Market Risk Manager Jobs in Toronto, ON (NOW HIRING)

What is the opportunity?

Group Risk Management is responsible for providing independent and objective oversight of the management of significant risks arising from RBC's businesses and operations, supported by comprehensive risk management frameworks, policies and practices, robust risk management systems, and experienced professionals. Key internal and external stakeholders rely on the effective execution of GRM accountabilities. The roles and responsibilities of the various internal stakeholders in the ownership, monitoring, escalation and oversight of risks are captured in RBC's Enterprise Risk Management Framework and supporting risk-specific frameworks.

Reporting to the Director, GRM - Wealth Management North America, the incumbent is responsible for various risk oversight and governance activities in for Wealth Management Canada business lines (Direct investing, retail brokerage and Advisory, Trust and Estate") with focus on risk identification and assessment via execution of risk reporting, risk policies, credit portfolio management and perform risk oversight activities for cash related balance sheet related risk themes like liquidity and Interest rate risk. The individual will manage 1 direct report and collaborate with internal stakeholders and risk centers of governance (CoG) to promote a "Best of Class" risk monitoring and oversight environment covering financial and non-financial risks.

What will you do?

Risk Governance & Oversight

• Oversees the measurement, aggregation, and monitoring of portfolio risks undertaken by Wealth Management Canada, including Market Risk, Credit Risk, Liquidity Risk, Balance Sheet Risk, Operational Risk, Cyber Risk, IT Risk, and Third-Party Risk.

• Ensures material risks are clearly identified, assessed, and reported to executive committees; works with Centers of Governance to ensure timely remedial actions are taken.

• Produces and presents enterprise risk reporting to senior level management committees, risk committees, and boards; provides strategic challenge and insights.

• Manages, monitors, and tests risks and risk controls within the parameters of the risk control framework for Wealth Management Canada.

• Contributes to the development of risk policies and establishes risk tolerance limits in conjunction with the business and other risk teams, ensuring policies and limits remain current, comprehensive, and clearly understood by all business partners.

• Positions Wealth Management Canada to respond effectively to changing regulatory requirements related to risk management, business developments, and market developments that impact the risk profile of Wealth Management Canada business lines.

Risk Strategy & Appetite

• Leads evolution and calibration of WM Canada's risk appetite statement; monitors and reports performance against approved measures and thresholds to senior committees and boards.

• Oversees and supports alignment of business strategy and risk appetite across Wealth Management Canada businesses through effective oversight and challenge in key committees, including the Product Risk Committee, High Risk Committee, and Credit Retail Committees.

• Acts as a key GRM Wealth Management representative on critical enterprise risk strategic initiatives impacting Wealth Management Canada, encompassing regulatory developments, broader Wealth Management business developments, enterprise initiatives, and special projects.

Business Enablement

• Serve as the primary point of contact and trusted advisor for WM Canada business units on all matters related to risk identification, mitigation, and control. Build and maintain strong relationships with key stakeholders across the division to foster trust, facilitate open communication, and enable effective risk governance.

• Facilitates business growth through review and assessment of new products, strategies, and significant deals, ensuring risks align with RBC's risk tolerance while recommending and implementing appropriate risk mitigating controls.

• Proactively investigates risks and performs deep-dive analysis to provide clear, comprehensive insights to senior management on risk trends and concerns, influencing decision-making at senior leadership levels.

What do you need to succeed?

Must-have

• Strong proficiency in Microsoft PowerPoint (presentation design, storytelling) and Excel (data analysis, reporting templates).

• 8+ years experience in financial services with 3+ years of related experience in an enterprise or specialist risk control function (eg market risk, credit risk, liquidity risk, capital or operational risk).

• Proven communication skills (both writing and verbal)

• Ability to prioritize in a fast moving, high pressure, changing environment.

Nice-to-have

• MBA, MA, MS or equivalent with emphasis in finance, risk management, data science, or a quantitative discipline is preferred.

• Working knowledge in wealth management and custody and the associated products, offerings, and risks.

• 1 or more Financial Designations (ie CFA, FRM, CSC, CPA, etc)

• Experience with Python, SQL, Tableau, PowerBI or other data visualization tools.

• Working experience presenting to senior level audiences

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 include competitive compensation and flexible benefits.

• 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.

You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

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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Job Skills

Additional Job Details

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.