Associate Director - FX Market Risk

The Market Risk London team is responsible for monitoring, analysing, and reporting on market risk exposure stemming from the European trading activity within RBC Capital Markets, RBC Investor Services and RBC Wealth Management in Europe. The Associate Director is responsible for accurate and timely risk reporting, ongoing monitoring and producing analysis of market risk taken by linear and non-linear Foreign Exchange trading desks (FX Spot, FX EM, FX Forwards & FX Options) while also overseeing the deal‑contingent IR/FX derivatives portfolio. The individual will also be responsible for managing ad‑hoc medium‑term projects to tight deadlines and collaborating with other stakeholders, with support from Director, Market Risk where required. This role requires 4 days in the office.

What will you do?

• Monitor, analyse and report market risk exposures for the desk, including risk limits, material exposures and concentrations.
• Timely investigate and elevate key risks, exposure changes or risk limit breaches.
• Develop a strong understanding of the products and the associated risks, and drivers contributing to P&L and loss metrics (VaR and Stress).
• Prepare risk analysis on emerging risks, limit extensions, annual limit reviews, product mandates or ad‑hoc trading requests, provide constructive challenge to the Business.
• Follow market developments in relation to provide insights on emerging concerns or potential or realised impacts.
• Assess new business initiatives or requests, ensuring the risks are understood and highlighted appropriately.
• Collaborate with the Business, Quants, Technology, Enterprise Risk and other functions on new initiatives, projects or risk issues.
• Act as key contact for Market Risk on risk reporting, risk processes and risk management for the assigned desks.
• Drive medium and long‑term projects and actively look for opportunities to improve the existing risk management and reporting infrastructure.

What do you need to succeed?

• Must-have: Quantitative, Finance and/or Economics degree or similar/equivalent.
• Proven experience in a Trading Desk facing role.
• Significant attention to detail in a fast pace and high‑pressure environment.
• Curiosity and high self‑motivation with ability to work independently and collaboratively.
• Good team player with strong communication and interpersonal skills, interaction with other regions and teams is required.
• Strong verbal and written communication skills.
• Strong knowledge of Excel.
• Practical applications/use of Python and Bloomberg.
• The individual must always uphold the reputation of RBC and Group Risk Management.

Nice to have:

• Knowledge of G10 and Emerging Markets FX/IR markets.
• Good understanding of Greeks, VaR, Stress testing and scenario analysis.

What is in it for you?

• 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.

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.