Royal Bank of Canada

Associate Director, Enterprise Market Risk

Royal Bank of Canada • $110K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
5 - 7 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5+ years of experience in trading or trading risk management roles
  • Strong understanding of financial markets and trading businesses
  • Thorough knowledge of traded instruments, including derivatives
  • Experience with Value at Risk (VaR) and Stress Testing
  • Advanced skills in MS Excel and proficiency in SQL for data management
  • Familiarity with programming languages and data visualization tools like Python and Tableau/Power BI

Responsibilities

  • Provide accurate and timely market risk reporting and analysis
  • Design and develop reporting requirements for senior management
  • Analyze and communicate risk drivers and trends for key portfolios
  • Engage in risk modernization projects and template development
  • Deliver detailed risk analysis for senior management reports
  • Generate daily reports and communicate changes to stakeholders
  • Conduct testing and impact analysis for strategic initiatives or enhancements

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits
  • Supportive leaders focused on your development
  • Opportunity to make a meaningful impact
  • Collaborative, agile, and high-performing team environment
  • Interface with senior executives across the organization
Full Job Description
Job Description

What is the opportunity?

As Associate Director, you ensure that market risk exposures are provided to stakeholders in a timely and accurate manner, with commensurate analytical insight on the risks. You assist the Director by analyzing and confirming drivers of changes for various FVTPL and FVOCI portfolios, compiling daily/weekly reports, performing daily backtests, improving the existing reporting infrastructure and providing enhancements to senior management reports. You ensure that the requisite inputs for complete and accurate reporting will be available for reporting periods by working closely with the Regulatory Capital & Analysis team, the Quantitative Risk Analytics team and the various Local Market Risk teams.

What will you do?
  • Provide timely accurate and complete market risk reporting and analysis, owning the end-to-end processes that facilitate this reporting stream.
  • Design and develop new requirements for senior management reports, such as weekly Operating Committee report and FVOCI report.
  • Understand, analyze and communicate the drivers and trends of risks for RBC and key sub-portfolios, and provide context therein with respect to changes in the market risk profile of the portfolios.
  • Engage in Risk Modernization Project and develop/modify template for reporting for ATOM.
  • Provide detail risk analysis to senior management (such as quarterly risk reports, monthly/quarterly OSFI submission)
  • Maintain a thorough understanding of the methodologies used for Value at Risk (VaR), Stress VaR, Specific Risk (SR) and Stress Testing.
  • Generate trends and reports daily for senior management, and communicate key/material changes to all stakeholders.
  • Conduct testing and impact analysis for both strategic initiatives and ad-hoc projects/enhancements.


What do you need to succeed?

Must-have:
  • Minimum 5 years of experience in trading or trading risk management roles
  • Strong understanding of financial markets and trading businesses, both exchange traded and over the counter markets
  • Thorough knowledge of traded instruments including derivatives and their associated risks
  • Familiar with VaR and Stress Testing
  • Advanced MS Excel skills and proficiency in SQL for data querying and database management
  • Strong knowledge of programming languages and data visualization tools, preferably Python and Tableau/Power BI.


Nice-to-have:
  • Master's degree in finance, economics, or a quantitative discipline (e.g., mathematics, physics, engineering, computer science) with strong quantitative coursework
  • FRM, CFA or other related professional qualifications


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
  • Ability to make a difference and lasting impact
  • Work in an agile, collaborative, progressive, and high-performing team
  • The opportunity to interface with senior level executives from many different parts of the organization


Job Skills
Decision Making, Financial Instruments, Group Problem Solving, Market Risk, Performance Management (PM), Resource Coordination, Risk Management, Waterfall Model

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:

2026-08-18

Application Deadline:

2026-09-05
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

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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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
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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