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You will be joining the Counterparty Credit Risk (CCR) team in London, within the Group Risk Management (GRM) function of the Royal Bank of Canada. You will be part of a dynamic team with presence in London, Toronto, New York, Singapore and Sydney. The CCR London team is responsible for monitoring, analysing, credit-sizing and reporting on counterparty credit risk exposures stemming from the European trading activity within RBC Capital Markets, RBC Europe Limited, RBC IS Trust, and RBC Wealth Management in Channel Islands. You will be providing independent oversight for counterparty credit risks arising from RBC Capital Markets and RBC Europe Limited. The role covers a wide range of products including - but not limited to – Securities Finance, Commodities, Derivatives (Interest Rates, FX, Equities, Credit), Inventory, Money Markets and Centrally Cleared products. This role requires 4 days in the office.
Job Responsibility:
Ensure trading credit limits are monitored and all excesses are investigated daily and reported in a timely manner
Provide timely support to Front Office stakeholders to facilitate trade requests which fall outside of authorised limits and/or Standing Orders, or to answer any other queries related to counterparty credit risk
Provide credit sizing and trade approvals in accordance with Standing Orders and CCR Delegated Authority
Ensure assigned reports are completed in a timely manner and in particular, that risk reporting is reviewed and well understood
Complete month-end / quarter-end reporting for local and global management committees, and prepare corresponding comments regarding exposure analysis, trends and market events
Review and escalate as required any material failed settlements upon notification from BCS
Assist with the completion of ad hoc or periodic information requests related to counterparty risk from Regulators, Senior Management in Front Office, GRM and Regulatory Reporting as required
Requirements:
Bachelor’s or Master’s Degree in a technical discipline (such as Finance, Economics, Math or other quantitative discipline) or similar, equivalent
Experience in a support function in Capital Markets (Risk Management, Audit, BCS...)
Understanding of Capital Markets trading products and related credit risk concepts (TTL, PFE, MTM, ETCs, Stress scenarios etc.)
Strong communication (verbal and written) and inter-personal skills
Strong analytical skills and attention to details
Highly self-motivated and ability to work autonomously
Desire to work in a fast-paced environment and build on existing capability of prioritising multiple requests /deliverables on short notice (multi-tasking essential)
Incumbent thrives in a team environment and working collaboratively with other stakeholders towards a common goal
Excellent problem-solving skills in a high pressured environment
Very proficient with Microsoft Excel, Power Point, Word
Working knowledge of Python, SQL, VBA or other programming languages
Be comfortable using a range of trading and credit software applications
Nice to have:
Experience in Credit Risk, Counterparty Credit Risk or Market Risk
CFA or FRM
Experience with Bloomberg
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