Director, Market Risk (Flow Products) - Capital Markets

Job Summary

Job Description

What is the opportunity?

This role has primary responsibility for overseeing the market risk arising out of select RBC Capital Markets, Europe businesses.

These businesses include Debt Capital Markets, Treasury Services, Spread (Investment Grade and Leveraged Credit), Fixed Income Repo and Flow Rates Europe.

The incumbent will lead a team of risk manager(s)/risk analyst(s) to promote a Best of Class risk oversight environment, developing the team and providing opportunities for growth.

They will be expected to lead and introduce processes/system improvements as necessary to ensure GRM Market Risk remains aligned with the growing and evolving business model within Europe.

Leadership, influence, consensus-building skills, and vision are required.

What will you do?

Risk Oversight and Analytics

• Lead and develop a team by setting direction, driving change, and generating new ideas, while mastering the technical details (models, parameters, and Greeks) of products in scope for business lines covered.
• Demonstrate expertise in Rates/Credit products and the markets in which they trade.
• Lead the market risk reporting processes and ensure timely and accurate reporting of all relevant risk metrics by the team.
• Oversee improvements in daily risk reporting tasks using a combination of VBA/SQL/Python programming languages.
• Pro-actively update senior stakeholders on market developments, book-size/composition changes, and risk dynamics, including at senior risk forums and regional or global MCCR meetings.
• Produce clear analysis for consumption by senior management, including technical memos and committee/forum participation.
• Provide quantitative analysis and recommendations regarding new products and trading strategies to ensure they are in line with RBC Capital Markets risk tolerance and appetite (New Business Committee/Supplemental Pool).
• Demonstrate a strong understanding of MCCR policies and procedures, along with Enterprise Market Risk system connectivity and data flow for all trading desks covered.

Limit Monitoring

• Ensure all relevant risk metrics are monitored through the current reporting process. This includes a deep understanding of stress scenarios to ensure all risk metrics are appropriately shocked.
• Ensure all trading and banking books under each desk are captured in risk reporting as appropriate.
• Ensure all limit breaches are investigated, tracked, and reported.
• Work with trading to ensure adherence to bank risk appetite, including limits and compliance with limit framework.
• Provide senior management with analysis and recommendations on any risk limit extensions.

Risk Measurement

• Lead the LMR team in the transition of risk reports to new technology platforms (RiskMod) for relevant desks.

What do you need to succeed?

Must have:

• A strong quantitative degree or similar/equivalent.
• Expert knowledge of Interest Rate and Credit Derivatives.
• Deep experience working in European Rates and Credit markets.
• Excellent written and oral communication skills.
• Able to articulate ideas, thought processes, and recommendations confidently and rationally to senior audiences.
• Proficient in VBA/C++/Python.
• Strong experience working in a technical market risk function or similar, with experience in:

1. Value-at-Risk measurement
2. Stress testing and scenario analysis
3. Greeks Sensitivity analysis

Nice to have:

• Strong leadership skills and vision.
• Proven record of leading a team and delivering value-added results.

What is 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, flexible benefits, and competitive compensation.
• Leaders who support your development through coaching and managing opportunities.
• Opportunities to work with the best in the field.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• A world-class training program in financial services.
• Flexible working options fully supported.

Agency Notice

RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pays fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.

Job Skills

Business Analytics, Derivatives, Effectiveness Measurement, Investment Banking Analysis, Long Term Planning, Market Analysis, Market Risk, Results-Oriented, Risk Management

Additional Job Details

Address: 100 BISHOPSGATE:LONDON

City: London

Country: United Kingdom

Work hours/week: 35

Employment Type: Full time

Platform: GROUP RISK MANAGEMENT

Job Type: Regular

Pay Type: Salaried

Posted Date: 2025-03-31

Application Deadline: 2025-04-14

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

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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