Associate Market Risk

As Manager, Local Market Risk, you help promote a “Best of Class” risk oversight environment and play an important role in the ongoing development and monitoring of the market risk framework for Commodities related trading book strategies. You ensure that material market risks are monitored, analyzed, and communicated to management through established reporting processes, management forums and through ad-hoc analysis. You will provide effective ‘second line of defense’ challenge to Front Office risk taking activities, which will require a deep and meaningful understanding of client/trading strategies and products deployed and pertinent risks emerging from cash and derivative market developments to assess implications for the risk profile of the trading books.

What is the opportunity?

As part of the Group Risk Management (GRM) team, the Associate, Market Risk will help promote a “Best of Class” risk oversight environment and play an important role in the ongoing development and monitoring of the market risk framework for Commodities related trading book strategies.

The ideal candidate will ensure that material market risks are monitored, analyzed, and communicated to management through established reporting processes, management forums and through ad-hoc analysis. You will provide effective ‘second line of defense’ challenge to Front Office risk taking activities, which will require a deep and meaningful understanding of client/trading strategies and products deployed and pertinent risks emerging from cash and derivative market developments to assess implications for the risk profile of the trading books.

What will you do?

• Responsible of Market risk reporting process and ensure accuracy of reports.
• Monitor trading activities and exposures to ensure they are within approved policies and limits.
• Provide risk oversight for RBC’s Commodities desk, acting as a key link between trading staff, management and Group Risk Management.
• Promote a greater focus on risk analysis, and provide effective, and constructive challenge to the Front Office where appropriate through active dialogue regarding business strategies, risk representation, and limit compliance.
• Stay abreast of market developments and portfolio risks to provide insightful analysis to senior management and business partners on risk trends and emerging concerns.
• Collaborate with Business, Technology, and other Functional partners on key systems and process initiatives to meet internal and regulatory requirements for the management of market risk and drive efficiency and effectiveness in our processes and decision making.

What do you need to succeed?

Must-have

• MBA, MA, MS in Finance, Economics or a Quantitative subject is preferred.
• 1+ years of experience working in a Market Risk / Credit Risk or Valuations based role including knowledge of market risk concepts (sensitivity analysis, VaR, stress testing etc.).
• Knowledge of derivative products (i.e. Futures, Options, Swaps).
• Strong written and oral communication skills with the ability to condense complex details into narratives suitable for communication with senior risk and business management.
• Sufficiency in Excel-VBA and some programming language preferably Python.
• Must be a strong collaborator and have a high level of curiosity.

Nice-to-have

• Knowledge of structured products.
• Familiar with regulatory/compliance requirements (FRTB, Volcker, etc.).
• Knowledge of commodity markets.

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.

• Opportunity to learn a variety of asset classes within RBC business units, and do challenging work.
• Potential to utilize transferable skills and grow within other related business areas.
• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation.
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact.
• Flexible work/life balance options.
• Work in a dynamic, collaborative, progressive, and high-performing team.

Job Skills

Adaptability, Commodity Markets, Critical Thinking, Derivatives, Financial Instruments, Market Analysis, Market Risk Analysis, Python (Programming Language), Risk Management, Risk Reporting

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTO TORONTO Canada 37.5 Full time GROUP RISK MANAGEMENT Regular Salaried 2023-11-23 2023-12-09