Associate Director - Market Risk

What is the Opportunity?

As part of the Group Risk Management team, the Associate Director (AD) is responsible for providing independent and effective monitoring, control, and communications of market risk across RBC's Securitized Product businesses and CNB's MBS related businesses. This individual will partner with stakeholders across business, risk management and technology to ensure the implementation of and compliance with market risk policies and procedures.

What will you do?

• Build out the market risk framework to support the Originate to Sell (OTS), Lock and Mortgage Servicing Rights (MSR) business
• Operate as primary market risk contact for the business head for the OTS, Lock and MSRbusiness
• Monitor changes in portfolio and market to extract value-added insight for senior management
• Collaborate with internal regulatory colleagues on impact of expected portfolio changes to specific legal entities and regulatory compliance
• Review mortgage model parameters in concert with the front office traders, front office quants, and market risk quants
• Collaborate with additional trading and risk teams to ensure cohesion on key risk issues: systems, limits, risk management
• Support the management of market risk reporting process and ensure accuracy of key risk measurements
• Review significant transactions to help facilitate business and ensure proper risk controls
• Implement changes and improvements to the risk processes as required by new strategies and regulations

What do you need to succeed?

Must-have

• 3+ years of working experience in market risk covering relevant mortgage products
• Bachelor's degree in Finance, Engineering, Math, or a related field
• 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

Nice-to-have

• Master's degree in Financial Engineering, Financial Math, or a related quantitative field
• Experience with Tableau, Python and SQL
• Experience with Quantitative Risk Management (QRM) and Intex
• Experience with PolyPaths
• Experience with regulatory interaction and familiarity with regulatory rules pertaining to market risk

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.

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.

• Leaders who support your development through coaching and managing opportunities.

• Ability to make a difference and lasting impact.

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

• Opportunities to do challenging work.

• Opportunities to build close relationships with clients.

The expected salary range for this particular position is $120,000-$200,000 (New York), depending on your experience, skills, and registration status, market conditions and business needs.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high-performance culture

• Enables collective achievement of our strategic goals

• Generates sustainable shareholder returns and above market shareholder value

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Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.