Associate Director - Market Risk

Overview RBC’s Market & Counterparty Credit Risk (MCCR) group is responsible for defining and implementing an effective risk framework and governance structure for RBC and its subsidiaries, including the combined U.S. operations. The role focuses on Comprehensive Capital Analysis and Review (CCAR) Market Shock and other regulatory compliance. The incumbent will contribute to the governance and execution of the CCAR Global Market Shock (GMS) / Internal Market Shock (IMS) components, including Counterparty Default Loss, CVA, Trading MtM and IDR. Responsibilities Execute the build‑out of GMS stress testing capabilities for the US IHC, including scenario application, loss calculation, and results production, with deep involvement in the underlying technical implementation. Design, develop, and maintain data feeds and data pipelines supporting the GMS stress testing process, including sourcing, transformation, validation, and reconciliation of inputs across asset classes. Identify and implement infrastructure enhancements to the GMS calculation environment, including tooling improvements, process automation, and UI development to reduce manual intervention and increase scalability. Partner with IT to define technical requirements, perform UAT, and validate system changes; troubleshoot data quality issues and drive resolution across upstream and downstream systems. Support the development and maintenance of governance documentation, including methodology papers, system lineage diagrams, and process flows required for regulatory compliance and audit readiness. Contribute to the preparation of materials for FRB engagements, senior management, and internal risk committees; support regulatory examinations and internal audits as required. Requirements Bachelor’s degree in Finance, Engineering, Computer Science, or a quantitative field; advanced degree preferred. 5–7 years of experience at an investment bank in CCAR stress testing, Market Risk Capital, or a quantitative/technology function with direct exposure to regulatory capital processes. Strong working knowledge of GMS and IMS stress testing methodologies, including scenario construction, position identification, and loss aggregation. Advanced proficiency in Python and SQL, with demonstrated experience building and maintaining data pipelines, automation tools, and analytical frameworks in a production environment. Hands‑on experience with data feed onboarding and data infrastructure development, including sourcing and transforming risk and position data across multiple asset classes. Familiarity with market risk platforms and BI tools (Tableau, OBI); experience working within complex, multi‑system technology environments. Understanding of financial products across rates, credit, equity, and their representation in risk and stress testing systems. Strong analytical and problem‑solving skills, with a rigorous approach to data quality, results validation, and process controls. Clear written and verbal communication skills, with the ability to document technical processes and present findings to senior stakeholders. Autonomous and detail‑oriented; comfortable operating in a fast‑paced build environment with evolving requirements and regulatory deadlines. Benefits Competitive compensation ranging from \$120,000 to \$200,000 (New York) with potential for discretionary variable compensation based on business performance. Comprehensive Total Rewards Program including 401(k) with company matching, health, dental, vision, life, disability insurance, and paid‑time off. Opportunities for professional development through coaching and mentoring. Dynamic, collaborative, and high‑performing team environment. Meaningful impact on regulatory compliance and risk management processes. Location: BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET, NEW YORK, United States of America. #J-18808-Ljbffr RBC