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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose. Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.
What is the Opportunity?
The GRM Market Risk group provides independent and effective monitoring, control, and communications on the nature and extent of all material market risk and ensures the implementation and compliance with risk management policies and procedures.
This role will have dual responsibilities of assisting the FX and TMS Market Risk Management team in assisting daily risk reporting, monitoring and controlling of the Global FX and TMS businesses, carrying out adhoc analyses for senior risk management and on new trade deals, and interact with GRM Europe and APAC businesses and functions on FX and TMS related projects and issue.
What will you do?
Work with trading management to ensure all risks are accurately captured, represented, and checked against trading limits
Deliver Market Risk Reports of the businesses responsible with complete understanding of the content
Monitor and report adherence to market risk limits, standing orders, and product mandates
Limit excesses to be appropriately escalated to trading and GRM management
Ensure all trading portfolios are accurately captured in the trade booking system, market and trading credit risk reports and in the firm's Enterprise Risk platforms and risk is accurately reported
Track news and market reactions, evaluating P&L impact and alerting management to trends and Front Office actions to mitigate the risk
Work with the team lead in the implementation and testing of strategic risk reporting and risk consolidation initiatives and delivering the results in a time bound manner
What do you need to succeed?
Must have:
Quantitative and/or Economics degree - this role is all about understanding aggregation of market risks in turbulent financial markets and their impacts to the business
Highly self motivated
Pragmatic and delivery oriented attitude
Good team player with strong communication and interpersonal skills
Requires quick, accurate and crisp communication with the business and senior risk management to facilitate informed and quick decision making
Ability to work under pressure against tight deadlines
Nice to have:
MBA, MA or MS or equivalent with emphasis in finance, economics or a quantitative discipline
What is 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, 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
Flexible working options fully supported.
