Risk Analyst, Counterparty Credit Risk (Winter 2022 Student)

Job title: Risk Analyst, Counterparty Credit Risk (Winter 2022 Student)

Job description: What is the opportunity?

Reporting to the Director, Counterparty Credit Risk – Portfolio Analysis (CCRPA) group, the incumbent is mainly responsible for performing risk reporting processes to produce daily/weekly and other ad-hoc reports in margin lending, security lending and portfolio analysis. Additionally, the candidate will provide analyses on margin lending requests and recommendations on loan to value ratios against marketable securities in support of Wealth Management and Canadian Private Banking. Finally, the candidate will provide support in the automation and improvement of existing processes and reporting under the guidance of senior risk managers.

What will you do?

• Provide independent risk analysis to recommend close-out loan-to-value request on vanilla products, such as common stock, ETF, bond and fund.
• Review results with designated risk manager prior to seeking approval from management as required and communicating results back to the business
• Responsible for production of margin lending and security lending risk capture and reporting processes and ensure the accuracy of results.
• Provide support to security lending and XVA teams as required.
• Review the existing reports and processes, and identify systematic issues/gaps/inefficiencies and propose solutions
• Implement automation and improvements under the guidance of senior risk manager, and update procedure documentation accordingly

What do you need to succeed?

Must-have

• Knowledge of market risk, derivative credit risk, including: Value-at-Risk measurement and back-testing, stress testing and scenario analysis, sensitivity analysis and p/l decomposition, derivative pricing, potential future exposure calculation
• Knowledge of markets and products including equity, bond, structured products as well as current and upcoming regulatory/compliance requirements
• Good command of Excel, VBA programming and SQL
• Python or R programming skills
• Self-motivated individual with a high level of analytical capabilities and attention to detail
• Excellent written and oral communication skills
• Excellent team player with strong interpersonal skills
• Ability to work under pressure and against tight deadlines

Nice-to-have

• Progress towards an MBA, MA, MS or equivalent with emphasis in Finance, Economics, or a quantitative discipline
• CFA or FRM an asset

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.

• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work and make a difference
• Opportunities to building close relationships

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is December 3, 2021. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

While there is no one date when our employees will return, we can confirm that the majority of the Integrated Learning | Co-op positions will start working remotely, however may transition to working at an RBC office as essential service restrictions are lifted.

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About RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit .

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Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.

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