2024 Fall - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Toronto, Canada

3 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Summary

The role of the Market Risk Stress Testing team is to ensure that the link between the current market environment across all asset classes and RBC's market risk profile is established, understood, and managed effectively.

The team develops, implements, and analyzes stress scenarios to provide senior management, business heads, and regulators with views on market risk concentrations and capital adequacy.

As Risk Analyst, you are responsible for contributing to the team's mandate, including the continued design and development of tools to streamline the stress testing processes.

What is the opportunity?

The team develops, implements, and analyzes stress scenarios to provide senior management, business heads, and regulators with views on market risk concentrations and capital adequacy.

As Risk Analyst, you are responsible for contributing to the team's mandate, including the continued design and development of tools to streamline the stress testing processes.

What will you do?

Participate in the scenario design process including identifying all material market risks, appropriately calibrating stress shocks, and reviewing and challenging scenario designs approaches and assumptions.

- Provide timely, accurate, and complete stress risk reporting and analysis. - Collaborate with colleagues to design and develop tools to automate and streamline stress testing processes. - Gather findings and results of stress tests, methodology changes, and system changes for internal review committee.

What do you need to succeed?

Must-have

Relevant experience in a credit or market risk function including:
Stress testing and scenario analysis
Sensitivity analysis
Strong understanding of financial markets and trading businesses, both exchange traded and over the counter markets.
Thorough knowledge of traded products including derivatives and their associated risks
Proficient in Microsoft Office, Bloomberg, Tableau, SQL, and VBA
Strong knowledge of programming languages, preferably Python
Excellent communication and problemsolving skills.

Nice-to-have

MBA, MA or MS or equivalent with emphasis in finance, economics or a quantitative discipline.

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.

Network and build lasting relationships with students from diverse backgrounds from across Canada
Leaders who support your development through coaching and learning opportunities
Work in a dynamic, collaborative, progressive and highly performing team
Ability to make a difference and lasting impact
Enjoy a comfortable work environment with the option to dress casually

Please note:

This posting is for a 4-months Fall 2024 Student placement with a start date of September 2024, and end date of December 2024.

In order to be eligible for this 4-months Student position, you must either:

Be returning back to school after the work term enddate of December 2024 ; or
If you are not returning back to school (i.e. are graduating in December 2024), you must require the full 4months work term as a mandatory component to in order to graduate successfully.

ET24

Job Skills
Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Market Risk, Personal Development, Stress Testing, Taking Initiative

Additional Job Details

Address:

ROYAL BANK PLAZA, 200

BAY ST:

TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Student/Coop (Fixed Term)

Pay Type:

Salaried

Posted Date:

Application Deadline:

Inclusion
and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth.

We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work.

We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

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