Associate Director, Market Risk - New York, United States - Royal Bank of Canada

Description

Job Summary

RBC is seeking a strong candidate to join its market risk team, specifically for the Fundamental Review of Trading Book (FRTB) portion of the Basel 3 Endgame and other regulatory compliance. In particular, the incumbent's core responsibility is to contribute to the design, governance and successful execution of the Market Risk portion of the Basel 3 Endgame project. This hire will play a pivotal role in shaping the firm's market risk capital framework, and ensuring regulatory capital requirements are soundly met across trading desks and business lines.

Job Description

What will you do?

• Establish FRTB covered position identification, reporting & governance process; – 10%
• Analyze enterprise FRTB build & develop detailed business requirements for IHC FRTB calculation & reporting requirements; – 10%
• Work with IT to implement the requirements in timely manner & perform UAT testing; – 10%
• Assess current data model & UI functionalities and work with IT to enhance it further; – 10%
• Build benchmarking tools and assist with "Risk not in SA" process establishment; - 10%
• Assist with creating supporting documents, methodology documents, process flow diagrams, system lineage diagrams and other required documentation; - 20%
• Support the establishment of a regulatory governance framework by collaborating across various teams to define the target operating models, roles & responsibilities, and appropriate process controls; – 10%
• Assist in the preparation of presentations/materials and that will be used to present to committee meetings, FRB meetings; – 10%
• Coordinate with functions to establish new controls or update existing ones in support of improved process; – 5%
• Review supervisory guidance and industry news to identify FRB & other regulatory requirements, best practices, and trends; -5%
• Provide support for risk & control self-assessment, internal audit & regulatory exams, as needed

What do you need to succeed?

• Bachelor's Degree - BS/ Finance or quantitative preferred
• 8+ years of experience at an Investment Bank with exposure to FRTB Implementation, Capital Management, Regulatory Capital, Market Risk, and RWA
• Strong knowledge of market risk management (Basel/FRTB, VaR, Greeks etc.) is essential
• Understanding of financial products (Bonds, Equity, FX etc.) and their valuation
• Excellent written and oral communication responsibilities, ability to work with Executives and across different business-lines
• Strong data analysis skills are required including analyzing large data sets in Excel and using SQL queries
• Autonomous & highly motivated with ability to multi-task productively and work independently and collaboratively
• Ability to accept accountability, assume leadership and demonstrate initiative
• Ability to work in high pressure environments under tight deadlines
• Knowledge of Programming Language (Python, R) & Business Intelligence tools (Tableau, OBI)
• Knowledge of Market Risk Modelling

What's 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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• 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
• Opportunities to build close relationships with client's

The good-faith expected salary range for the above position is $110,000 - $190,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

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

· Generates sustainable shareholder returns and above market shareholder value

Job Skills

Basel III, Capital Risk Management, Financial Instruments, Fundamental Review of Trading Book (FRTB), Group Problem Solving, Market Regulation, Market Risk, Market Risk Management, Market Risk Modeling, Performance Management (PM), Project Management, Python (Programming Language), Regulatory Capital, Regulatory Governance, Resource Coordination, Risk Analytics, Risk Management, R Script, Software Development Process, Tableau (Software), Trading Risk Management

Additional Job Details

Address:

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City:

New York

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Inclusion and Equal Opportunity Employment

At 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 Community

Stay 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