Royal Bank of Canada
Job title:
Associate Director, GRA Risk Methodology
Company
Royal Bank of Canada
Job description
Job Summary The Associate Director is responsible for methodologies related to market risk, counterparty credit risk and new emerging risks. This includes model specification, implementation, performance monitoring, documenting and presenting of these methodologies.GRA (Global Risk Analytics) Risk Methodology team has primary responsibility for risk methodologies related to the measurement of market and counterparty credit risk for RBC trading business and selected investment portfolios. This includes leading the methodology specifications, prototype implementation, as well as performance monitoring and maintenance of these methodologies.Job DescriptionWhat is the opportunity?The Associate Director is responsible for methodologies related to market risk, counterparty credit risk and new emerging risks. This includes model specification, implementation, performance monitoring, documenting and presenting of these methodologies.GRA (Global Risk Analytics) Core Methodology team has primary responsibility for risk methodologies related to the measurement of market and counterparty credit risk for RBC trading business and selected investment portfolios. This includes leading the methodology specifications, prototype implementation, as well as performance monitoring and maintenance of these methodologies. The team is also responsible for market data and scenarios services to various risk systems.What will you do?Develop, implement, document, maintain and monitor methodologies for market risk and CCR across various asset classes (includes fixed income, interest rate derivatives, equity, and foreign exchange). This includes, but not limited to VaR / SVaR / Stress P&L calculations.Work with Local and Enterprise Market Risk teams, Risk IT and Enterprise IT to implement end-to-end solution for projects.Present methodology proposal and analytical impacts to senior management committee member for approval or sharing information.What do you need to succeed?Must-have2+ years of working experience in quantitative analytics, such as derivative pricing, market risk models or CCR modelsMaster’s in Financial, Engineering, Statistics/Mathematics/Physics or equivalent. PhD in Finance, Engineering, Applied Sciences or Economics is a plus.Strong programming experience in Python/C++/C# and SQL.Strong communication skills in oral and written formats.Team players to collaborate and innovate.Self-motivated with a high level of analytical capabilities and attention to detail.Eager to learn.Nice-to-haveExperience in a similar roleWhat’s in it for you?A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation.Leaders who support your development through coaching and managing opportunities.Ability to make a difference and lasting impact.Flexible work/life balance options.Work in a dynamic, collaborative, progressive, and high-performing team.Opportunities to do challenging work.Job Skills Client Counseling, Competitive Markets, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, Risk ManagementAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2024-11-22Application Deadline: 2024-11-30Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .
Expected salary
Location
Toronto, ON
Job date
Sun, 24 Nov 2024 05:40:35 GMT
To help us track our recruitment effort, please indicate in your email/cover letter where (un-jobs.net) you saw this job posting.