Royal Bank of Canada

Associate Director - Counterparty Credit Risk

Royal Bank of Canada • $110K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Reposted Today
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Job Overview by Ladders

Qualifications

  • 3+ years in quantitative Risk Control at a financial institution
  • Master's degree in Finance, Economics, or a quantitative discipline
  • Strong analytical and problem-solving skills
  • Solid verbal and written communication skills
  • Proven organizational skills and ability to meet strict deadlines

Responsibilities

  • Conduct credit sizings and ad-hoc credit event analysis
  • Investigate risks and perform derivative credit sizings for senior management analysis
  • Analyze trading strategies to ensure alignment with risk tolerance
  • Review significant transactions to facilitate business while ensuring risk controls
  • Collaborate with GRM Credit team on credit risk appetite validation
  • Ensure data quality and accuracy in counterparty credit risk reporting processes
  • Develop and code tools to automate risk measurement and monitoring systems

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits
  • Supportive leaders focused on coaching and development
  • Dynamic, collaborative, and high-performing team environment
  • Opportunities for challenging work
  • Flexible work/life balance options
Full Job Description
Job Description

What is the opportunity?

As Associate Director (AD) in the Counterparty Credit Risk Analysis and Measurement team, you are responsible for a wide range of things from running derivative credit sizing to deep dives into the risk profile of specific counterparties of concern. You will support as required sizing and risk analysis for bespoke transactions, ad hoc requests, and non-standard trading.

As Associate Director, you are responsible for streamlining and automating the team's oversight processes. You will lead development, coding efforts, and coordinate required work to properly measure exposures for new and existing product categories.

What will you do?
  • Conduct credit sizings and ad-hoc credit event analysis
  • Pro-actively investigate risks, perform derivative credit sizings and counterparty deep dives to provide clear and comprehensive analysis to senior management on risk trends and concerns
  • Analyze key trading strategies and products to ensure they are in line with risk tolerance and objectives
  • Review significant transactions to help facilitate businesses while ensuring proper risk controls
  • Work with GRM Credit team to help review the credit risk appetite and help facilitate business activities while ensuring proper risk controls
  • Investigate issues in the counterparty credit risk capturing and reporting processes and ensure the accuracy of results (check data quality, accuracy and completeness; identify errors in risk reporting and identify systemic issues to Risk IT for solution and prioritization; ensure issue log to accurately describe any errors or issues with the exposures within the report distribution)
  • Develop and code tools to automate and standardize risk measures into official credit risk engines and credit risk monitoring systems
  • Assess New Business Initiatives from Counterparty Risk Perspective and participate in the Specific and general wrong-way-risk analysis
  • Liaise with GRM Enterprise Risk and Group Risk Analytics Teams to ensure risk models are calibrated are vetted appropriately


What do you need to succeed?

Must-have
  • 3+ years of experience at a financial institution in a quantitative Risk Control function such as market or credit risk, with an understanding of capital markets trading products and related credit risk concepts.
  • Master's degree in a relevant subject such as Finance, Economics, or other quantitative discipline.
  • Strong analytical and problem-solving skills.
  • Solid verbal and written communication skills.
  • Proven organizational skills, with the ability to meet strict deadlines.


Nice-to-have
  • FRM, PRMIA, or CFA
  • Good command and hands on experience with Excel, Python, VBA programming, SQL or equivalent programming languages
  • Hands-on experience developing and implementing agentic AI solutions and evaluating agent performance to solve business-critical problems


What's in it for you?

  • 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, progressive, and high-performing team
  • Opportunities to do challenging work
  • Flexible work/life balance options


Job Skills
Business Data Analysis, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Operational Delivery, 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:

Regular

Pay Type:

Salaried

Posted Date:

2026-06-15

Application Deadline:

2026-08-17
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
Finance & Insurance
5 Year Trend
+8.7%
NASDAQ
RY
* Ladders Estimates

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