Risk Analyst

About the Company

RBC Royal Bank is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 92,000+ employees around the world who bring our vision to life – to 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 providing exceptional experiences to our 17 million clients. We are committed to fostering an inclusive and diverse workplace where every individual can thrive and contribute to our collective success.

Job Description

We are seeking a highly motivated and analytical Risk Analyst to join our dynamic team in Montreal. In this role, you will be instrumental in identifying, assessing, and mitigating various financial and operational risks across the organization. You will leverage your quantitative skills to analyze complex data, develop risk models, and provide insightful recommendations to support strategic decision-making. This is an excellent opportunity for a professional with a strong understanding of risk management principles and a desire to contribute to the stability and growth of a leading financial institution.

Key Responsibilities

• Conduct comprehensive risk assessments and analyses across various business units and portfolios.
• Develop and maintain risk models, including stress testing and scenario analysis, to quantify potential exposures.
• Monitor key risk indicators (KRIs) and produce regular risk reports for management and regulatory bodies.
• Collaborate with internal stakeholders to implement risk mitigation strategies and controls.
• Support the design and implementation of new risk management frameworks and policies.
• Stay abreast of industry trends, regulatory changes, and emerging risks to ensure proactive risk management.
• Prepare detailed documentation of risk assessments, methodologies, and findings.

Required Skills

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• 3+ years of experience in risk management, financial analysis, or a similar analytical role within the financial services industry.
• Strong analytical and problem-solving skills with the ability to interpret complex data sets.
• Proficiency in risk modeling techniques and statistical analysis tools (e.g., Excel, Python, R, SAS).
• Excellent communication skills, both written and verbal, for presenting complex information to diverse audiences.
• Demonstrated understanding of financial products, markets, and regulatory requirements.
• Ability to work independently and collaboratively in a fast-paced, dynamic environment.

Preferred Qualifications

• Master's degree or professional certification (e.g., FRM, CFA) is a strong asset.
• Experience with risk management software and platforms.
• Knowledge of specific regulatory frameworks (e.g., Basel III, OSFI guidelines).
• Bilingualism (English and French) is highly desirable given the Montreal location.

Perks & Benefits

• Competitive salary and performance-based bonuses.
• Comprehensive health, dental, and vision insurance.
• Generous paid time off and flexible work arrangements.
• Company-matched pension plan.
• Tuition reimbursement and professional development opportunities.
• Employee stock purchase plan.
• Wellness programs and employee assistance program.
• Vibrant and inclusive company culture.
• Opportunities for career growth and advancement within a global organization.

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