Associate Director, Counterparty Credit Risk

The Counterparty Credit Risk Exposure Monitoring Issuer Settlements & Pre-settlement (ISP) Risk Team is part of the larger Counterparty Credit Risk Exposure Monitoring (CCREM) within Group Risk Management (GRM). Under the guidance of the Director CCREM ISP the team has primary responsibility for monitoring evaluating and reporting credit & settlement risk exposures stemming from Capital Markets I&TS and Wealth Management activities. The team provides regular oversight and management of counterparty and issuer credit risk in relation to Pre-settlement Risk (cash securities & unsettled loans) Settlement Risk funding and liquidity management trading inventory Precious Metals Mortgage and AFS activity with a focus on North America but general oversight globally.

What is your opportunity

As Associate Director you will support the Director of CCREM ISP where you will provide second-line overnight of inventory settlement and pre-settlement exposures across the Canadian and global trading businesses through a broad range of trading products and counterparties with emphasis on robust exposure identification limit oversight and risk governance.

Your role is critical to the ongoing development and execution of our risk management framework. It will help shape and uphold the firms CCR risk standards and to maintain best-in-class risk standards and limit discipline.

You will bring deep technical knowledge strong analytical judgement and a proven track record of delivering high standards in a global banking environment. Offering the opportunity to shape risk policy support front-office business and contribute to strategic regulatory and infrastructure initiatives.

What will you do

• Lead and oversee the assessment monitoring and control of inventory risk settlement risk and pre-settlement risk across trading desks and legal entities.

• Pro-actively investigate risks to provide comprehensive analysis to senior management on risk trends and concerns. Lead in review and recommendation for approval of transactions to help facilitate business while ensuring proper risk controls. Investigate document and appropriately report/escalate credit limit excesses as per internal policies inclusive of Conduct Risk.

• Partner with Front Office Legal Operations Technology and other Risk functions to ensure effective risk controls and escalation mechanisms are in place.

• Drive continuous improvement through data-driven insights process automation and development of risk tools and dashboards enhancing our capability to investigate and appropriately report and escalate credit limit excesses and exposure concerns.

• Represent CCR in governance forums and regulatory engagements and contribute to global policy updates.

• Contribute to internal audit and regulatory/supervisory reviews through high-quality documentation and process transparency.

• Participate in new product assessments and strategic risk architecture enhancements.

What do you need to succeed

• 5 years of experience in Counterparty Credit Risk Credit Risk Management or related functions within a global investment or commercial bank.

• Deep understanding of traded products (e.g. derivatives repos securities lending cash trading) and associated CCR risks concepts exposure management and control frameworks.

• Excellent stakeholder management and communication skills with the ability to influence across business risk and control functions.

• Strong analytical and problem-solving skills; experience with exposure modelling limit frameworks and risk measurement tools preferred.

• Proven ability to lead and drive initiatives challenge constructively and deliver under pressure while maintaining the highest quality standards.

• Masters degree in finance economics quantitative discipline or related field; CFA/FRM or similar designation is an asset.

Nice-to-have

• Advanced skills with Excel Python VBA programming SQL or equivalent programming languages.

• Strong knowledge of regulatory frameworks (e.g. Basel OSFI guidelines)

Whats in it for you

We thrive on the challenge to be our best thinking progressively to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other reaching our potential making a difference to our communities and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact

• Work in an agile collaborative progressive and high-performing team

• The opportunity to interface with executives from many different parts of the organization

Job Skills

Additional Job Details

ROYAL BANK PLAZA 200 BAY ST:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At 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.