Associate Director - Market Risk

Job Description

What is the opportunity?

The Market & Counterparty Credit Risk (MCCR) group is responsible for defining and implementing an effective risk framework and governance structure for RBC & its subsidiaries and the combined U.S. operations of RBC. RBC is seeking a strong candidate to join its MCCR team, specifically for Comprehensive Capital Analysis and Review (CCAR) Market Shock and other regulatory compliance. In particular, the incumbent’s core responsibilities are to contribute to the governance and successful execution of the CCAR Global Market Shock (GMS) / Internal Market Shock (IMS) components (Counterparty Default Loss, CVA, Trading MtM and IDR).

What will you do?

• Execute the build-out of GMS stress testing capabilities for the US IHC, including scenario application, loss calculation, and results production, with deep involvement in the underlying technical implementation

• Design, develop, and maintain data feeds and data pipelines supporting the GMS stress testing process, including sourcing, transformation, validation, and reconciliation of inputs across asset classes

• Identify and implement infrastructure enhancements to the GMS calculation environment, including tooling improvements, process automation, and UI development to reduce manual intervention and increase scalability

• Partner with IT to define technical requirements, perform UAT, and validate system changes; troubleshoot data quality issues and drive resolution across upstream and downstream systems

• Support the development and maintenance of governance documentation, including methodology papers, system lineage diagrams, and process flows required for regulatory compliance and audit readiness

• Contribute to the preparation of materials for FRB engagements, senior management, and internal risk committees; support regulatory examinations and internal audits as required

What do you need to succeed?

Must-have

• Bachelor's degree in Finance, Engineering, Computer Science, or a quantitative field; advanced degree preferred

• 5–7 years of experience at an investment bank in CCAR stress testing, Market Risk Capital, or a quantitative/technology function with direct exposure to regulatory capital processes

• Strong working knowledge of GMS and IMS stress testing methodologies, including scenario construction, position identification, and loss aggregation

• Advanced proficiency in Python and SQL, with demonstrated experience building and maintaining data pipelines, automation tools, and analytical frameworks in a production environment

• Hands-on experience with data feed onboarding and data infrastructure development, including sourcing and transforming risk and position data across multiple asset classes

• Familiarity with market risk platforms and BI tools (Tableau, OBI); experience working within complex, multi-system technology environments

• Understanding of financial products across rates, credit, equity, and their representation in risk and stress testing systems

• Strong analytical and problem-solving skills, with a rigorous approach to data quality, results validation, and process controls

• Clear written and verbal communication skills, with the ability to document technical processes and present findings to senior stakeholders

• Autonomous and detail-oriented; comfortable operating in a fast-paced build environment with evolving requirements and regulatory 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

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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.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.