Job Description
What is the opportunity? Group Risk Management (GRM) provides independent and effective on-site monitoring, controlling, and reporting on the nature and extent of all material market risk of the RBC trading business. GRM is responsible for the implementation of and compliance with risk management policies and procedures, while promoting a Best in Class risk oversight environment.SRT Market Risk in London has oversight of the Structured Rates Trading business, which incorporates trading activity in both London and Tokyo.We are looking for someone at the level of Risk Manager with demonstrable mathematical/analytic skills and strong derivatives knowledge, who can thrive in a time-sensitive and technical control environment.
What will you do?
1. The risk manager will be the primary point of contact for the daily reporting processes, ensuring timely and accurate reporting of all key risk metrics.
2. Develop an understanding of SRT's limit framework, contributing to the enhancement of the framework where required.
3. Ensure that any limit breaches are accurately tracked and reported.
4. Perform day to day analysis of the SRT risk profile, clearly communicating new business activity, evolving portfolio risk dynamics and major market developments to senior management.
5. Have regular interaction with the trading business, updating on risk issues and staying informed on hedging strategies and new business developments.
6. Perform risk analysis of proposed transactions and new business.
7. Assist in streamlining daily reporting tasks and contribute to the transition towards strategic risk reporting systems.
What do you need to succeed?
8. Substantial market risk experience with a good understanding of sound risk management principles.
9. Practical experience with options and non-linear derivatives, with a strong knowledge of their risk profiles and Greeks.
10. Experience with regular front office interaction.
11. Very good understanding of Value-at-Risk and stress testing, with the required market knowledge to articulate the results of scenario analysis.
12. Strong communication and interpersonal skills, comfortable in articulating information to a senior audience and an ability to develop collaborative relationships with the wider GRM team.
What is 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.
• A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation.• Leaders who support your development through coaching and managing opportunities.• Opportunities to work with the best in the field.• Ability to make a difference and lasting impact.• Work in a dynamic, collaborative, progressive, and high-performing team.• A world-class training program in financial services.• Flexible working options fully supported. Job Skills Additional Job Details
Address:
100 BISHOPSGATE:LONDON
City:
London
Country:
United Kingdom
Work hours/week:
35
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2024-05-29
Application Deadline:
2024-06-12
I nclusion 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.
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