Associate Director - Market Risk Manager

Job Description

What is the Opportunity?

GRM-Market Risk is to provide independent and effective on-site monitoring, controlling and communicating on the nature and extent of all material market risk positions within Capital Markets LLC and to ensure the implementation of and compliance with risk management policies.

• Monitoring of business activities and exposures within RBC Capital Markets LLC (CMLLC) to ensure they are within approved policies and limits
• Support CMLLC CRO risk oversight responsibilities
• Prepare quarterly CMLLC Board Meeting Materials
• Prepare quarterly CFTC Risk Exposure Report
• Work closely with market and enterprise risk colleagues located in New York and Toronto especially as it pertains to the areas of coverage to provide accurate reporting
• Aid in the management of the market risk reporting process and ensure the accuracy of key risk measurements
• Develop the risk infrastructure where needed and/or work closely with project managers towards the improvement of risk data capture processes and systems
• Analyze key trading strategies and products to ensure they are in line with CMLLC's risk tolerance
• Review significant transactions to help facilitating business and ensure proper risk controls
• Work with risk managers to ensure a close cohesion on key risk issues: systems, limits, risk management
• Provide back up support for the other CUSO market risk reporting and oversight responsibilities
• Work with internal audit during regularly scheduled reviews and to remediate issues
• Quantitative analytical support to the Risk group, review business transactions and new initiatives as they pertain to CMLLC
• Analysis of the various businesses and portfolios within CMLLC and communicate the drivers of profit/loss to senior management

• Bachelor's degree with strong analytical and quantitative skills or Masters with emphasis in quantitative discipline
• 2-5 years work experience in risk management, finance or regulatory capacity
• Strong written and oral communication skills
• Strong software development skills for computational needs is a plus
• Strong understanding of Fixed Income products and the principles of derivatives market risk, especially as it pertains to fixed income options

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 $110,000-$190,000 (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

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Job Skills

Analytical Thinking, Communication, Decision Making, Financial Instruments, Group Problem Solving, Market Risk, Market Risk Management, Resource Coordination, Risk Management

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