Associate Director, Credit Risk (Regulatory Initiatives)

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, specifically for Single Counterparty Credit Limits (SCCL) and other regulatory compliance. In particular, the incumbent's core responsibilities is to contribute to the design, governance and successful execution of the SCCL project.

What will you do?

• Review SCCL regulation, create detailed business requirements and perform reconciliations - 25%

• Assist with the planning and execution of the SCCL project, coordinating with IT and other teams to drive develop the SCCL calculations and reporting - 20%

• Assist with creating supporting documents, methodology documents, process flow diagrams, system lineage diagrams and other required documentation - 15%

• 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 - 10%

• Assist in the preparation of presentations/materials and that will be used to present to Committee meetings, FRB meetings; - 10%

• Perform gap assessment, issue identification, remediation plan creation and track improvements - 5%

• Coordinate with functions to establish new controls or update existing ones in support of improved process - 5%

• Review supervisory guidance and industry news to identify FRB & other regulatory requirements, best practices, and trends - 5%

• Provide support for risk & control self-assessment, internal audit & regulatory exams, as needed - 5%

What do you need to succeed?

• Bachelor's Degree - BS/ Finance or quantitative preferred

• 5+ years' experience in financial industry, preferably in risk management. Prior market risk / counterparty credit risk / credit risk experience is plus

• Writing and analytical capabilities commensurate with independent production of management-ready documentation work products.

• Detail-oriented and able to facilitate development of firm-wide risk management framework.

• Strong abilities in Microsoft Office suite (Excel, PowerPoint, Word), relational databases such as SQL and Python.

• Strong data analytic skills, verbal, and written communication skills.

• 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.

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 build close relationships with clients

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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Additional Job Details

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