Market Risk Governance & Controls — Associate Director

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

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