Job Summary
Participates in the implementation of credit risk management systems and processes to support efforts to minimize credit risk. Applies complete knowledge, skills, and practices to perform assignments.
Job Description
What is the opportunity?
In this role, you will support RBC’s Risk Management infrastructure by managing key limit and agreement data in various trading and risk monitoring systems. This will involve a range of complexity from low-touch automated data to exceedingly complex client and agreement structures for which you will engage multiple groups to investigations and propose mapping solutions.
Timely and accurate mapping of client credit data contributes to successful measurement of credit risk exposures and capital requirements within the Counterparty Credit Risk team, as well as and pre-trading pricing, compliance and availability checks performed by the front office traders.
What will you do?
• Conduct timely and thorough investigations around complex client reference data – primarily in relation to OTC derivative clients and their associated credit hierarchies, limit structures, and collateral and netting agreement terms.
• Engage various functions within CCR and across Capital Markets to provide subject matter expertise in support of new or evolving processes or client structures.
• Work with a team of risk managers to carrying out accurate, timely, and efficient management of critical credit limit and trading agreement data to support all trading activities on the RBC Capital Markets and RBC IS platforms. Significant data sets include:
• 130,000+ counterparty and issuer credit limits in RBC trading limit systems
• Key collateral and margin agreement information related to over 15,000 derivative agreements in the collateral system
• Credit and Settlement netting records for all OTC derivative, FX, and Continuously Linked Settlements agreements.
• Conducting efficient analysis of large data sets for ad hoc reporting to management and stakeholders.
• Identifying and escalating system infrastructure issues to appropriate support teams and management as needed and identifying opportunities to improve process efficiencies either through development or the use of other technical tools.
What do you need to succeed?
Must-have
• Undergraduate degree, preferably in Finance or Business
• 2-6 years’ experience in a trading environment control function
• Experience in database/data management and analysis
• Strong PC skills, particularly Microsoft office,
• Exceptional writing, communication and interpersonal skills
• Ability to work in fast paced environment with frequent distractions and changing priorities
• High standards for accuracy and efficiency.
Nice-to-have
• Understanding of credit processes, including limit adjudication and credit mitigation strategies (i.e. collateral, guarantees, etc.)
• Experience working with SQL, VBA and Python
What’s in it for you?
This is an exciting opportunity to immerse yourself in the world of Risk Management. This role will allow you to get involved in the risk management process for all trading products, including OTC derivatives, Futures Clearing, Repo and Securities Lending etc. You will also have regular engagement with a variety of functions outside of the Counterparty Credit Risk space, including Trading Documentation Group, Legal, GRM Wholesale Credit Risk, ICCM, IT, and various front office trading desks.
• 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, and high-performing team
• Opportunities to do challenging work
Job Skills
Business Data Analysis, Communication, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Quantitative Methods, Risk Management
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
City:
TORONTO
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Contract (Fixed Term)
Pay Type:
Salaried
Posted Date:
2024-01-15
Application Deadline:
2024-01-31
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com
