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For Companies At a Glance
- Tasks: Monitor and analyse counterparty credit risk in a dynamic team across global markets.
- Company: Join the Royal Bank of Canada, a leading global financial institution.
- Benefits: Enjoy competitive pay, flexible benefits, and world-class training opportunities.
- Why this job: Make a real impact in a fast-paced environment while developing your skills.
- Qualifications: Degree in Finance, Economics, or related field; strong analytical and communication skills.
- Other info: Collaborative culture with excellent career growth and support for personal development.
The predicted salary is between 36000 - 60000 £ per year.
Job Description
What is the opportunity?
You will be joining the Counterparty Credit Risk (CCR) team in London, within the Group Risk Management (GRM) function of the Royal Bank of Canada. You will be part of a dynamic team with presence in London, Toronto, New York, Singapore and Sydney. The CCR London team is responsible for monitoring, analysing, credit-sizing and reporting on counterparty credit risk exposures stemming from the European trading activity within RBC Capital Markets, RBC Europe Limited, RBC IS Trust, and RBC Wealth Management in Channel Islands. You will be providing independent oversight for counterparty credit risks arising from RBC Capital Markets and RBC Europe Limited. The role covers a wide range of products including – but not limited to – Securities Finance, Commodities, Derivatives (Interest Rates, FX, Equities, Credit), Inventory, Money Markets and Centrally Cleared products.
What will you do?
- Ensure trading credit limits are monitored and all excesses are investigated daily and reported in a timely manner. This includes the closure and follow-up of all excesses for London based Securities Finance (Central Funding Group) and Commodities Financing businesses as well as for activity in RBC Europe Limited. For excesses that were not pre-approved, investigate and document limit breach, and present corresponding details and recommendation at MCCR Conduct Committee as required.
- Provide timely support to Front Office stakeholders to facilitate trade requests which fall outside of authorised limits and/or Standing Orders, or to answer any other queries related to counterparty credit risk.
- Provide credit sizing and trade approvals in accordance with Standing Orders and CCR Delegated Authority. For specific requests outside of these authorities, prepare detailed recommendations and escalate requests to Manager, Senior CCR Management and / or Wholesale Credit Risk (WCR) as required.
- Ensure assigned reports are completed in a timely manner and in particular that risk reporting is reviewed and well understood. All reports must be assessed for data quality, accuracy, and completeness.
- Complete month-end / quarter-end reporting for local and global management committees, and prepare corresponding comments regarding exposure analysis, trends and market events. Present key highlights and concerns at local and global CCR Management forums.
- Review and escalate as required any material failed settlements upon notification from BCS.
- Assist with the completion of ad hoc or periodic information request related to counterparty risk from Regulators, Senior Management in Front Office, GRM and Regulatory Reporting as required.
What do you need to succeed?
Must-have
- Bachelor’s or Master’s Degree in a technical discipline (such as Finance, Economics, Math or other quantitative discipline) or similar, equivalent.
- Experience in a support function in Capital Markets (Risk Management, Audit, BCS…).
- Understanding of Capital Markets trading products and related credit risk concepts (TTL, PFE, MTM, ETCs, Stress scenarios etc.).
- Strong communication (verbal and written) and inter-personal skills.
- Strong analytical skills and attention to details.
- Desire to work in a fast-paced environment and build on existing capability of prioritising multiple requests /deliverables on short notice (multi-tasking essential).
- Incumbent thrives in a team environment and working collaboratively with other stakeholders towards a common goal.
- Highly self-motivated and ability to work autonomously.
- Excellent problem-solving skills in a high pressured environment.
- Very proficient with Microsoft Excel, Power Point, Word.
- Working knowledge of Python, SQL, VBA or other programming language.
- Be comfortable using a range of trading and credit software applications.
Nice-to-have
- Experience in Credit Risk, Counterparty Credit Risk or Market Risk.
- CFA or FRM.
- Experience with Bloomberg.
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.
Agency Notice
RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.
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.
Job Skills
Business Data Analysis, Communication, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Quantitative Methods, Risk Management
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: 2025-09-19
Application Deadline: 2025-10-03
Note
Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion
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Risk Manager, GRM Counterparty Credit Risk employer: RBC
Contact Detail:
RBC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Risk Manager, GRM Counterparty Credit Risk
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even reach out to folks on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Risk Manager role.
✨Ace the Interview
Prepare for your interviews by researching common questions related to counterparty credit risk and the specific products mentioned in the job description. We recommend practising your answers with a friend or in front of a mirror to boost your confidence!
✨Show Off Your Skills
During interviews, don’t just talk about your experience—show how your skills align with the role. Use examples from your past work to demonstrate your analytical skills and problem-solving abilities. We want to see how you can contribute to the team!
✨Apply Through Our Website
Make sure to apply directly through our website for the best chance at landing the job. It’s the easiest way for us to keep track of your application and ensure it gets the attention it deserves. Plus, we love seeing candidates who are proactive!
We think you need these skills to ace Risk Manager, GRM Counterparty Credit Risk
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Risk Manager role. Highlight relevant experience in Capital Markets and any specific skills that match the job description, like your understanding of credit risk concepts.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about counterparty credit risk and how your background makes you a great fit for our team at RBC.
Showcase Your Analytical Skills: Since this role requires strong analytical skills, be sure to include examples of how you've used these skills in past roles. Whether it's through data analysis or problem-solving, let us see your strengths!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows your enthusiasm for joining our dynamic team!
How to prepare for a job interview at RBC
✨Know Your Numbers
Brush up on key financial metrics and concepts related to counterparty credit risk, such as TTL, PFE, and MTM. Being able to discuss these confidently will show that you understand the technical side of the role.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples where you've used your analytical skills to solve problems or make decisions in a fast-paced environment. Highlighting your experience with data analysis tools like Excel or programming languages like Python can set you apart.
✨Communicate Clearly
Practice articulating complex ideas in simple terms. Strong communication skills are essential, so be ready to explain your thought process and findings clearly, especially when discussing risk assessments or reporting.
✨Demonstrate Team Spirit
Since this role involves collaboration with various stakeholders, be prepared to share examples of how you've successfully worked in teams. Emphasise your ability to prioritise multiple tasks while maintaining a positive attitude.
