Risk Analyst

About the Company

RBC is a global financial institution with a purpose-driven, principled approach to delivering leading performance. Our success comes from the 86,000+ employees who leverage their imagination and insights to bring our vision to life every day. We offer a broad range of personal and commercial banking, wealth management, insurance, investor services and capital markets products and services. Recognized as one of Canada’s Best Diversity Employers, we foster an inclusive culture where every voice is heard and valued.

Job Description

As a Risk Analyst at RBC, you will play a critical role in identifying, assessing, and mitigating financial and operational risks across various business lines. You will be responsible for conducting quantitative and qualitative risk analyses, developing risk models, and preparing comprehensive reports for senior management. This position requires a proactive individual with strong analytical skills, attention to detail, and the ability to communicate complex risk concepts clearly and concisely.

Key Responsibilities

• Conduct in-depth risk assessments and analyses of various financial products, portfolios, and operational processes.
• Develop, validate, and maintain risk models (e.g., credit risk, market risk, operational risk) using statistical tools and programming languages.
• Monitor key risk indicators and report on emerging risks and trends to relevant stakeholders.
• Prepare detailed risk reports, presentations, and dashboards for senior management and regulatory bodies.
• Collaborate with business units to implement effective risk management strategies and controls.
• Ensure compliance with internal risk policies, regulatory requirements, and industry best practices.
• Participate in the enhancement of existing risk frameworks and the development of new risk methodologies.
• Support 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 3 years of experience in risk management, financial analysis, or a similar role within the financial services industry.
• Strong understanding of risk management principles, financial instruments, and regulatory environments (e.g., Basel III, OSFI guidelines).
• Proficiency in data analysis tools and languages (e.g., Excel, SQL, Python, R).
• Excellent analytical, problem-solving, and critical thinking skills.
• Ability to communicate complex information effectively, both verbally and in writing.
• Proven ability to work independently and as part of a team in a fast-paced environment.

Preferred Qualifications

• Master's degree or professional certification (e.g., FRM, CFA) is a strong asset.
• Experience with risk modeling software and platforms.
• Knowledge of specific financial products like derivatives, foreign exchange, or credit products.
• Fluency in French and English (written and spoken).

Perks & Benefits

• Competitive salary and performance-based bonuses.
• Comprehensive health, dental, and vision insurance.
• Employer-matched pension plan.
• Generous paid time off and holidays.
• Tuition reimbursement and professional development opportunities.
• Employee wellness programs and services.
• Employee banking benefits and discounts.
• Opportunities for career growth and internal mobility.

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