Risk Manager, GRM Counterparty Credit Risk

Job Description

What is the opportunity?

You will be joining the Counter party Credit Risk (CCR) team in London, within the Group Risk Management (GRM) function of the Royal Bank of Canada.

You will be part of a dynamic team with presence in London, Toronto, New York, Singapore and Sydney.

The CCR London team is responsible for monitoring, analysing, credit-sizing and reporting on counter party credit risk exposures stemming from the European trading activity within RBC Capital Markets, RBC Europe Limited, RBC IS Trust, and RBC Wealth Management in Channel Islands.

You will be providing independent oversight for counter party credit risks arising from RBC Capital Markets and RBC Europe Limited.

The role covers a wide range of products including Securities Finance, Commodities, Derivatives (Interest Rates, FX, Equities, Credit), Inventory, Money Markets and Centrally Cleared products.

This role requires 4 days in the office.

• Ensure trading credit limits are monitored and all excesses are investigated daily and reported in a timely manner. This includes the closure and follow-up of all excesses for London based Securities Finance (Central Funding Group) and Commodities Financing businesses as well as for activity in RBC Europe Limited. For excesses that were not pre‑approved, investigate and document limit breach, and present corresponding details and recommendation at MCCR Conduct Committee as required.
• Provide timely support to Front Office stakeholders to facilitate trade requests which fall outside of authorised limits and/or Standing Orders, or to answer any other queries related to counter party credit risk.
• Provide credit sizing and trade approvals in accordance with Standing Orders and CCR Delegated Authority. For specific requests outside of these authorities, prepare detailed recommendations and elevate requests to Manager, Senior CCR Management and / or Wholesale Credit Risk (WCR) as required.
• Ensure assigned reports are completed in a timely manner and in particular, that risk reporting is reviewed and well understood. All reports must be assessed for data quality, accuracy, and completeness.
• Complete month‑end / quarter‑end reporting for local and global management committees, and prepare corresponding comments regarding exposure analysis, trends and market events. Present key highlights and concerns at local and global CCR Management forums.
• Review and elevate as required any material failed settlements upon notification from BCS.
• Assist with the completion of ad hoc or periodic information requests related to counter party risk from Regulators, Senior Management in Front Office, GRM and Regulatory Reporting as required.

• Bachelor’s or Master’s Degree in a technical discipline (such as Finance, Economics, Math or other quantitative discipline) or equivalent.
• Experience in a support function in Capital Markets (Risk Management, Audit, BCS...).
• Understanding of Capital Markets trading products and related credit risk concepts (TTL, PFE, MTM, ETCs, Stress scenarios etc.).
• Strong communication (verbal and written) and inter‑personal skills.
• Strong analytical skills and attention to details.
• Highly self‑motivated and ability to work autonomously.
• Desire to work in a fast‑paced environment and build on existing capability of prioritising multiple requests /deliverables on short notice (multi‑tasking essential).
• Incumbent thrives in a team environment and working collaboratively with other stakeholders towards a common goal.
• Excellent problem‑solving skills in a high pressured environment.
• Very proficient with Microsoft Excel, Power Point, Word.
• Working knowledge of Python, SQL, VBA or other programming languages.
• Be comfortable using a range of trading and credit software applications.

• Experience in Credit Risk, Counter party Credit Risk or Market Risk.
• CFA or FRM.
• Experience with Bloomberg.

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…