Senior Market Risk Lead Equity Derivatives

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

Benefits offered by this job

Total rewards

Career development

Impact and autonomy

Dynamic team environment

Challenging work

Client relationships

Job summary

RBC is seeking an Associate Director for Local Market Risk in New York to lead independent monitoring and reporting of equity derivatives risk. You will collaborate with trading, risk management and technology to implement risk policies and improve controls.

The role emphasizes oversight of designated desks, development of risk tools, and proactive risk management in a fast-paced environment. 40-hour weeks with strong compensation and career growth opportunities.

Qualifications

• MS/MA, MBA or BS/BA with emphasis in finance, economics or a quantitative discipline.
• 7+ years' experience in derivatives, market risk management, trading, or a related capital markets function.
• Strong technology experience with Python and familiarity with SQL.
• Ability to handle and prioritize a significant and diverse workload, with strong attention to detail.
• Ability to communicate clearly to key relationship contacts.
• Ability to work effectively in a demanding fast-paced environment.
• Independent and Curious: Demonstrates the ability to work autonomously with minimal supervision, coupled with a natural curiosity and eagerness to explore and solve complex problems.

Responsibilities

• Provide independent oversight for the Equity Derivatives trading businesses: structured equity products and flow.
• Manage the market risk reporting process and ensure the accuracy of key risk measurements.
• Analyse complex derivatives transactions, assess resulting market risk exposures and hedging strategies.
• Analyse key trading strategies and products to ensure they are in line with RBC's risk tolerance and objectives.
• Be the go-to person on designated desks including but not limited to: understanding key risks and P&L changes, soundness and completeness of risk processes, and proactive risk control framework development.
• Monitor changes in portfolio and market to extract value-added insight for senior management.
• Review significant transactions to help facilitate business and ensure proper risk controls.
• Develop, update, and enhance limit frameworks, stress testing and scenario analysis, risk reporting, dashboards, and analytical tools as derivatives risks evolve.
• Review new business initiatives, new products, structured transactions, trading strategy changes, and methodology enhancements to assess market risk, regulatory considerations, governance requirements, and control implications.
• Data analysis of large quantities of data, including ability to draw conclusions related to limits, approvals, and risk trends.
• Collaborate with trading teams to ensure cohesion on key risk issues: systems, limits, risk management.
• Collaborate and coordinate among different stakeholders to meet enterprise/business line project deliverables including capital requirements and risk modernization projects.
• Proactively leverage emerging AI tools and technologies to enhance workflows, drive process improvements, and deliver innovative solutions that create measurable value for risk teams and business partners.

Skills

Python

SQL

Analytical thinking

Communication skills

Prioritization

Autonomy

Education

MS/MA/MBA or BS/BA in finance/economics/quantitative discipline

Job description

RBC is seeking an Associate Director for Local Market Risk in New York to lead independent monitoring and reporting of equity derivatives risk. You will collaborate with trading, risk management and technology to implement risk policies and improve controls.

The role emphasizes oversight of designated desks, development of risk tools, and proactive risk management in a fast-paced environment. 40-hour weeks with strong compensation and career growth opportunities.