You will be joining the Counterparty Credit Risk (CCR) team in London, with the Group Risk Management (GRM) function of the Royal Bank of Canada.
You will be part of a dynamic team with presence in London, Toronto, New York, Singapore and Sydney.
The CCR London team is responsible for monitoring, analysing, credit-sizing and reporting on counterparty credit risk exposures stemming from the European trading activity within RBC Capital Markets, RBC IS Trust, and RBC Wealth Management in Channel Islands.
You will be providing independent oversight for counterparty credit risks arising from RBC Capital Markets and RBC IS Trust activities in Europe.
The role covers a wide range of products including - but not limited to - Derivatives (Interest Rates, FX, Equities, Credit), Inventory, Money Markets and Centrally Cleared products.
RBC's expectation is that from mid-September 2025, all employees and contractors will work in the office with some flexibility to work up to 1 day per week remotely, depending on working arrangements.
What will you do?
Ensure trading credit limits are monitored and all excesses are investigated daily and reported in a timely manner. This includes the closure and follow-up of all excesses for
London based Spread Business, Global Equities, Global FX, Treasury Services and RBC IS Trust. For excesses that were not pre-approved, investigate and document limit breach, and present corresponding details and recommendation at MCCR Conduct Committee as required.
Provide timely support to Front Office stakeholders to facilitate trade requests which fall outside of authorized limits and/or Standing Orders, or to answer any other queries related to counterparty credit risk. To that end, you will be required to answer the CCR London hotline provided to Sales and Trading staff at RBC throughout the day.
Provide credit sizing and trade approvals in accordance with Standing Orders and CCR Delegated Authority. For specific requests outside of these authorities, prepare detailed recommendations and escalate requests to Manager, Senior CCR Management and / or Wholesale Credit Risk (WCR) as required.
Ensure assigned reports are completed in a timely manner and in particular that risk reporting is reviewed and well understood. All reports must be assessed for data quality, accuracy, and completeness.
Complete month-end / quarter-end reporting for local and global management committees, and prepare corresponding comments regarding exposure analysis, trends and market events. Present key highlights and concerns at local and global CCR Management forums.
Review and escalate as required any material failed settlements upon notification from BCS.
Participate in review and impact analysis of New Business Initiatives as and when needed, and document recommendation / conditions of approval for Management review.
Assist with the completion of ad hoc or periodic information request related to counterparty risk from Regulators, Senior Management in Front Office, GRM and Regulatory Reporting as required.
What do you need to succeed?
Must-have
Undergraduate or Masters Degree in a technical discipline (such as Math, Finance, Economics or other quantitative discipline) or similar, equivalent.
Extensive Experience in a support function in Capital Markets (Risk Management, Audit, BCS...).
Understanding of Capital Markets trading products and related credit risk concepts (TTL, PFE, MTM, ETCs, etc.).
Strong communication skills (verbal and written) and inter-personal skills.
Strong analytical skills and attention to details.
Desire to work in a fast-paced environment and build on existing capability of prioritising multiple requests /deliverables on short notice (multi-tasking essential).
Incumbent thrives in a team environment and working collaboratively with other stakeholders towards a common goal.
Highly self-motivated.
Excellent problem-solving skills in a high pressured environment.
Very proficient with Microsoft Excel, Power Point, Word.
Be comfortable using a range of trading and credit software applications.
Nice-to-have
Extensive experience in Credit Risk, Counterparty Credit Risk, Market Risk or BCS.
Experience with Python or other programming language
CFA or FRM.
Knowledge of VBA / another coding language
Experience with Bloomberg.
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.
Agency Notice
RBC Group does not accept agency resumes. Please do not forward resumes to our employees, nor any other company location. RBC Group only pay 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 resumes. Please contact the Recruitment function for additional details.
Job Skills
Business Data Analysis, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Long Term Planning, Operational Delivery, Quantitative Methods, 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:
2025-07-25
Application Deadline:
2025-08-08
Note
:
Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I
nclusion
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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