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- Tasks: Monitor and analyse market risk for FX trading desks, ensuring accurate reporting and insights.
- Company: Join RBC, a leading financial services provider with a focus on innovation.
- Benefits: Competitive salary, bonuses, flexible benefits, and world-class training opportunities.
- Why this job: Make a real impact in a dynamic team while developing your finance skills.
- Qualifications: Degree in Finance, Economics or similar; experience in a Trading Desk role required.
- Other info: Collaborative environment with opportunities for career growth and development.
The predicted salary is between 43200 - 72000 ÂŁ per year.
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 opportunity includes monitoring, analysing, and reporting on market risk exposure, with the Associate Director responsible for accurate and timely risk reporting, ongoing monitoring and producing analysis of market risk for 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 manage ad‑hoc medium‑term projects to tight deadlines, collaborating with other stakeholders with support from the 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 escalate 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, and provide constructive challenge to the Business.
- Follow market developments 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.
Associate Director - FX Market Risk in London employer: RBC
Contact Detail:
RBC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Director - FX Market Risk in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those already working at RBC or similar firms. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by diving deep into FX market trends and risk management strategies. Show us you know your stuff and can discuss how you’d tackle real-world challenges in the role.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After interviews, drop a quick thank-you note to express your appreciation and reiterate your enthusiasm for the position. It keeps you fresh in their minds.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team at RBC.
We think you need these skills to ace Associate Director - FX Market Risk in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Associate Director - FX Market Risk role. Highlight your experience in market risk, trading desks, and any relevant quantitative skills. We want to see how your background aligns with what we’re looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about market risk and how your skills can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills: Since this role involves a lot of analysis, make sure to showcase your analytical skills in your application. Mention specific tools or methodologies you’ve used, like Excel or Python, that demonstrate your ability to handle complex data.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s the easiest way for us to track your application and ensure it reaches the right people. Don’t miss out on this opportunity!
How to prepare for a job interview at RBC
✨Know Your Numbers
Make sure you brush up on your knowledge of key metrics like VaR, Stress testing, and Greeks. Being able to discuss these concepts confidently will show that you understand the technical side of market risk, which is crucial for the Associate Director role.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've monitored or analysed market risk in a fast-paced environment. Highlight any projects where you had to produce timely reports or manage risk limits, as this will demonstrate your ability to handle the responsibilities of the position.
✨Communicate Effectively
Since this role involves collaboration with various teams, practice articulating your thoughts clearly. Be ready to explain complex risk concepts in simple terms, as strong communication skills are essential for interacting with stakeholders across different functions.
✨Stay Updated on Market Trends
Familiarise yourself with current trends in the FX and IR markets. Being able to discuss recent developments or emerging risks during your interview will show your curiosity and commitment to staying informed, which is vital for success in this role.
