Associate Director - Market Risk
Description
The Associate Director, part of the Group Risk Management team, will independently monitor, control, and communicate market risk for RBC's Securitized Product businesses and CNB's MBS-related businesses. This role involves partnering with various stakeholders to ensure compliance with market risk policies and procedures, building out the market risk framework, monitoring portfolio and market changes, collaborating on regulatory compliance, reviewing mortgage model parameters, and supporting market risk reporting processes.
What We're Looking For
Build out the market risk framework for Originate to Sell (OTS), Lock, and Mortgage Servicing Rights (MSR) business.,Act as the primary market risk contact for the OTS, Lock, and MSR business head.,Monitor portfolio and market changes to provide insights to senior management.,Collaborate with internal regulatory colleagues on the impact of portfolio changes on legal entities and regulatory compliance.,Review mortgage model parameters with front office traders, quants, and market risk quants.,Collaborate with trading and risk teams for cohesion on key risk issues, systems, limits, and risk management.,Support management of market risk reporting and ensure accuracy of risk measurements.,Review significant transactions to facilitate business and ensure proper risk controls.,Implement changes and improvements to risk processes as required by new strategies and regulations.,3+ years of working experience in market risk covering relevant mortgage products.,Strong knowledge of CMO, MBS, MSR, TBA, and relevant hedge products (treasuries, swaps, swaptions, etc.).,Strong knowledge of securitized product, interest rate, or other fixed income markets.,Strong analytical and mathematical skills, problem-solving capabilities, and communication skills.
Ideal Candidate
Bachelor's degree in Finance, Engineering, Math, or a related field.,Master's degree in Financial Engineering, Financial Math, or a related quantitative field (Nice-to-have).,Experience with Tableau, Python and SQL (Nice-to-have).,Experience with Quantitative Risk Management (QRM) and Intex (Nice-to-have).,Experience with PolyPaths (Nice-to-have).,Experience with regulatory interaction and familiarity with regulatory rules pertaining to market risk (Nice-to-have).
Minimum Education
Bachelor's Degree
Hard Skills
Soft Skills
Work Hours
40 hours/week
Benefits
About the Company
Royal Bank of Canada
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. As Canada's largest bank, it provides personal and commercial banking, wealth management, and capital markets services to over 17 million clients worldwide.
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