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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.
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.
Develop expertise in designated asset classes.
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 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.
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 year 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
Value-at-Risk measurement
Back-testing
Scenario analysis
Sensitivity analysis
Profit/loss decomposition
Pricing fixed income securities
Repo/Reverse Repo
SQL programming
Tableau
Bloomberg
Intex
Polypath
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
4 years of work experience
4 years of experience
2 years of experience
1 year of experience

Education Level

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

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

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, and generates sustainable shareholder returns and above market shareholder value.
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.

Equal Opportunity

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.