Senior Risk Analyst

About the Company

As one of Canada’s largest banks and a leading financial services company globally, Royal Bank of Canada (RBC) is committed to building a better future. We serve over 17 million clients in Canada, the U.S. and 27 other countries, providing a broad range of financial products and services. At RBC, we believe in supporting our employees’ growth, fostering an inclusive environment, and making a positive impact in the communities where we live and work.

Job Description

We are seeking a highly motivated and experienced Senior Risk Analyst to join our dynamic team in Calgary. In this role, you will be instrumental in identifying, assessing, and mitigating various financial and operational risks across our business lines. You will work closely with different departments to ensure compliance with regulatory requirements, develop robust risk frameworks, and provide strategic insights to senior management. This is an exciting opportunity for a seasoned professional to contribute to RBC’s continued success and reinforce our commitment to sound risk management practices.

Key Responsibilities

• Develop, implement, and maintain advanced risk models and methodologies for credit, market, operational, and liquidity risks.
• Conduct in-depth quantitative and qualitative analysis of risk exposures, trends, and potential impacts.
• Prepare comprehensive risk reports and presentations for senior management, board committees, and regulatory bodies.
• Provide expert advice and support to business units on risk identification, measurement, monitoring, and control.
• Ensure compliance with internal policies, regulatory requirements (e.g., OSFI, Basel), and industry best practices.
• Lead or participate in stress testing scenarios, capital adequacy assessments, and portfolio reviews.
• Evaluate new products, services, and strategic initiatives for potential risk implications.
• Mentor junior risk analysts and contribute to the continuous improvement of risk management processes.

Required Skills

• Minimum 5 years of experience in risk management within the financial services industry.
• Solid understanding of various risk types (credit, market, operational, liquidity).
• Proficiency in statistical analysis tools and risk modeling software (e.g., SAS, R, Python, MATLAB).
• Strong analytical, problem-solving, and decision-making skills.
• Excellent written and verbal communication abilities, with experience presenting complex information to diverse audiences.
• Demonstrated 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 Ph.D. in a quantitative discipline.
• Professional certifications such as FRM, CFA, PRM.
• Experience with large datasets and database management.
• Familiarity with regulatory frameworks specific to the Canadian banking sector.

Perks & Benefits

• Competitive salary and performance-based bonuses.
• Comprehensive health and dental benefits package.
• Generous paid time off and flexible work arrangements.
• Pension plan and employee stock purchase program.
• Opportunities for professional development and career growth.
• Employee discounts on banking products and services.
• Supportive and inclusive work environment.
• On-site fitness facilities and wellness programs.

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