Associate - Market Risk Capital Controls

Job Description

What is the opportunity?As an Associate, you are an integral member of the Market Risk Capital Controls team, within Market and Counterparty Credit Risk (MCCR).The team develops, implements, and maintains various controls and processes related to FRTB Market Risk Capital and manage the boundary between the Trading and Banking Books, as it relates to the calculation of capital and internal risk management.

In this role, you will gain broad exposure to multiple business lines, trading strategies and financial instruments through the continued development of the controls and governance framework by liaising directly with key contacts and leaders across the bank. You act as a Risk representative, providing insight, guidance and control where applicable, and having direct and immediate impact to RBC.
What will you do?

Participate in all aspects of controls and processes related to the boundary between the Trading and Banking Book, which may include:

Prescriptive and presumptive treatment of trading book instruments.

Monitoring of Equity Investment in Funds (EIF) and Unlisted equities in Trading book.

Reassignment of instruments between the Trading and Banking Books.

Alignment of trades/positions between market risk capital calculations and financial reporting.

Assist with market risk capital impact estimates for reassignment of instruments across the Regulatory Book boundary, as required.

Assist team members in the resolution of issues that impact the boundary between Trading and Banking Books, as well as the trades/positions that inform the market risk capital calculation.

Assist in the preparation of various committee materials, follow up with FO trader(s), Business Manager(s) and other functions for details, as required.

Perform support and analysis, as needed, for ad hoc requests.

What do you need to succeed?
Must-have

2+ years of experience in a role supporting market and counterparty credit risk measurement and reporting.

General understanding of Regulatory requirements for market risk capital and reporting.

General understanding of derivative pricing, market risk methodologies, systems and processes.

Strong desire to execute change in an organization, marrying necessary changes in roles, responsibilities and processes to support market risk oversight, measurement and reporting.

General understanding of IT practices and ability to manage and prioritize development tasks.

Ability to effectively influence stakeholders, through negotiation and conflict resolution.

Bachelor’s degree (or higher) in business, finance, financial engineering/mathematic finance, with strong quantitative and analytical skills and attention to detail.

Nice-to-have

CFA, FRM or other related professional qualifications.

Proficient in Excel, Python or other programming languages preferred

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

Leaders who support your development through coaching and managing opportunities

Ability to make a difference and lasting impact

Work in an agile, collaborative, progressive, and high-performing team

The opportunity to interface with senior level executives from many different parts of the organization

Job Skills
Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Management
Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:

TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Final date to receive applications:

Note: Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date aboveI
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