Royal Bank of Canada

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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

GRM, Risk Analyst Intern

Job Description

What will you do?

• Provide timely accurate and complete market risk reporting and analysis by taking ownership of the end to end processes that facilitate your reporting stream.
• Understand, analyze and communicate the drivers, trends of risks for RBC and key sub-portfolios, and provide context therein with respect to changes in the market risk profile
• Maintain a thorough understanding of the methodologies used for Value at Risk (VaR), Stressed VaR, Specific Risk (SR), and Stress Testing
• Perform VaR model backtest analysis, evaluate and explain VaR model performance under changing market cycles and environments
• Provide research and recommendations to support the implementation of new risk models and stress scenarios
• Partner with colleagues from risk teams to develop analytical tools and deliver risk insights on an ad-hoc basis in a timely manner
• Participate in the upcoming FRTB related project such as redesigning risk reporting, reconciling hierarchy etc.
• Must Have:
• Be in the process of completing their master degree, or in 3rd or 4th year of an undergraduate program in a quantitative field such as Finance & Economics and Mathematics etc.
• Familiar with traded products including derivatives and their associated risks.
• Familiar with market risk related terminologies.
• Strong interpersonal skills and analytical skills.
• Organizational skills and ability to prioritize activities.
• Experienced with MS Excel, database access such as MS Access or SQL.
• Familiar with Python, data virtualization tools
• Nice to Have:
• Strong knowledge in Python programing and data virtualization tools such as Tableau and Power BI.
• Working towards CFA, FRM or other related professional qualifications.
• Good understanding of financial markets and trading businesses, both exchange traded and over the counter markets.

Job Summary

As Risk Analyst, Enterprise Market Risk Reporting & Analysis, you ensure that market risk exposures are provided to all stakeholders in a timely and accurate manner. The Risk Analyst role provides an outstanding opportunity for you to apply big picture thinking and quantitative skills in explaining key risk factors, while highlighting material developments and trends as measured against risk limits. You will provide subject matter expertise in understanding the aggregate enterprise level risk profile from changes in the market, business lines, and risk models, as well as maintaining and enhancing a top-tier risk control infrastructure.

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Group Risk Management

Job Type:

Student/Coop (Fixed Term)

Pay Type:

Salaried

Posted Date:

2023-09-15

Application Deadline:

2023-10-06

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.

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