Risk Analyst

About the Company

Royal Bank of Canada (RBC) is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 86,000+ 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.

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 be instrumental in identifying, assessing, and mitigating financial and operational risks across various business units. You will collaborate with stakeholders to develop and implement robust risk management strategies, ensuring compliance with regulatory requirements and internal policies. This position offers an excellent opportunity to contribute to RBC’s continued success and reinforce our commitment to sound risk practices.

Key Responsibilities

• Conduct comprehensive risk assessments and analyses across different business lines and products.
• Monitor key risk indicators and report on emerging risks and trends to management.
• Develop and maintain risk models and frameworks to quantify and manage various types of risk.
• Assist in the preparation of risk reports, presentations, and dashboards for senior leadership and regulatory bodies.
• Collaborate with internal audit, compliance, and other departments to ensure integrated risk management practices.
• Contribute to the development and implementation of new risk policies, procedures, and controls.
• Participate in ad-hoc risk-related projects and initiatives as required.

Required Skills

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 2-3 years of experience in a risk management, finance, or analytical role within the financial services industry.
• Strong understanding of financial products, markets, and risk management principles.
• Proficiency in data analysis tools (e.g., Excel, SQL, Python, R).
• Excellent analytical, problem-solving, and critical thinking skills.
• Ability to communicate complex information clearly and concisely, both verbally and in writing.

Preferred Qualifications

• Master's degree or professional certification (e.g., FRM, CFA).
• Experience with regulatory frameworks (e.g., Basel, OSFI guidelines).
• Familiarity with risk management software and systems.
• Bilingualism (English and French) is a significant asset.

Perks & Benefits

• Comprehensive health, dental, and vision insurance.
• Competitive retirement savings plan with company match.
• Performance-based bonuses and incentive programs.
• Generous paid time off and flexible work arrangements.
• Opportunities for professional development and career growth.
• Employee assistance programs and wellness initiatives.
• Discounts on RBC banking services and other financial products.

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