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About the Role

The Associate Director, Market Risk Capital (CCAR & FRTB) will lead the implementation and execution of Global Market Shock and Internal Market Shock stress testing processes under CCAR, and support the build-out of FRTB calculation and reporting capabilities for the US IHC. This role involves partnering with IT on system implementation, UAT testing, and data model enhancements, while establishing governance frameworks, covered position identification processes, and regulatory controls. The individual will develop supporting documentation, prepare materials for committee and FRB meetings, and monitor regulatory developments to support audits and examinations.

Responsibilities

Support the implementation and execution of the Global Market Shock (GMS) and Internal Market Shock stress testing processes under CCAR, including scenario application, results validation, and regulatory submissions – 25%
Analyze enterprise FRTB build requirements and partner with IT to implement IHC FRTB calculation and reporting capabilities, including performing UAT testing and validation – 20%
Establish and maintain FRTB covered position identification, reporting, and governance processes; support the development of the regulatory governance framework including target operating models, roles and responsibilities, and process controls – 15%
Assess and enhance the current data model and UI functionalities; build benchmarking tools and support the establishment of "Risk not in SA" processes – 10%
Create and maintain documentation including methodology documents, system lineage diagrams, process flows, and other materials required for regulatory compliance – 15%
Prepare presentations and materials for committee meetings and FRB engagements; coordinate across functions to establish or enhance controls – 10%
Review supervisory guidance and industry developments to identify regulatory requirements and best practices; provide support for risk and control self-assessments, internal audits, and regulatory examinations – 5%

Requirements

Bachelor's Degree in Finance, Engineering, or a quantitative field
4+ years of experience at an Investment Bank with exposure to CCAR stress testing, FRTB implementation, Capital Management, Regulatory Capital, or Market Risk
Strong knowledge of market risk management frameworks (Basel III/IV, FRTB, VaR, sensitivities/Greeks) and stress testing methodologies (GMS/IMS)
Understanding of financial products (rates, credit, equity, FX, commodities) and their valuation methodologies
Experience with CCAR submission processes and FRB supervisory expectations
Strong data analysis skills including experience with Python, SQL, and Excel for analyzing large datasets
Experience with Business Intelligence tools (Tableau, OBI) and familiarity with market risk platforms
Excellent written and oral communication skills with demonstrated ability to prepare materials for senior management and regulators
Ability to translate regulatory requirements into detailed technical specifications and governance frameworks
Autonomous, highly motivated, and able to work independently and collaboratively under tight deadlines

Skills

Decision Making
Financial Instruments
Group Problem Solving
Market Risk
Performance Management (PM)
Resource Coordination
Risk Management
Waterfall Model
Python
SQL
Excel
Tableau
OBI

Location

New York

Work Type

Full time
Salaried

Experience Level

Associate Director
5+ years of investment banking experience

Education Level

Bachelor's Degree

Salary/Compensations

$120,000-$200,000

Benefits

401(k) program with company-matching contributions
Health, dental, vision, life, disability insurance
Paid-time off

About the Company

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

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