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Manager – Counterparty Credit Risk

Manager – Counterparty Credit Risk

CompanyRoyal Bank of Canada
LocationToronto, ON, Canada
Salary$Not Provided – $Not Provided
TypeFull-Time
DegreesMaster’s
Experience LevelJunior, 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