Royal Bank of Canada

Associate Director - Local Market Risk

Royal Bank of Canada • $120K — $150K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
1 week ago
Job Overview by Ladders

Qualifications

  • 3-7 years of market risk expertise in various asset classes.
  • Strong knowledge of vanilla and exotic derivatives, including non-linear products.
  • Proficiency in Value-at-Risk (VaR) measurement and back-testing methods.
  • Advanced technical skills in coding, data analysis (Python, Tableau, Bloomberg) and project management.
  • MBA, MA, MS or equivalent, preferably in finance, economics, or related quantitative field.

Responsibilities

  • Monitor and evaluate the risk profile of the Macro business, focusing on rates and foreign exchange markets.
  • Define and enforce a framework for approved tradable instruments in alignment with risk appetite.
  • Create and implement risk metrics and limits, including stress testing and scenario analyses.
  • Ensure compliance with risk management policies and regulatory requirements, monitoring adherence to risk limits.
  • Provide actionable insights to senior management by evaluating market risks and portfolio changes.
  • Collaborate with trading teams to manage risk-related issues and enhance communication.
  • Lead initiatives to improve risk management processes within the Local Market Risk team.

Benefits

  • Opportunity to learn across multiple asset classes and trading businesses.
  • Accelerated career progression for high performers.
  • Ability to make a tangible impact within the organization.
  • Supportive leadership focused on professional development.
  • Comprehensive rewards program including bonuses, flexible benefits, and competitive compensation.
Full Job Description
Job Description

What is the opportunity?

The Associate Director - Local Market Risk will play a pivotal role in establishing and maintaining a top-tier risk oversight framework. Key responsibilities include:
  • Monitor and Evaluate the Risk Profile: Maintain a deep and continuous understanding of the risk landscape for the Macro business, with a specific focus on the rates and foreign exchange markets. Proactively identify, assess, and address potential risk exposures.
  • Define Approved Tradable Instruments and Products: Develop and enforce a clear framework for approved tradable instruments and products within the Macro space, ensuring alignment with the organization's risk appetite and strategic goals.
  • Design and Manage Market Risk Metrics and Limits: Assist in the creation and implementation of comprehensive risk metrics, including Greek sensitivities, stress testing scenarios, and stress shock calibrations. These tools will assess and quantify risks under both standard and adverse market conditions.
  • Ensure Compliance and Policy Adherence: Monitor activities to ensure full compliance with internal risk management policies and external regulatory requirements. Oversee adherence to established risk limits and frameworks, providing timely reporting and insights.


What will you do?
  • Monitor and Analyze Risk Exposure: Ensure market risks accurately reflect the organization's exposure by performing in-depth due diligence. Track portfolio changes and market conditions to deliver actionable insights for senior management.
  • Provide Risk Insights: Investigate emerging risks and deliver value-added insights to senior management, highlighting key trends, potential concerns, and areas requiring attention.
  • Evaluate Trading Strategies: Assess key trading strategies and products to ensure they align with the organization's risk tolerance and deliver an appropriate risk-reward balance.
  • Collaborate with Trading Teams: Partner with trading teams to address critical risk-related issues, including system functionality, risk limits, and overall risk management, fostering alignment and effective communication.
  • Enhance Risk Infrastructure: Lead the development and refinement of the risk management framework, including product mandates, limit reviews, and assessments of new business initiatives.
  • Facilitate Stakeholder Collaboration: Coordinate across multiple stakeholders to support project-related tasks, including large-scale initiatives like risk modernization and ad-hoc requests from various functional groups.
  • Oversee Significant Transactions: Review and assess major transactions to support business objectives while ensuring robust risk controls and adherence to organizational policies.
  • Drive Process Improvement: Identify and implement opportunities to enhance and standardize processes within the Local Market Risk (LMR) team, promoting efficiency and consistency.


What do you need to succeed?

Must Have
  • Independent and Curious: Demonstrates the ability to work autonomously with minimal supervision, coupled with a natural curiosity and eagerness to explore and solve complex problems.
  • Strong Team Player with Excellent Communication Skills: Thrives in collaborative environments and possesses exceptional interpersonal communication skills. Capable of delivering clear, concise, and impactful messages in high-pressure, fast-paced settings.
  • Market Risk Expertise (3-7 Years): Extensive experience in market risk functions
  • Superior written and verbal communication skills, with the ability to simplify and present complex technical concepts to senior risk and business leaders.
  • Deep understanding of vanilla and exotic derivative products across asset classes such as Fixed Income, Credit, Foreign Exchange, Commodities, and Equities.
  • Expertise in non-linear products and the dynamics of option Greeks.
  • Proficiency in Value-at-Risk (VaR) measurement and back-testing.
  • Advanced skills in stress testing, scenario analysis (e.g., "what-if" scenarios), sensitivity analysis, and P&L decomposition.
  • Strong knowledge of regulatory capital requirements under the FRTB framework.
  • Educational Background: Holds an MBA, MA, MS, or an equivalent qualification with a focus on finance, economics, or a quantitative discipline.
  • Project Management Skills: Proven experience in managing and coordinating projects, ensuring timely and efficient execution of deliverables.
  • Technical Proficiency: Advanced capabilities in coding and data analysis, including; Python, Tableau or Bloomberg.
  • Analytical and Problem-Solving Skills: Demonstrates strong investigative abilities and a structured approach to identifying, analyzing, and resolving complex challenges.


What's 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.
  • Opportunity to learn a variety of asset classes and be exposed to multiple trading businesses, including structured products
  • Rewarding opportunity for accelerated career progression for high performers
  • Ability to make a difference and lasting impact
  • Strong leaders and peers who support your development through coaching and managing opportunities
  • A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
  • Potential to utilize transferable skills and grow within other related business areas


Job Skills
Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, 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:

2026-06-19

Application Deadline:

2026-07-04
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.

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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.

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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.

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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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