Associate Director, Market & Counterparty Credit Risk

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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Associate Director, Market & Counterparty Credit Risk

Job Description

What will you do?

• Assist with the planning, execution, generation, review and analysis of periodic CCAR IMS results while coordinating across multiple teams to drive progress and provide transparency;
• Assist in the preparation of presentations/materials and that will be used to present to Committee meetings, Review & Challenge meetings, FRB meetings;
• Coordination with IT to develop and refine the process for IMS loss calculations and reporting;
• Assist with creating regulatory capital plan supporting documents, methodology documents, process flow diagrams, risk and control self-assessment, system lineage diagrams and other required documentation;
• Support risk identification, IMS scenarios design, model validation, and associated governance process;
• Support the establishment of a regulatory governance framework by collaborating across various teams to define the target operating models, roles & responsibilities and appropriate process controls;
• Perform gap assessment, issue identification, remediation plan creation and track improvements;
• Coordinate with functions to establish new controls or update existing ones in support of improved process;
• Review supervisory guidance and industry news to identify FRB & other regulatory requirements, best practices, and trends;
• Provide support for risk & control self-assessment, internal audit & regulatory exams, as needed;

What do you need to succeed?

• Bachelor's Degree - BS/ Finance or quantitative preferred;
• 5+ years' experience in financial industry, preferably in risk management. Prior market risk/counterparty credit risk experience is plus;
• Writing and analytical capabilities commensurate with independent production of management-ready documentation work products;
• Detail-oriented and able to facilitate development of firm-wide risk management framework;
• Strong abilities in Microsoft Office suite (Excel, PowerPoint, Word) and relational databases such as SQL;
• Strong data analytic skills, verbal and written communication skills;
• Autonomous & highly motivated with ability to multi-task productively and work independently and collaboratively;
• Ability to accept accountability, assume leadership and demonstrate initiative;
• Ability to work in high pressure environments under tight deadlines;
• Understanding of counterparty credit exposure, stress testing and underlying analytics;
• Knowledge of trading products and associated risk measures;
• Experience writing and editing capital plan supporting documentation or end-user documents;

What will help you thrive?

• Knowledge of Programming Language (Python, R) & Business Intelligence tools (Tableau, OBI);
• Knowledge of Market & Counterparty Risk Modelling.
• 2+ years of CCAR experience, especially Global Market Shock experience.

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 Summary

What is the Opportunity?

The Market & Counterparty Credit Risk (MCCR) group is responsible for defining and implementing an effective risk framework and governance structure for RBC & its subsidiaries and the combined U.S. operations of RBC. RBC is seeking a strong candidate to join its MCCR team, specifically for Comprehensive Capital Analysis and Review (CCAR) Market Shock and other regulatory compliance. In particular, the incumbent's core responsibilities is to contribute to the governance and successful execution of the CCAR Global Market Shock (GMS) / Internal Market Shock (IMS) components (Counterparty Default Loss, CVA, Trading MtM and IDR).

Address:

New York, New York, United States of America

City:

USA-NY-NEW YORK

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Group Risk Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-03-29

Application Deadline:

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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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 rbc.com/careers.