2024 Fall - GRM, Risk Analyst - Enterprise Market Risk Stress Testing Intern (4 Months)

The role of the Market Risk Stress Testing team is to ensure that the link between the current market environment across all asset classes and RBC's market risk profile is established, understood, and managed effectively. The team develops, implements, and analyzes stress scenarios to provide senior management, business heads, and regulators with views on market risk concentrations and capital adequacy.

As Risk Analyst, you are responsible for contributing to the team's mandate, including the continued design and development of tools to streamline the stress testing processes.

What is the opportunity?
The role of the Market Risk Stress Testing team is to ensure that the link between the current market environment across all asset classes and RBC's market risk profile is established, understood, and managed effectively. The team develops, implements, and analyzes stress scenarios to provide senior management, business heads, and regulators with views on market risk concentrations and capital adequacy. As Risk Analyst, you are responsible for contributing to the team's mandate, including the continued design and development of tools to streamline the stress testing processes.

What will you do?

Participate in the scenario design process including identifying all material market risks, appropriately calibrating stress shocks, and reviewing and challenging scenario designs approaches and assumptions. • Provide timely, accurate, and complete stress risk reporting and analysis. • Collaborate with colleagues to design and develop tools to automate and streamline stress testing processes. • Gather findings and results of stress tests, methodology changes, and system changes for internal review committee.

What do you need to succeed?

Must-have
• Relevant experience in a credit or market risk function including:
o Stress testing and scenario analysis
o Sensitivity analysis
• Strong understanding of financial markets and trading businesses, both exchange traded and over the counter markets.
• Thorough knowledge of traded products including derivatives and their associated risks
• Proficient in Microsoft Office, Bloomberg, Tableau, SQL, and VBA
• Strong knowledge of programming languages, preferably Python
• Excellent communication and problem-solving skills.

Nice-to-have
• MBA, MA or MS or equivalent with emphasis in finance, economics or a quantitative discipline.

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.
• Network and build lasting relationships with students from diverse backgrounds from across Canada
• Leaders who support your development through coaching and learning opportunities
• Work in a dynamic, collaborative, progressive and highly performing team
• Ability to make a difference and lasting impact
• Enjoy a comfortable work environment with the option to dress casually

Please note: This posting is for a 4-months Fall 2024 Student placement with a start date of September 2024, and end date of December 2024. In order to be eligible for this 4-months Student position, you must either:

• Be returning back to school after the work term end-date of December 2024 ; or
• If you are not returning back to school (i.e. are graduating in December 2024), you must require the full 4-months work term as a mandatory component to in order to graduate successfully.

Please ensure that you meet these eligibility requirements before applying - candidates who apply but are found to be ineligible are not able to be considered.

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is June 3, 2024. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangements for this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.

ET24

Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Market Risk, Personal Development, Stress Testing, Taking Initiative

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTStudent/Coop (Fixed Term)Salaried2024-05-072024-06-03

Inclusion and Equal Opportunity Employment