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The Market Risk London team is responsible for monitoring, analysing, and reporting on market risk exposure stemming from the European trading activity within RBC Capital Markets, RBC Investor Services and RBC Wealth Management in Europe. The Associate Director is responsible for accurate and timely risk reporting, ongoing monitoring and producing analysis of market risk taken by linear and non-linear Foreign Exchange trading desks (FX Spot, FX EM, FX Forwards & FX Options) while also overseeing the deal-contingent IR/FX derivatives portfolio. The individual will also be responsible for managing ad-hoc medium-term projects to tight deadlines and collaborating with other stakeholders, with support from Director, Market Risk where required. This role requires 4 days in the office.
Job Responsibility:
Monitor, analyse and report market risk exposures for the desk, including risk limits, material exposures and concentrations
Timely investigate and escalate key risks, exposure changes or risk limit breaches
Develop a strong understanding of the products and the associated risks, and drivers contributing to P&L and loss metrics (VaR and Stress)
Prepare risk analysis on emerging risks, limit extensions, annual limit reviews, product mandates or ad-hoc trading requests, provide constructive challenge to the Business
Follow market developments in relation to provide insights on emerging concerns or potential or realised impacts
Assess new business initiatives or requests, ensuring the risks are understood and highlighted appropriately
Collaborate with the Business, Quants, Technology, Enterprise Risk and other functions on new initiatives, projects or risk issues
Act as key contact for Market Risk on risk reporting, risk processes and risk management for the assigned desks
Drive medium and long-term projects and actively look for opportunities to improve the existing risk management and reporting infrastructure
Requirements:
Quantitative, Finance and/or Economics degree or similar/equivalent
Proven experience in a Trading Desk facing role
Significant attention to detail in a fast pace and high-pressure environment
Curiosity and high self-motivation with ability to work independently and collaboratively
Good team player with strong communication and interpersonal skills, interaction with other regions and teams is required
Strong verbal and written communication skills
Strong knowledge of Excel
Practical applications/use of Python and Bloomberg
The individual must always uphold the reputation of RBC and Group Risk Management
Nice to have:
Knowledge of G10 and Emerging Markets FX/IR markets
Good understanding of Greeks, VaR, Stress testing and scenario analysis
What we offer:
A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
Leaders who support your development through coaching and managing opportunities
Opportunities to work with the best in the field
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
A world-class training program in financial services