Associate Director, Risk Modernization

What is the opportunity

The Market & Counterparty Credit Risk (MCCR) area within Group Risk Management provides independent and effective monitoring control and communication on the nature and extent of market and counterparty credit risks. The group also ensures the implementation of and compliance with relevant risk management policies and procedures.

The Strategic Delivery group within MCCR is responsible for the management of the infrastructure to enable MCCR to deliver on its mandate primarily the infrastructure used for the measurement reporting analysis monitoring and control of market and counterparty credit risks.

Associate Director Risk Modernization within this team serve as core leaders for specific sets of MCCR systems and applications in partnership with Enterprise GFT (Global Functions Technology) and Capital Markets QTS ( Quantitative and Technology Services).

The focus for this role is to provide insights and requirements for ATOM (Aggregation Tool of Market Risk) including aggregation calculation and reporting specifications for sensitivities and PnLs. The role will also support the analytics/reports setup for Risk Modernization project as well as sensitivity analysis across different valuation systems.

What will you do

• Triage and translate business requirements into well-defined product requirements including business outcomes user stories and acceptance criteria for ATOM
• Clarify risk requirements and concepts to IT teams (Risk IT and QTS)
• Perform UAT testing for ATOM functional changes
• Work with Local Market Risk to understand the current report and translate them into the requirements
• Sensitivity analysis across various valuation systems to ensure the risk output is reconciled against BAU reports and explain the differences
• Prioritize and maintain the priority backlog for risk modernization project understanding the benefits and materiality of outcomes and balancing the requirements of stakeholders.
• Raise prioritization and timeline concerns to Business Leads in a timely manner to ensure stakeholders concerns are proactively resolved.
• Strong partnership with IT partners (GFT and QTS) Program Deliveryteams (Risk and Capital Markets) within Risk Modernization Program

What do you need to succeed

Must-have

• Graduate degree in Quantitative or Technical discipline
• Minimum 5 years relevant industry experience
• Strong background in market risk including sensitivity analysis and VaR calculation
• Strong working experience in SQL and Python
• Excellent Stakeholder Management and Communication skills

Nice-to-have

• Previous market risk project experience engagement with IT stakeholders
• Proven experience with business systems analysis and program management
• Thorough understanding of Financial Institutions business process and risk management framework including regulatory environment

Whats in it for you

We thrive on the challenge to be our best progressive thinking 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.

• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic collaborative progressive and high-performing team
• Opportunities to do challenging work and make a difference
• Opportunities to building close relationships

Job Skills

Additional Job Details

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.