Risk Analyst, Counterparty Credit Risk (Summer 2022 Student)

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

Job description: Please note: This posting is for a 4-month Student Summer 2022 placement with a start date of May 2022, and end-date of August 2022. In order to be eligible for this 4-month Student position, you must either:

• Be returning back to school after the work term end-date of August 2022; or
• If you are not returning back to school (i.e. are graduating in August 2022), you must require the work term as a mandatory component to in order to graduate successfully.

Please ensure that you meet these eligibility requirements before applying – candidates who apply but are found to be ineligible are not able to be considered.

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

• Progress towards an MBA, MA, MS or equivalent – a focus on Finance, Economics, or a quantitative discipline is preferred
• 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
• 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

• CFA or FRM an asset
• R and Python programming skills

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 17th January 2022. 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.

RBC is committed to supporting flexible work arrangements when and where available. Candidates for this role will be required to be located within Ontario for the duration of the work term. More specific details regarding virtual, hybrid, and in-office arrangements for Integrated Learning/ Co-op positions will be discussed with the Hiring Manager.

HO2022

OAA2022

TAD2022

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 rbc.com.

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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.

JOB SUMMARY

City: Toronto
Address: 200 Bay Street
Work Hours/Week: 37.5
Work Environment: Office
Career Level: Student Job
Job Posting End Date: 01/17/2022
Req ID: 434624

Posting Notes:

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