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- Tasks: Join a dynamic team managing counterparty credit risk in a fast-paced environment.
- Company: Royal Bank of Canada, a leading global financial institution.
- Benefits: Competitive salary, bonuses, flexible benefits, and world-class training.
- Why this job: Make a real impact in finance while developing your skills with top professionals.
- Qualifications: Degree in Finance, Economics, or related field; strong analytical and communication skills.
- Other info: Collaborative culture with opportunities for growth and development.
The predicted salary is between 36000 - 60000 £ per year.
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 provide 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. This role requires 4 days in the office.
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 requests 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.
- Highly self-motivated and ability to work autonomously.
- 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.
- 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 languages.
- 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?
- 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.
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
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, especially those already at RBC or in similar roles. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by diving deep into the specifics of counterparty credit risk. Brush up on your knowledge of trading products and be ready to discuss how you can add value to the CCR team.
✨Tip Number 3
Showcase your analytical skills! Bring examples of how you've tackled complex problems in past roles. This will demonstrate your ability to thrive in a fast-paced environment, just like the one at RBC.
✨Tip Number 4
Don't forget to 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 the RBC team.
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 this role and how your background makes you a perfect fit for the CCR 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: Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're serious about joining our dynamic team.
How to prepare for a job interview at RBC
✨Know Your Risk Concepts
Make sure you brush up on key concepts related to counterparty credit risk, such as TTL, PFE, and MTM. Being able to discuss these terms confidently will show that you understand the technical aspects of the role and can engage in meaningful conversations with the interviewers.
✨Showcase Your Analytical Skills
Prepare to demonstrate your analytical skills by discussing past experiences where you've successfully analysed data or solved complex problems. Use specific examples that highlight your attention to detail and ability to work under pressure, as these are crucial for a Risk Manager.
✨Communicate Effectively
Strong communication skills are essential for this role. Practice articulating your thoughts clearly and concisely. You might even want to prepare a few questions to ask the interviewers about their team dynamics or current challenges they face, which shows your interest and engagement.
✨Familiarise Yourself with Tools
Since proficiency in tools like Excel, Python, and SQL is important, make sure you're comfortable discussing your experience with these applications. If you have any projects or analyses you've done using these tools, be ready to share them during the interview.
