WINTER 2022 CO-OP: Credit/Risk Analyst, Winter 2022 Student Opportunities

  • Location: Toronto, Ontario (VIRTUAL)
  • Deadline: October 24, 2021 at 4:00 pm

Credit/Risk Analyst, Winter 2022 Student Opportunities

Toronto, Ontario, Canada

What is the opportunity?

Are you interested in the opportunity to work as a Credit/Risk Analyst student? If you are a student who has a combination of experience that demonstrates mastery of data analytics, math, computer science, financial engineering, modelling, statistics, or complex problem solving– by applying to this job posting, you will be considered for positions available across the Group Risk Management group, specifically in the following areas!

  • Enterprise Model Risk
  • Global Risk Analytics
  • Enterprise Credit Stress Testing
  • Market Risk
  • Balance Sheet Risk
  • Wholesale Credit Risk
  • Counterparty Credit Risk

Enterprise Model Risk team is looking for a student that will work with the Credit Models and Methodology team. They are responsible for developing and maintaining models in compliant with various (regulatory) programs, including IFRS 9, CECL, CCAR, Basel AIRB, EWST. These models are used to predict the bank’s credit losses to help bank keep a reserve, or allowance so that bank can continue to operate with incurred credit losses. This includes support work related to models and advanced applications with a focus on credit risk.

Enterprise Wide Stress Testing team is looking for individuals that have a mix of strong quantitative and problem solving skills, communicate well and are able to work through complex and ambiguous challenges. The team primarily is responsible for considering the impact to CET1 capital ratios by running a number of stress scenarios across all risk types.   Within the credit stress testing team, they focus on the impact to credit losses in the retail and wholesale books.

Global Risk Analytics team is the centre of expertise for models used in risk measurement of market and counterparty credit risk. GRA Risk Methodology team is pioneering of applying machine learning (ML) techniques for risk management in RBC.  In particular, GRA owns the ML models for OSFI reporting regarding large exposure framework (LEF). LEF model uses NLP and ML techniques to extract significant economic relationship among RBC clients from bank’s credit documents and then aggregates the RBC exposures and report to OSFI.

Market Risk team provides independent and effective on-site monitoring, controlling and communicating on the nature and extent of all material market and trading credit risks and to ensure the implementation of and compliance with risk management policies and procedures. The incumbent will lead in developing and promoting a “Best in Class” risk oversight environment for the market risk associated with RBC’s Counterparty Risk Trading business and activities.

Balance Sheet Risk team has an enterprise-wide mandate, and is RBC’s second line of defence in the management of both trading and non-trading market risk. Through direct oversight (Head Office Corporate Treasury, Treasury Services, and the Central Funding Group) or through advice-and-counsel to global GRM teams, GRM-BSR ensures independent monitoring of risk quantification and mitigation activities related to Interest Rate Risk in the Banking Book, Liquidity Risk, and market risk impacts arising from Capital Markets, Insurance, Pensions and Wealth Management exposures.

Wholesale Credit Risk team provides risk assessment and adjudication for complex Capital Markets transactions.  Through effective analysis of business and financial risk, GRM – Credit establishes borrower risk ratings and evaluates proposed client strategies and credit requests in order to provide comprehensive transactional analysis and approval recommendations. he analyst will have responsibility for analyzing and rating Investment Managers and Fund borrowers to whom RBC extends credit and adjudicating vanilla lending and trading transactions from Corporate Banking and Institutional Client & Credit Management (“ICCM”) teams.

Counterparty Credit Risk team is looking for a student that will be mainly responsible for performing risk reporting processes to produce daily/weekly and other ad-hoc reports in margin lending, security lending and portfolio analysis. The student will also be responsible for providing quantitative support in OTC derivative transaction credit sizing by simulating potential future exposure, margin loan transaction credit adjudication process by assessing the market and liquidity risk profile of collateral or margined assets. Finally, the candidate will provide support in the automation and improvement of existing processes and reporting under the guidance of senior risk managers.

What will you do?


  • Currently pursuing a Master’s/PHD program with a focus in Statistics, Finance, Engineering, Economics, Business Administration, Computer Science, Physics or related quantitative discipline.
  • Knowledge of market risk, derivative credit risk, including: Value-at-Risk measurement and back-testing, stress testing and scenario analysis, sensitivity analysis and p/l decomposition, derivative pricing, potential future exposure calculation
  • Self-motivated individual with a high level of analytical capabilities and attention to detail
  • Knowledge of markets and products including equity, bond, structured products as well as current and upcoming regulatory/compliance requirements
  • Excellent written and oral communication skills
  • Excellent team player with strong interpersonal skills
  • Ability to work under pressure and against tight deadlines
  • R and Python programming skills
  • Good command of Excel, VBA programming and SQL


  • CFA or FRM an asset
  • Previous experience in credit risk/risk in a financial institution is an asset
  • Tableau

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.

  • 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 and make a difference
  • Opportunities to building close relationships

We encourage you to apply as soon as possible as we accept applications on a rolling basis. 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.

While there is no one date when our employees will return, we can confirm that the majority of the Work Integrated Learning | Co-op positions will start working remotely, however may transition to working at an RBC office as essential service restrictions are lifted.

Head Office HO2021 – Siège social

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 have over 80,000 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 37 other countries. For more information, please visit

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Inclusion 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, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.