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Manager, CMF Risk Reporting
Full time @RBC posted 1 year ago in Risk Management Governance & Compliance Shortlist Email JobJob Description
Purpose of Job:
- Ensure that risks in the CMF trading businesses are controlled and reported in accordance with Bank policies and risk appetite.
- Work in close collaboration with the business line as a valued partner by identifying key risks and assessing market conditions.
- Review business line proposals for new products and limit changes and make recommendations to senior management.
- Facilitate effective communication between risk and trading management teams across various centers in which the business operates (Toronto/London/New York).
Job Responsibilities:
- Risk Reporting – Oversee risk exposures for covered businesses and socialize to Senior Risk Management, Senior Trading Management and MRMPC on trading risks, trader sentiment and market conditions. Ensure adherence with Bank’s risk appetite and the business mandate. Produce and review daily risk and limit reports, and engage in discussions with the business as appropriate.
- Partnership with Trading – Engage trading groups in a proactive manner to promote open communication between risk and trading. Escalate trading issues and work effectively with senior trading management.
- Communication – Socialize regularly with TFRM management on trading activity, trading risk profile, trader sentiment and market developments in covered businesses. Collaborate with global TFRM teams to ensure there is consistency in risk management approach. Collaborate with other Bank and GRM stakeholders to achieve common objectives.
- Valuation – Ensure self-governing price verification is performed in accordance with policies and advise on appropriate valuation reserve adjustments in accordance with Bank’s policies. Assist in maintaining Official Rate Source Document (ORSD) for covered products. Identify risk taking activities and valuation issues through oversight of daily P&L attribution analysis.
- Data Analytics – Participate in extracting insight from risk and market data through analytic techniques and data visualization tools (e.g. R, Python, Tableau, PowerBI).
- New Product & Limit Adjudication – Review new product proposals and make recommendations to MRMPC on limit requests, including proposing new limits according to the Bank’s risk appetite.
- Regulatory & Audit – Participate in external and internal audits and resolution of findings and participate in key regulatory initiatives (e.g. FRTB).
Job Requirements:
- Quantitative Undergrad (eg. finance, mathematics, statistics, engineering) plus Masters preferred.  Progress towards or completion of CFA/FRM/PRM an asset.
- 2 years or more experience in market risk management.
- Deep understanding of financial markets, risk analysis and derivatives valuation.
- Excellent written and verbal communication.
- Ability to work in a fast-paced environment.
- Exceptional problem solving skills.