Job Description

What is the opportunity?

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.  The team is also responsible for ensuring compliance with all regulatory stress testing requirements for market risk.

As Senior Analyst, you are responsible for contributing to the team’s mandate, including the continued development of the market risk stress testing program, with an emphasis on the design, implementation and analysis of relevant scenarios. 

What will you do?

• Conduct analysis on and produce summaries of potential concentrations and trends in risk that could result in significant financial loss under adverse market conditions. Demonstrate a deep, detailed understanding of trading and non-trading market risks at RBC as well as the current market environment, to provide senior management with confidence in the reasonableness of stress test outcomes such that action can be taken as deemed necessary

• 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

• Execute the market risk components of all regulatory stress tests – such stress tests are critical in assuring regulators that RBC is well-positioned to withstand severe but plausible market events.  Conduct thorough analysis, including detailed reviews and market research, to ensure the completeness and reasonableness of results

• Document, challenge and provide expertise on market risk stress testing methodologies and assumptions across RBC.  These methodologies must be properly justified and documented in compliance with regulatory standards

• Provide requirements in the design of key components of the strategic market risk platform that are related to stress testing, and test the IT builds before promotion to production

• Gather findings and results of stress tests, methodology changes, and system changes to business heads and internal review committees

What do you need to succeed?

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

• Excellent written and oral communication skills, including prior experience with presenting to senior audiences

• Thorough knowledge of traded products including derivatives and their associated risks.

• Detailed knowledge of MS Excel, SQL, and Python

• Ability to work collaboratively and under tight deadlines

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. We offer:

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation

• Leaders who support your development through coaching and managing

• opportunities 

• Work in a dynamic, collaborative, progressive, and high-performing team in a growth area

• Opportunities to do challenging work with enterprise impact