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About the Role

Prepare and oversee risk reporting to identify and evaluate major business risks, ensuring alignment with RBC risk tolerance and objectives. Ensure accurate calculation, tracking, and reporting of credit risk and collateral exposures for the Global Central Funding Group (CFG) Security Finance businesses. Continuously review trading strategies and products to maintain compliance with risk standards. Monitor portfolio changes daily and communicate any abnormal risks or new strategies to senior management. Provide oversight for counterparty credit risk related to structured asset collateral and develop expertise in designated asset classes. Design and present risk assessments of high-risk portfolios to senior management as needed. Analyze trends in risk and exposure within the structured asset collateral portfolio and facilitate management approval for outside limits requests. Enhance the Global Risk Management-Counterparty Credit Risk platform through coding and data visualization improvements. Coach and guide junior team members in their daily activities and project management.

Responsibilities

Prepare and oversee risk reporting to identify and evaluate major business risks, ensuring alignment with RBC risk tolerance and objectives.
Ensure accurate calculation, tracking, and reporting of credit risk and collateral exposures for the Global Central Funding Group (CFG) Security Finance businesses.
Continuously review trading strategies and products to maintain compliance with risk standards.
Monitor portfolio changes daily and communicate any abnormal risks or new strategies to senior management.
Provide oversight for counterparty credit risk related to structured asset collateral and develop expertise in designated asset classes.
Design and present risk assessments of high-risk portfolios to senior management as needed.
Analyze trends in risk and exposure within the structured asset collateral portfolio and facilitate management approval for outside limits requests.
Enhance the Global Risk Management-Counterparty Credit Risk platform through coding and data visualization improvements.
Coach and guide junior team members in their daily activities and project management.

Requirements

Bachelor’s degree in Financial Engineering, Science, Mathematics, Statistics or a related field and 4 years of work experience in a credit, market, or counterparty credit risk role.
4 years of experience in Value at Risk (VaR) and stress testing methodologies, using macroeconomic and specific factors affecting asset prices.
4 years of experience in Python programming for financial modeling and data analysis.
4 years of experience in Credit or market Limit calibration.
4 years of experience in Value-at-Risk measurement and back-testing.
4 years of experience in Stress testing and scenario analysis.
4 years of experience in Sensitivity analysis and profit/loss decomposition.
2 years of experience in Pricing fixed income securities, Repo/Reverse Repo, assessing their risk factors, including VaR and stress testing.
2 years of experience in SQL programming, Tableau, Bloomberg, Intex, and Polypath for data analysis and visualization.
1 years of experience in Pricing and market analysis of Commercial Mortgage-Backed Security (CMBS), Asset-Backed Security (ABS), Residential Mortgage-Back Security (RMBS), Collateralized Loan Obligation (CLO), Whole-Loan, Agency Whole-Loan, and fixed income securities, including equities and their risk factors.
International travel required up to 5%.
Domestic travel required up to 5%.

Skills

Business Data Analysis
Credit Analysis
Critical Thinking
Database Queries
Data Visualization
Decision Making
Long Term Planning
Operational Delivery
Quantitative Methods
Risk Management
Value at Risk (VaR)
Stress testing
Python programming
Credit or market Limit calibration
SQL programming
Tableau
Bloomberg
Intex
Polypath
Pricing fixed income securities
Repo/Reverse Repo
Commercial Mortgage-Backed Security (CMBS)
Asset-Backed Security (ABS)
Residential Mortgage-Back Security (RMBS)
Collateralized Loan Obligation (CLO)
Whole-Loan
Agency Whole-Loan
fixed income securities
equities

Location

New York, NY

Work Type

Full time
Telecommuting permitted up to 1 day per week

Experience Level

Associate Director

Education Level

Bachelor’s degree

Salary/Compensations

$188,178.00 per year

Benefits

401(k) program with company-matching contributions
health, dental, vision, life and disability insurance
paid time-off plan

About the Company

Royal Bank of Canada (RBC) is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance.
Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper.
As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities.

Equal Opportunity

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC.
We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world.
Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities.
RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.