Associate Director - Market Risk

Job Opportunity The Market & Counterparty Credit Risk (MCCR) group is responsible for defining and implementing an effective risk framework and governance structure for RBC & its subsidiaries and the combined U.S. operations of RBC. RBC is seeking a strong candidate to join its MCCR team, specifically for Comprehensive Capital Analysis and Review (CCAR) Market Shock and other regulatory compliance. In particular, the incumbent's core responsibilities are to contribute to the governance and successful execution of the CCAR Global Market Shock (GMS) / Internal Market Shock (IMS) components (Counterparty Default Loss, CVA, Trading MtM and IDR). The Candidate Will Execute the build-out of GMS stress testing capabilities for the US IHC, including scenario application, loss calculation, and results production, with deep involvement in the underlying technical implementationDesign, develop, and maintain data feeds and data pipelines supporting the GMS stress testing process, including sourcing, transformation, validation, and reconciliation of inputs across asset classesIdentify and implement infrastructure enhancements to the GMS calculation environment, including tooling improvements, process automation, and UI development to reduce manual intervention and increase scalabilityPartner with IT to define technical requirements, perform UAT, and validate system changes; troubleshoot data quality issues and drive resolution across upstream and downstream systemsSupport the development and maintenance of governance documentation, including methodology papers, system lineage diagrams, and process flows required for regulatory compliance and audit readinessContribute to the preparation of materials for FRB engagements, senior management, and internal risk committees; support regulatory examinations and internal audits as required Must-have Bachelor's degree in Finance, Engineering, Computer Science, or a quantitative field; advanced degree preferred57 years of experience at an investment bank in CCAR stress testing, Market Risk Capital, or a quantitative/technology function with direct exposure to regulatory capital processesStrong working knowledge of GMS and IMS stress testing methodologies, including scenario construction, position identification, and loss aggregationAdvanced proficiency in Python and SQL, with demonstrated experience building and maintaining data pipelines, automation tools, and analytical frameworks in a production environmentHands-on experience with data feed onboarding and data infrastructure development, including sourcing and transforming risk and position data across multiple asset classesFamiliarity with market risk platforms and BI tools (Tableau, OBI); experience working within complex, multi-system technology environmentsUnderstanding of financial products across rates, credit, equity, and their representation in risk and stress testing systemsStrong analytical and problem-solving skills, with a rigorous approach to data quality, results validation, and process controlsClear written and verbal communication skills, with the ability to document technical processes and present findings to senior stakeholdersAutonomous and detail-oriented; comfortable operating in a fast-paced build environment with evolving requirements and regulatory deadlines What's in it for you? A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.Leaders who support your development through coaching and managing opportunities.Ability to make a difference and lasting impact.Work in a dynamic, collaborative, progressive, and high-performing team.Opportunities to do challenging work.Opportunities to build close relationships with clients. The expected salary range for this particular position is $120,000-$200,000 (New York), depending on your experience, skills, and registration status, market conditions and business needs. You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals. Role RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that: Drives RBC's high-performance cultureEnables collective achievement of our strategic goalsGenerates sustainable shareholder returns and above market shareholder value Job Skills: Decision Making, Financial Instruments, Group Problem Solving, Market Risk, Performance Management (PM), Resource Coordination, Risk Management, Waterfall Model Location: BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET: NEW YORK