Manager, Market Risk- Capital Markets in London

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 Market Risk Manager is responsible for monitoring and reporting market risk exposures, and producing analysis of market risk taken by trading desks, which can include, but is not limited to: Flow Rates, Credit Trading, Treasury Services, Debt Capital Markets, Fixed Income Repo. This role will also support with the management of ad-hoc projects and collaborate 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 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, 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 including AI initiatives.
• Actively look for opportunities to improve the existing risk management infrastructure.

What do you need to succeed?

Must-have:

• Quantitative, Finance and/or Economics degree or equivalent.
• Proven experience in a similar Trading Desk facing role.
• Significant attention to detail in a fast-paced 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 knowledge of Excel, Power Point, Bloomberg.
• Coding skills in Python and practical use of SQL.

Nice-to-have:

• Working towards or completion of CFA/FRM / Masters or equivalent.
• Practical use of Tableau.

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.