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Structured Derivatives Market Risk Analyst

What is the opportunity?
Group Risk Management provides independent and effective on-site monitoring, controlling and reporting on the nature and extent of all material market risk and to ensure the implementation of and compliance with risk management policies and procedures. The incumbent will help promote a “Best of Class” risk oversight environment for London Structured Derivatives business (equity and interest rate exotic products).

What will you do?
  • Run the market risk reporting processes and ensure timely and accurate reporting of all relevant risk metrics.
  • Help develop new and/or improve existing reporting infrastructure wherever required including new risk analytics to improve risk infrastructure.
  • On request help provide ad-hoc analysis on trading strategies and products to ensure they are in line with RBCCM risk tolerance and objectives.
  • Clearly communicate any deficiencies in risk process and infrastructure and facilitate remediation.
  • Automating daily risk monitoring tasks using combination of VBA/SQL/Pearl/Python programming language
  • Developing quantitative analytics tools for use by Market Risk
  • Ensure all relevant risk metrics are monitored through the current reporting process.
  • Ensure all limit breaches are correctly tracked and reported.
  • Work with trading to ensure adherence to bank risk appetite, including limits and compliance with limit framework.
  • Assist in the transition of risk reports to new technological platforms.
  • On request help prepare ad-hoc analysis for senior management.

What do you need to succeed?

Must-have
  • MSc in Mathematical Finance or Financial Engineering
  • Bachelors in Mathematics/Statistics.
  • Team player, able to think on feet
  • Some experience working on a risk/trading desk at a financial company/institution in a quantitative or programming role, with ideally basic knowledge of: Value-at-Risk measurement, stress testing and scenario analysis and sensitivity analysis
  • Basic knowledge of fixed income markets and products: IR options, structured products. Focus on equity derivatives with good knowledge of interest rate products
  • Highly proficient in VBA/C++/Python/SQL (will be tested at interview stage)
  • Fluent in English

What's 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.

*LI-MM2

About RBC
Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com .

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Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.

JOB SUMMARY
City: City of London
Address: Riverbank House
Work Hours/Week: 35
Work Environment: Office
Employment Type: Permanent
Career Level: Experienced Hire/Professional
Pay Type: Salaried
Required Travel (%): 0-25
Exempt/Non-Exempt: N/A
People Manager: No
Application Deadline: 2017-10-09
Req ID: 145661
Posting Notes: [[mfield1]]