Associate Director - Local Market Risk

Supports senior management in the development, implementation, and communication of complex market and derivatives risk management policies and processes. Typically manages 2 or more specialized departments comprised of supervisors, managers, professionals, and/or large numbers of operational support employees.

What is the opportunity?

The Associate Director - Local Market Risk, Group Risk Management will help promote a "Best of Class" risk oversight environment. This includes the following core components:

• Definition of approved tradable instruments/products
• Aid in the construction and monitoring of market risks and limits
• Assist with monitoring compliance and policy requirements

What will you do?

• Coordinate between different stakeholders to facilitate projects related tasks. This will include larger scale projects like risk modernization, as well as on-demand ad-hoc requests from various functional groups.
• Generate market risk and report the accuracy risk figures with due dilligence
• Analyse key trading strategies and products to ensure they are in line with risk tolerance with the risk-reward
• Collaborate with trading teams to ensure cohesion on key risk issues: systems, limits, risk management
• Manage the development and enhancement of the risk infrastructure (e.g. product mandate, limit reviews, and new business initiative)
• Investigate risks to provide value-added insight to senior management on risk trends and concerns.
• Review significant transactions to help facilitate businesses while ensuring proper risk controls.
• Look for opportunity to improve and standardize processes within the LMR team.
• Monitor changes in portfolio and market to extract value-added insight for senior management.

What do you need to succeed?

Must-Haves:

• 3-7 years of experience required in a credit or market risk function including:
  • Value-at-Risk measurement and back-testing
  • Stress testing and scenario analysis
  • Sensitivity analysis and p/l decomposition
• MBA, MA, MS or equivalent with emphasis in finance, economics or a quantitative discipline
• Knowledge of Fixed Income markets and products including:
  • Interest rate derivatives
  • Interest rate trading strategies
  • Regulatory/compliance requirements
• Experienced in managing and coordinating projects

• Proficiency in Coding through Python, Tableau, Excel, VBA programming and SQL
• Excellent communication and interpersonal skills
• Strong investigative skills
• Strong problem solving skills

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.

• Opportunity to learn a variety of asset classes and be exposed to multiple trading businesses, including structured products
• Rewarding opportunity for accelerated career progression for high performers
• Ability to make a difference and lasting impact
• Strong leaders and peers who support your development through coaching and managing opportunities
• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Potential to utilize transferable skills and grow within other related business areas

Job Skills

Analytical Thinking, Communication, Decision Making, Derivatives, Financial Instruments, Group Problem Solving, Market Risk, Quantitative Analysis, Resource Coordination, Risk Management, RiskMetrics

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2025-02-032025-02-18

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above