Risk Analyst

About the Company

RBC (Royal Bank of Canada) is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 89,000+ employees who leverage their imagination and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s largest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and digital transformation. We’re committed to making a difference in the lives of our clients and in the communities where we live and work.

Job Description

We are seeking a highly analytical and detail-oriented Risk Analyst to join our dynamic team in Montreal. In this role, you will play a critical part in identifying, assessing, and mitigating various financial risks across our operations. You will be responsible for developing and implementing risk models, performing quantitative analysis, and providing insights to support strategic decision-making. This is an excellent opportunity for a professional looking to contribute to a leading financial institution and grow their career in risk management.

Key Responsibilities

• Conduct comprehensive risk assessments across various business units and financial products.
• Develop, implement, and validate quantitative risk models for market, credit, and operational risks.
• Monitor key risk indicators and report on emerging trends and potential exposures.
• Prepare detailed risk reports and presentations for senior management and regulatory bodies.
• Collaborate with internal stakeholders to ensure compliance with risk policies and regulatory requirements.
• Provide analytical support for stress testing, scenario analysis, and capital planning initiatives.
• Contribute to the continuous improvement of risk management frameworks and methodologies.

Required Skills

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Proven experience in risk management, quantitative analysis, or a similar analytical role within the financial industry.
• Strong understanding of financial products, markets, and risk management principles.
• Proficiency in statistical software (e.g., R, Python, SAS) and data analysis tools (e.g., SQL, Excel).
• Excellent analytical, problem-solving, and critical thinking skills.
• Ability to communicate complex risk concepts clearly and concisely to diverse audiences.
• Detail-oriented with a high degree of accuracy.

Preferred Qualifications

• Master's degree or higher in a quantitative discipline.
• Professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst).
• Experience with regulatory frameworks (e.g., Basel III, OSFI guidelines).
• Familiarity with financial modeling and simulation techniques.
• Bilingualism (English and French) is a strong asset for our Montreal office.

Perks & Benefits

• Competitive salary and performance-based bonuses.
• Comprehensive health, dental, and vision insurance.
• Generous paid time off and flexible work arrangements.
• Robust retirement savings plan with company matching contributions.
• Opportunities for professional development and continuous learning.
• Employee wellness programs and mental health support.
• Access to a wide range of employee banking benefits and discounts.
• Dynamic and inclusive work environment with a strong corporate culture.

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