operates, including the role of our business segments and functional units, and how the bank may be exposed to emerging trends within the industry
• Access to leaders who support your development through coaching and learning opportunities
• Work in a dynamic, collaborative, progressive and high performing team
• Ability to make a difference and lasting impact
• A comprehensive Total Rewards Program including base salary, bonus and benefits

Salary and Compensation

The good faith expected salary range for the above position is $85,000-$145,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. 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

About RBC

Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com.

Inclusion and Equal Opportunity Employment

RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related