Associate Director - Risk Lead (Regulatory Initiatives)

Job Summary
Job Description
What is the Opportunity?
The Market & Counterparty Credit Risk (MCCR) group is responsible for defining and implementing an effective risk framework and governance structure for RBC & its subsidiaries and the combined U.S. operations of RBC. RBC is seeking a strong candidate to join its MCCR team, for contributing towards Single Counterparty Credit Limits (SCCL) and other regulatory compliance projects. In particular, the incumbent's core responsibilities are to contribute to the design, governance, and successful execution of regulatory projects.
What will you do?

• Review supervisory guidance and industry news to identify FRB & other regulatory requirements, best practices, and trends.
• Review SCCL and LEF regulations and be involved in the full lifecycle of regulatory implementation.
• Work on regulatory interpretation, define detailed business requirements, creating supporting documents, methodology documents, process flow diagrams, system lineage diagrams and other required documentation.
• Perform reconciliation, deep-dive data gap analysis, issue identification, remediation plan creation and track improvements.
• Assist with the planning and execution of the SCCL, coordinating with IT and other teams to drive develop the SCCL calculations and reporting.
• Support the establishment of a regulatory governance framework by collaborating across various teams to define the target operating models, roles & responsibilities, and appropriate process controls.
• Assist in the preparation of presentations/materials and that will be used to present to Committee meetings, FRB meetings.
• Assist in various documentation (requirements, controls, methodology, process, framework etc.)
• Provide support for risk & control self-assessment, internal audit & regulatory exams, as needed.

What do you need to succeed?

• Bachelor's Degree - BS/ Finance or quantitative.
• 5+ years' experience in market or counterparty credit risk or credit risk management.
• Experience with one of the following regulations - SCCL, FRTB, CECL or SA-CCR.
• Experience with the full lifecycle of a regulatory implementation project, from regulatory analysis / interpretation to working with IT to implement requirements.
• Ability to work with SQL and Python or R to perform detailed data analysis.
• Strong abilities in Microsoft Office suite (Excel, PowerPoint, Word)
• Detail-oriented and able to facilitate development of firm-wide risk management framework.
• Communication and analytical capabilities commensurate with independent production of management-ready documentation work products.
• Autonomous & highly motivated with ability to multi-task productively and work independently and collaboratively.
• Ability to accept accountability, assume leadership and demonstrate initiative.
• Ability to work in high pressure environments under tight deadlines.
• Knowledge of trading products and associated risk measures

Note : This is a Hybrid role and the incumbent is expected to work from office a minimum of 3 days a week.
What will help you thrive?

• Specific experience with SCCL or LEF regulations.
• Deep understanding of credit and counterparty credit exposure and underlying analytics
• Knowledge of Programming Language (Python, R) & Business Intelligence tools (Tableau, OBI)
• Knowledge of Market & Counterparty Risk Modelling

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 including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• 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 building close relationships with clients

The good-faith expected salary range for the above position is $110,000 - $190,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
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
Job Skills
Agile Methodology, Business Acumen, Business Data Analysis, Business Process Modeling, Communication, Critical Thinking, Decision Making, Interpersonal Relationship Management, Problem Solving, Requirements Analysis
Additional Job Details
Address:
BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK
City:
New York
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2023-11-07
Application Deadline:
2023-11-08
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.