Associate - Regulatory Initiatives, Market Risk

What is the opportunity

RBC is seeking a highly motivated individual to contribute to key initiatives in the Market Risk Regulatory Initiatives team. This role will focus on Volcker regulations and enhancement of reporting infrastructure. The ideal candidate will bring strong programming and analytical skills, keen attention to detail, and the ability to collaborate effectively with cross‑functional teams in a dynamic, fast‑paced environment. This role requires comfort working under pressure and presenting to senior management and trading desks.

• Conduct risk analysis to ensure adherence to Volcker Rule requirements.
• Build and maintain control reports to demonstrate ongoing risk monitoring.
• Identify, elevate, and resolve issues in a timely manner with appropriate documentation.
• Support regulatory reporting submissions and manage associated timelines and dependencies.
• Create clear and concise written communications and presentation materials for governance committee meetings, working groups, and senior management.
• Draft supporting documentation, including methodology documents, process flow diagrams, system lineage diagrams, and control test evidence.
• Liaise with trading desks, local market risk, front office supervision, product control, regulatory operations, and compliance to validate data accuracy and control effectiveness.
• Automate manual analysis tasks using Python, SQL, or other programming tools to improve efficiency and reduce errors.
• Review existing Volcker reports and underlying data infrastructure to identify process inefficiencies, optimization opportunities, and implement enhancements where feasible.
• Document process improvements and create user guides or runbooks for ongoing operations.
• Monitor report quality and SLAs; troubleshoot data issues and recommend remediation.

• Bachelor's degree in Finance, Economics, Mathematics, Data Science, Computer Science, or a related field.
• 1–2 years of experience at an Investment Bank with exposure to Market Risk.
• Knowledge of trading products (equities, fixed income, derivatives) and market structure.
• Proficiency in data analysis and reporting tools (e.g., Python, Excel, SQL, Tableau, or similar platforms).
• Strong analytical skills with ability to work with large datasets, identify trends, and troubleshoot data quality issues.
• Strong written and verbal communication skills, with ability to create clear documentation and executive‑ready presentations.
• Autonomous and highly motivated; able to multi‑task, manage priorities independently, and collaborate across teams.
• Attention to detail, and able to work effectively under pressure.
• Comfort translating complex regulatory and technical concepts into clear, actionable messages for diverse audiences.

• Basic understanding of Volcker Rule and FRTB framework.

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
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high‑performing team
• Opportunities to do challenging work
• Flexible work/life balance options

Analytical Thinking, Collaborating, Communication, Critical Thinking, Cross‑Functional Teamwork, Derivatives, Detail‑Oriented, Financial Instruments, Industry Knowledge, Market Risk, Microsoft Excel, Presentations, Problem Solving, Python (Programming Language), Risk Analysis, Risk Control, Risk Management, Risk Reporting, Structured Query Language (SQL), Tableau Server, Trade Products, Trading Desks, Volcker Rule

• 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…