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The Risk Manager, Counterparty Credit Risk Exposure Monitoring will be part of the Securities Finance Transactions (SFT) team that has primary responsibility for the reporting, monitoring, analysis and control of counterparty credit risk related to RBC's securities finance activities globally.
The incumbent will monitor counterparty exposures against approved limits, identifying, investigating, and appropriately escalating excesses in a timely fashion. The Risk Manager is responsible for the development, generation, and analysis of periodic and ad hoc credit risk reporting to identify noteworthy trends/patterns/areas of risk. This individual will be responsible for coordination with other CCR teams and Risk IT to enhance counterparty and collateral credit risk reporting tools.
What will you do?
Review of significant transactions to help facilitate businesses while ensuring proper risk controls.
Work with trading and other key business contacts to communicate and investigate risk metrics
Provide required information and expertise related to SFT credit risk into regulatory capital and other external reporting processes
Accurate and timely generation of required information related to counterparty and collateral credit exposure for regulatory capital and other external reporting purposes
Ensure the accuracy and quality of reported credit exposures
Ensuring all team activities are consistent with internal policies and compliance requirements
Provide support to Director as necessary by contributing to resolving gaps in SFT credit risk processes by developing and recommending solutions and development of SFT credit policy in conjunction with other Risk teams and the business to ensure policies remains current, comprehensive and clearly understood by all stakeholders
Work globally with other teams on cross platform initiatives to ensure consistency in analytical approach across business platforms and geographies
What do you need to succeed?
MBA, MA, MS or equivalent with emphasis in finance, economics or a quantitative discipline is required
2+ years in a risk management role
Experience working in a credit or market risk function including: Value-at-Risk measurement and back-testing, Stress testing and scenario analysis and Sensitivity analysis and p/l decomposition
Knowledge of one or more elements of SFT products and markets including: Pricing and risk measurement methodologies, Market structure/dynamics, types participants, and drivers of activity and Key regulatory rules/requirements in one or more trading jurisdictions
Excellent command of Excel
FRM or CFA is an asset
VBA programming and SQL experience helpful
Familiarity with SFT trading documentation
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
Leaders who support your development through coaching and managing opportunities
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
Flexible work/life balance options
JOB SUMMARY City: Toronto Address: 200 Bay Street, North Tower Work Hours/Week: 37.5 Work Environment: Office Employment Type: Permanent Career Level: Experienced Hire/Professional Pay Type: Salary + Variable Bonus Position Level: PL08 Required Travel(%): 0-25 Exempt/Non-Exempt: N/A People Manager: No Application Deadline: 01/13/2020 Req ID: 202267