Manager – Counterparty Credit Risk
Company | Royal Bank of Canada |
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Location | Toronto, ON, Canada |
Salary | $Not Provided – $Not Provided |
Type | Full-Time |
Degrees | Master’s |
Experience Level | Junior, Mid Level |
Requirements
- 1-2 years of experience at a financial institution in a quantitative Risk Control function such as market or credit risk, with an understanding of capital markets trading products and related credit risk concepts
- Master’s degree in a relevant subject such as Finance, Economics, or other quantitative discipline
- Good command and hands on experience with Excel, Python, VBA programming, SQL or equivalent programming languages
- Strong analytical and problem-solving skills
- Solid verbal and written communication skills
- Proven organizational skills, with the ability to meet strict deadlines
Responsibilities
- Pro-actively investigate risks to provide clear and comprehensive analysis to senior management on risk trends and concerns
- Analyze key trading strategies and products to ensure they are in line with risk tolerance and objectives
- Aid in the review and recommendation for approval of specific/significant transactions to help facilitate business while ensuring proper risk controls
- Investigate, document and appropriately report/escalate credit limit excesses as per internal policies inclusive of Conduct Risk
- Work with trading and other key business contacts to ensure mutual understanding of credit risk metrics, processes, and limits
- Develop tools to investigate and appropriately report/escalate credit limit excesses and exposure concerns
- Develop, Code and generate tools that will enable the team to review periodic and ad-hoc credit risk reporting in a timely and accurate fashion. These tools will enable the team to readily identify, investigate and summarize notable risk trends that are to inevitably escalated (as appropriate) to management
Preferred Qualifications
- FRM, PRMIA, or CFA