At a Glance
- Tasks: Monitor and analyse market risk for foreign exchange trading desks.
- Company: Join RBC Capital Markets, a leader in financial services.
- Benefits: Competitive salary, bonuses, flexible benefits, and world-class training.
- Other info: Opportunities for growth and development with experienced mentors.
- Why this job: Make a real impact in a dynamic, collaborative environment.
- Qualifications: Basic understanding of financial markets and strong attention to detail.
The predicted salary is between 50000 - 70000 € 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 Market Risk Manager 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) while also overseeing the deal‑contingent IR/FX derivatives portfolio. This role will also be responsible for managing ad‑hoc medium‑term projects to hard deadlines and collaborating with other stakeholders, with support from Director, Market Risk where required. This is a permanent, full‑time role and requires 4 days in the office at our London Bishopsgate office.
Primary Responsibilities
- Assist in monitoring and reporting market risk exposures, including risk limits, material exposures, and concentrations, under supervision.
- Support timely investigations and escalations of key risks, exposure changes, or breaches, with guidance from senior team members.
- Develop foundational knowledge of financial products, associated risks, and drivers of P&L, VaR, and stress metrics.
- Contribute to risk analysis for emerging risks, limit extensions, and ad‑hoc trading requests, with oversight from experienced colleagues.
- Assist in tracking market developments and providing insights on emerging concerns or potential impacts.
- Support assessments of new business initiatives or requests, ensuring risks are identified and communicated appropriately.
- Collaborate with the Business, Technology, and Enterprise Risk teams on projects and risk issues, with a focus on learning and contributing to team goals.
- Serve as a junior contact for Market Risk on risk reporting and processes for assigned desks, under senior guidance.
- Assist in improving risk management and reporting infrastructure, with opportunities to contribute to coding and AI tool projects.
Must‑have
- Basic understanding of financial markets or quantitative concepts (e.g., through coursework, internships, or projects).
- Strong attention to detail and ability to work in a fast‑paced environment.
- Motivated learner with a willingness to work independently and collaboratively.
- Good communication and interpersonal skills, with the ability to interact with diverse teams.
- Proficiency in English, both oral and written.
- Familiarity with Python, Bloomberg, or Excel (basic to intermediate level).
Nice to have
- Degree in Quantitative Finance, Finance, Economics, or a related field.
- Progressing toward or completion of CFA/FRM or a relevant Master's degree.
- Basic understanding of Greeks, VaR, stress testing, or scenario analysis.
- Prior internship or project experience in finance or risk management.
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.
Risk Manager - Foreign Exchange (London) employer: Royal Bank of Canada
RBC Capital Markets is an exceptional employer, offering a dynamic and collaborative work environment in the heart of London. With a strong focus on employee development, you will benefit from world-class training programs and the opportunity to work alongside industry leaders, all while contributing to meaningful projects that have a lasting impact. Our comprehensive Total Rewards Program ensures competitive compensation and flexible benefits, making RBC a rewarding place to advance your career in finance.
StudySmarter Expert Advice🤫
We think this is how you could land Risk Manager - Foreign Exchange (London)
✨Network Like a Pro
Get out there and connect with people in the finance and risk management sectors. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know!
✨Ace the Interview
Prepare for your interviews by researching common questions related to market risk and financial products. Practice your answers and think of examples from your experience that showcase your skills. Remember, we want to see your passion for the role and how you can contribute to the team!
✨Show Off Your Skills
If you’ve got any coding skills or experience with tools like Python or Excel, make sure to highlight them during your conversations. We love candidates who can bring technical expertise to the table, especially in a data-driven environment like market risk!
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows us you’re genuinely interested in joining our team at RBC Capital Markets.
We think you need these skills to ace Risk Manager - Foreign Exchange (London)
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Risk Manager role. Highlight any relevant experience in market risk, financial products, or quantitative concepts. 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 Skills:Don’t forget to mention your proficiency in tools like Python, Bloomberg, or Excel. If you’ve worked on any projects or internships related to finance or risk management, let us know! We’re keen to see what you bring to the table.
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you don’t miss out on any updates. Plus, it’s super easy!
How to prepare for a job interview at Royal Bank of Canada
✨Know Your Financial Products
Make sure you brush up on your knowledge of financial products, especially those related to foreign exchange. Understanding the basics of FX Spot, FX EM, and FX Forwards will help you answer questions confidently and show that you're genuinely interested in the role.
✨Demonstrate Analytical Skills
Prepare to discuss how you've used analytical skills in past experiences. Whether it's through coursework or internships, be ready to share specific examples of how you've monitored risks or analysed data. This will highlight your ability to contribute to risk analysis effectively.
✨Showcase Your Communication Skills
Since this role involves collaboration with various teams, practice articulating your thoughts clearly. Think of examples where you've successfully communicated complex information to diverse audiences. This will demonstrate your interpersonal skills and ability to work within a team.
✨Familiarise Yourself with Tools
If you have experience with Python, Bloomberg, or Excel, be prepared to discuss it. Even if your knowledge is basic, showing a willingness to learn and improve your skills can set you apart. Consider mentioning any projects where you've applied these tools, even in a limited capacity.
