Market Risk Strategic Initiatives Lead

What is the Opportunity?

The Market & Counterparty Credit Risk (MCCR) group is responsible for defining and implementing an effective risk framework and governance structure for RBC & its subsidiaries and the combined U.S. operations of RBC. RBC is seeking a strong candidate to join its MCCR team, specifically for CCAR Global Market Shocks (CCAR-GMS) and other regulatory compliance. In particular, the incumbent's core responsibilities is to execute, analyze and challenge CCAR Global Market Shock (GMS) components of Trading MTM, IDR, CVA Losses and CDL.

What will you do?

• Review CCAR-GMS regulation, create detailed business requirements and perform reconciliations. - 25%

• Assist with the planning and execution of the CCAR-GMS / IMS components, coordinating with IT and other teams to drive develop the CCAR-GMS /IMS calculations and reporting. - 20%

• Assist with creating supporting documents, methodology documents, process flow diagrams, system lineage diagrams and other required documentation; - 15%

• 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%

• Perform gap assessment, issue identification, remediation plan creation and track improvements -5%

• 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 -5%

What do you need to succeed?

• Bachelor's degree in finance, Computer Science, and Engineering or a related field

• 4 years of experience in market or counterparty credit risk management

• 4 years of experience working with products such as derivatives, SFTs and securities

• 4 years of experience working with Comprehensive Capital Analysis and Review (CCAR) Market Risk and stress testing.

• Must have 4 years of experience working with IT & quantitative teams for automation and remediation

• Must have 4 years of experience using SQL, Oracle Business Intelligence, and Python to query, transform and visualize data from Data Lake and generate risk reports.

• Knowledge of trading products and associated risk measures

• Experience with Programming Language Python

• Understanding of credit and counterparty credit exposure and underlying analytics preferred

• Knowledge of Programming Language (Python, R) & Business Intelligence tools (Tableau, OBI) preferred

• Knowledge of Market & Counterparty Risk Modelling preferred

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.

• 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 clients.

The expected salary range for this particular position is $110,000-$190,000 (New York), depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

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

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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.