What is the opportunity?

As an Analyst within RBC’s Resource Management Group, you will bring your strong attention to detail, strong quantitative skills, advanced interpersonal and communication skills to the table as you build and maintain long-term relationships with clients and internal partners alike.

Resource Management Group (RMG) is responsible for pricing the secondary counterparty related risks (CVA, FVA, KVA and ColVA) of all derivative asset classes globally, and managing the exotic hybrid trading book that results from these aspects of derivatives trades.  As the complexity of pricing and managing derivatives continues to increase, RMG is looking to attract talented individuals to contribute to the development of the team and of RBC’s all around expertise in derivatives.

What will you do?

• Pricing of CVA, FVA and KVA for all derivative asset classes in RBC’s businesses globally
• Work closely with our sales and trading partners to ensure full understanding of inherent secondary risks
• Run on desk processes related to pricing of derivatives and generation and management of XVA risks
• Increase the efficiency of the desk through improvements in tactical processes
• Liaise with our Quant team to maximize practical utilization of available functionality
• Proactively identify operational risks/control deficiencies in the business
• Review and comply with Firm policies application to your business activities
• Escalate operational risk loss events, control deficiencies and risks that you identify to your line manager and the relevant risk and control functions promptly

What do you need to succeed?

Must-have:

• Completed a university undergraduate degree with focus on engineering, mathematics, economics or equivalent
• Superior communications skills, with ability to work well in a dynamic team environment
• Operational experience within Capital Markets

Nice to have:

• Knowledge of XVA/all aspects of derivative pricing including related aspects of regulations (Basel III, IV, etc)
• Programming skills in VBA, C++ or similar
• Experience in Bloomberg or other trading floor systems

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.

• Opportunity to liaise with internal trading desks, Quants, IT, risk management and PnL functions to ensure accurate CVA and FVA calculation
• Work on complex projects which will directly impact the Risk and PnL of the business
• To be an integral part of the strategic development of the desk through related project based work

About RBC
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We employ approximately 86,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 39 other countries. For more information, please visit rbc.com.

Diversity and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status or any other legally-protected factors.

JOB SUMMARY

City:  Toronto
Address:  200 Bay St South Tower
Work Hours/Week:  37.5
Work Environment:  Trading Floor
Employment Type:  Permanent
Career Level:  Experienced Hire/Professional
Pay Type:  Salaried
Required Travel (%):  0
Exempt/Non-Exempt:  N/A
People Manager:  No
Job Posting End Date:  01/25/2022
Req ID:  442818