Associate Director - Market Risk

What is the Opportunity?

The Group Risk Management (GRM) Market Risk group provides independent and effective monitoring, control, and communications on the nature and extent of all material market risk and ensures the implementation and compliance with risk management policies and procedures. The new hire will join as a member of the GRM team that is responsible for the market risk oversight of RBC's Leveraged Finance and Alternative Finance businesses in New York with primary responsibilities and other key aspects of the job defined in the following sections. Coverage to include leveraged loan and high yield underwriting.

Responsibilities

Risk Oversight and Analytics

• Help provide risk oversight for leveraged loans and HY corporates within Global Investment Banking's Leveraged Finance businesses.
• Aid in the management of the market risk reporting process and ensure the accuracy of key risk measurements.
• Develop the risk infrastructure and processes used managing risk on a day-to-day basis.
• Analyze key trading strategies and products to ensure they are in line with RBC's risk tolerance and objectives.
• Review significant transactions to support the Business, and senior GRM approvals, ensuring proper risk controls.
• Collaborate with various regulatory and technology groups to help RBC meet its strategic infrastructure goals and comply with key regulatory requirements including FRTB, Volcker, and CCAR.
• Work with Trading and Investment Banking to ensure a close cohesion on key risk issues: systems, limits, risk management

Risk Management

• Investigate risks to provide value-added insight and analysis to senior management on risk trends and concerns.
• Play a lead role in enhancing GRM on desk risk systems

Analytics

• Data analysis of large quantities of data, including ability to draw conclusions from the data.

Qualifications

Basic Qualifications

• Undergraduate or master's degree in finance, economics, mathematics, or other quantitative discipline.
• 5+ years experience in risk management, trading, finance, or a related field.
• Knowledge of financial markets that demonstrates an interest in the subject matter.
• Must be self-motivated, highly curious and inquisitive, and capable of working with minimal direction.
• Very strong written and verbal communication skills.
• Ability to handle a significant and diverse workload, in a dynamic fast paced environment.

• Strong attention to detail and ability to prioritize projects and workload.

Other Required Qualifications

• Previous experience in corporate credit, structured credit, or leveraged finance is a plus.
• Analytical approach to problem solving, and willing to challenge the status quo.
• Ideally, candidate has strong technical skills, including exposure to Python, VBA, SQL, or Tableau.

Benefits

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.

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.

• 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 build close relationships with clients

Job Details

Address: BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESSEY STREET, NEW YORK

City: 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:

Application Deadline: