Royal Bank of Canada

Associate Director in Global Risk Management Group, Royal Bank of Canada (US), New York, NY

Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Financial Engineering, Science, Mathematics, Statistics, or related field.
  • 4 years of experience in credit, market, or counterparty credit risk roles.
  • Expertise in Value at Risk (VaR) and stress testing methodologies.
  • Proficient in Python for financial modeling and data analysis.
  • Skilled in SQL, Tableau, Bloomberg, Intex, and Polypath for data analysis and visualization.

Responsibilities

  • Prepare and oversee risk reporting to identify and evaluate business risks.
  • Ensure accurate credit risk and collateral exposure calculations for the CFG Security Finance businesses.
  • Review trading strategies and products for compliance with risk standards.
  • Monitor daily portfolio changes and communicate risks or new strategies to management.
  • Provide oversight on counterparty credit risk related to structured asset collateral.
  • Design and present risk assessments of high-risk portfolios to senior management.
  • Coach and guide junior team members in project management.

Benefits

  • Telecommuting permitted up to 1 day per week.
  • 401(k) program with company-matching contributions.
  • Health, dental, vision, life, and disability insurance.
  • Paid time-off plan.
Full Job Description
Job Description

  • Associate Director in Global Risk Management Group, Royal Bank of Canada (US), New York, NY:
    Prepare and oversee risk reporting to identify and evaluate major business risks, ensuring alignment with RBC risk tolerance and objectives. Ensure accurate calculation, tracking, and reporting of credit risk and collateral exposures for the Global Central Funding Group (CFG) Security Finance businesses. Continuously review trading strategies and products to maintain compliance with risk standards. Monitor portfolio changes daily and communicate any abnormal risks or new strategies to senior management. Provide oversight for counterparty credit risk related to structured asset collateral and develop expertise in designated asset classes. Design and present risk assessments of high-risk portfolios to senior management as needed. Analyze trends in risk and exposure within the structured asset collateral portfolio and facilitate management approval for outside limits requests. Enhance the Global Risk Management-Counterparty Credit Risk platform through coding and data visualization improvements. Coach and guide junior team members in their daily activities and project management.
    Telecommuting permitted up to 1 day per week.
    #LI-DNI
    Full time employment, Monday - Friday, 40 hours per week, $188,178.00 per year.
    MINIMUM REQUIREMENTS:
    Must have a Bachelor's degree in Financial Engineering, Science, Mathematics, Statistics or a related field and 4 years of work experience in a credit, market, or counterparty credit risk role.
    Must have 4 years of experience in:
    * Value at Risk (VaR) and stress testing methodologies, using macroeconomic and specific factors affecting asset prices.
    * Python programming for financial modeling and data analysis.
    * Credit or market Limit calibration.
    * Value-at-Risk measurement and back-testing.
    * Stress testing and scenario analysis.
    * Sensitivity analysis and profit/loss decomposition.
    Must have 2 years of experience in:
    * Pricing fixed income securities, Repo/Reverse Repo, assessing their risk factors, including VaR and stress testing.
    * SQL programming, Tableau, Bloomberg, Intex, and Polypath for data analysis and visualization.
    Must have 1 years of experience in Pricing and market analysis of: Commercial Mortgage-Backed Security (CMBS), Asset-Backed Security (ABS), Residential Mortgage-Back Security (RMBS), Collateralized Loan Obligation (CLO), Whole-Loan, Agency Whole-Loan, and fixed income securities, including equities and their risk factors.
    International travel required up to 5%. Domestic travel required up to 5%.
    The base salary for this job is $188,178.00 per year. This salary does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
    TO APPLY: Please click "Apply Now" Button


Job Skills
Business Data Analysis, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Long Term Planning, Operational Delivery, Quantitative Methods, Risk Management

Additional Job Details

Address:

City:

Country:

Work hours/week:

0

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-07-15

Application Deadline:

2026-09-23
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
5 Year Trend
+8.7%
NASDAQ

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