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

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    Full time
    Description

    Come Work with Us

    At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

    Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

    Job Title

    Associate Director, CUSO Market Risk

    Job Description

    Risk Oversight and Analytics

    • Run /oversee market risk reporting for the US Legal Entities and ensure the accuracy of key risk measurements and compliance to market risk limits.
    • Analyze key trading strategies and products to ensure they are in line with CUSO risk tolerance and objectives.
    • Investigate risks to provide value-added insight and analysis to senior management on risk trends and concerns.
    • Review risks so they are compliant with local regulators requirements and enterprise policies.

    Market Risk Regulatory Capital

    • Ensure the completeness and accuracy of the scope for US Market Risk Regulatory calculation, implementing effective controls to capture covered positions across businesses / entities within the RIHC.
    • Lead the VaR Backtesting, VaR Risk Factors Monitoring and other processes which support the Value at Risk (VaR) models framework used for RIHC regulatory capital calculation
    • Key person for implementation of FRTB for the RIHC, leading the implementation of US specific requirements and enhancements to RBC FRTB framework.

    Compliance

    • Establish and manage controls to satisfy regulatory requirements related to risk reporting for the CUSO legal entities.
    • Interact with US Holdco Finance to make sure market risk coverage is consistent with financial reporting.

    Job Summary

    The GRM Market Risk group provides independent and effective on-site monitoring, controlling and communicating on the nature and extent of all material market risk and to ensure the implementation of and compliance with risk management policies and procedures. The incumbent will help promote a "Best of Class" risk oversight environment for the Combined US Operations (CUSO) market risk management.

    Address:

    New York, New York, United States of America

    City:

    USA-NY-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:

    :00

    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.

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