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About the Role

The Associate Director in the Global Risk Management Group will oversee risk reporting, ensure alignment with risk tolerance, and manage credit risk and collateral exposures for the Global Central Funding Group. This role involves reviewing trading strategies, monitoring portfolio changes, providing oversight for counterparty credit risk, and enhancing risk management platforms through data analysis and coding.

Responsibilities

Prepare and oversee risk reporting to identify and evaluate major business risks.
Ensure accurate calculation, tracking, and reporting of credit risk and collateral exposures.
Review trading strategies and products to maintain compliance with risk standards.
Monitor portfolio changes daily and communicate abnormal risks to senior management.
Provide oversight for counterparty credit risk related to structured asset collateral.
Design and present risk assessments of high-risk portfolios to senior management.
Analyze trends in risk and exposure within the structured asset collateral portfolio.
Facilitate management approval for outside limits requests.
Enhance the Global Risk Management-Counterparty Credit Risk platform through coding and data visualization.
Coach and guide junior team members in daily activities and project management.

Requirements

Bachelor’s degree in Financial Engineering, Science, Mathematics, Statistics or a related field.
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.
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 and Repo/Reverse Repo, including risk factor assessment.
2 years of experience in SQL programming, Tableau, Bloomberg, Intex, and Polypath.
1 year of experience in pricing and market analysis of CMBS, ABS, RMBS, CLO, Whole-Loan, Agency Whole-Loan, and fixed income securities.
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
Python
SQL
Tableau
Bloomberg
Intex
Polypath

Location

New York, NY

Work Type

Full time
Hybrid (Telecommuting permitted up to 1 day per week)

Experience Level

4 years of experience in a credit, market, or counterparty credit risk role

Education Level

Bachelor’s degree in Financial Engineering, Science, Mathematics, Statistics or a related field

Salary/Compensations

$188,178.00 per year

Benefits

Discretionary bonus
401(k) program with company-matching contributions
Health insurance
Dental insurance
Vision insurance
Life insurance
Disability insurance
Paid time-off plan

About the Company

Royal Bank of Canada (RBC) is one of the largest and most successful banks in the world.
Guided by values of Client First, Integrity, Collaboration, Respect, and Excellence.
Committed to an inclusive workplace that values diverse perspectives.

Equal Opportunity

RBC strives to deliver policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.