Associate Director, Market Risk

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Associate Director, Market Risk

senior · Risk & Compliance

Job Description

What is the Opportunity?

The Group Risk Management (GRM) Market Risk group provides independent and effective monitoring, control, and communications on the nature and extent of all material market risk and ensures the implementation and compliance with risk management policies and procedures.

The new hire will join as a member of the GRM team that is responsible for the market risk oversight of RBC’s Leveraged Finance and Alternative Finance businesses in New York with primary responsibilities and other key aspects of the job defined in the following sections.

Coverage to include leveraged loan and high yield underwriting.

What will you do?

Risk Oversight and Analytics

• Help provide risk oversight for leveraged loans and HY corporates within Global Investment Banking’s Leveraged Finance businesses. 
• Aid in the management of the market risk reporting process and ensure the accuracy of key risk measurements.
• Develop the risk infrastructure and processes used managing risk on a day-to-day basis.
• Analyze key trading strategies and products to ensure they are in line with RBC’s risk tolerance and objectives.
• Review significant transactions to support the Business, and senior GRM approvals, ensuring proper risk controls.
• Collaborate with various regulatory and technology groups to help RBC meet its strategic infrastructure goals and comply with key regulatory requirements including FRTB, Volcker, and CCAR.
• Work with Trading and Investment Banking to ensure a close cohesion on key risk issues: systems, limits, risk management

Risk Management

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

Analytics

• Data analysis of large quantities of data, including ability to draw conclusions from the data.

What do you need to succeed?

Basic Qualifications

• Undergraduate or master’s degree in finance, economics, mathematics, or other quantitative discipline.
• 5+ years experience in risk management, trading, finance, or a related field.
• Knowledge of financial markets that demonstrates an interest in the subject matter.
• Must be self-motivated, highly curious and inquisitive, and capable of working with minimal direction.
• Very strong written and verbal communication skills.
• Ability to handle a significant and diverse workload, in a dynamic fast paced environment.

• Strong attention to detail and ability to prioritize projects and workload.

Other Required Qualifications:

• Previous experience in corporate credit, structured credit, or leveraged finance is a plus.

• Analytical approach to problem solving, and willing to challenge the status quo.
• Ideally, candidate has strong technical skills, including exposure to Python, VBA, SQL, or Tableau.

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 including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• 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 building close relationships with clients

The good-faith expected salary range for the above position is $110,000-$190,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

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

Additional Job Details

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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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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

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.