Risk Analyst

About the Company

RBC Royal Bank is a global financial institution with a purpose-driven approach to delivering leading performance. As one of Canada’s largest banks, we are committed to helping our clients thrive and communities prosper. We offer a comprehensive range of financial services, including personal and commercial banking, wealth management, insurance, investor services, and capital markets products and services globally. Join a team where your work makes a difference and helps shape the future of finance.

Job Description

We are seeking a highly motivated and analytical Risk Analyst to join our dynamic team in Vancouver, British Columbia. In this role, you will be instrumental in identifying, assessing, and mitigating various risks across our operations, ensuring the stability and security of our financial services. You will work closely with different business units to develop and implement robust risk management strategies, provide insightful analysis, and contribute to a strong risk culture within the organization. This position offers a unique opportunity to grow your expertise in a leading financial institution.

Key Responsibilities

• Conduct comprehensive risk assessments and analyses across various business functions and products.
• Develop and maintain risk models, methodologies, and frameworks to quantify and monitor risk exposures.
• Prepare detailed risk reports and presentations for senior management and regulatory bodies.
• Monitor emerging risks and trends, providing proactive recommendations for mitigation strategies.
• Collaborate with business units to implement risk controls and ensure compliance with internal policies and external regulations.
• Support the development and implementation of risk management policies and procedures.
• Participate in stress testing, scenario analysis, and capital adequacy assessments.
• Contribute to the continuous improvement of risk management processes and tools.

Required Skills

• Minimum 3 years of experience in a risk management, financial analysis, or related role within the financial services industry.
• Strong analytical and problem-solving skills with the ability to interpret complex data.
• Proficiency in risk modeling techniques and data analysis tools (e.g., Excel, SQL, Python, R).
• Solid understanding of financial products, markets, and regulatory environments (e.g., OSFI guidelines).
• Excellent written and verbal communication skills for presenting complex information clearly and concisely.
• Ability to work independently and collaboratively in a fast-paced environment.
• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.

Preferred Qualifications

• Master's degree or professional certifications such as FRM, CFA, PRM.
• Experience with specific risk management software or platforms.
• Knowledge of advanced statistical techniques for risk assessment.

Perks & Benefits

• Competitive salary and performance-based bonuses.
• Comprehensive health, dental, and vision insurance.
• Generous paid time off and flexible work arrangements.
• Retirement savings plan with company match.
• Opportunities for professional development and career growth.
• Employee assistance programs and wellness initiatives.
• Discounted banking services and employee share purchase program.

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