Senior Risk Analyst

About the Company

Royal Bank of Canada is one of Canada’s largest banks, and one of the largest in the world based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have approximately 89,000 full- and part-time employees who serve over 17 million clients in Canada, the U.S. and 27 other countries. At RBC, we are committed to making a positive impact in the communities where we live and work, by fostering economic growth, promoting diversity, and supporting charitable initiatives.

Job Description

We are seeking a highly skilled and experienced Senior Risk Analyst to join our dynamic Enterprise Risk Management team in Vancouver. In this role, you will be instrumental in identifying, assessing, monitoring, and reporting on various financial and non-financial risks across RBC’s diverse operations. The ideal candidate will possess a strong analytical mindset, a deep understanding of risk management frameworks, and the ability to communicate complex risk concepts effectively to stakeholders at all levels. You will contribute to the development and implementation of robust risk strategies, ensuring compliance with regulatory requirements and internal policies.

Key Responsibilities

• Conduct in-depth analysis of credit, market, operational, and strategic risks, providing insights and recommendations to senior management.
• Develop, implement, and maintain risk models, methodologies, and tools to enhance risk assessment capabilities.
• Prepare comprehensive risk reports, dashboards, and presentations for various committees and regulatory bodies.
• Monitor key risk indicators (KRIs) and risk appetite metrics, identifying emerging risks and trends.
• Collaborate with business units and support functions to integrate risk management practices into daily operations.
• Lead and participate in risk assessments, scenario analysis, and stress testing exercises.
• Stay abreast of regulatory changes and industry best practices in risk management.
• Provide mentorship and guidance to junior risk analysts.
• Ensure adherence to RBC's risk framework, policies, and procedures.

Required Skills

• Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
• Minimum of 5 years of experience in risk management within the financial services industry.
• Strong analytical and problem-solving skills, with proficiency in data analysis tools (e.g., Excel, SQL, Python, R).
• Solid understanding of risk management frameworks, regulatory requirements (e.g., Basel III, OSFI guidelines), and financial products.
• Excellent written and verbal communication skills, with the ability to present complex information clearly and concisely.
• Proven ability to work independently and collaboratively in a fast-paced environment.
• Experience with risk modeling and quantitative analysis.

Preferred Qualifications

• Master's degree or professional designation (e.g., FRM, CFA, PRM).
• Experience with risk management software and systems (e.g., SAS, GRC platforms).
• Knowledge of advanced statistical techniques and machine learning applications in risk.
• Prior experience in credit risk, market risk, or operational risk specializations.

Perks & Benefits

• Competitive annual salary and performance-based bonuses.
• Comprehensive health, dental, and vision insurance.
• Generous paid time off and flexible work arrangements.
• RBC pension plan and employee share purchase program.
• Access to extensive professional development and training opportunities.
• Employee assistance program and wellness initiatives.
• Opportunities for career growth within a leading global financial institution.
• Inclusive and diverse work environment.

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