What is the opportunity?

You will be helping in promoting a Best of Class risk oversight environment for the London, Tokyo and Global Structured Interest Rate (SRT) business (interest rate exotic products).

The role has hands-on experience in managing interest rate exotic risks in order to assist Group Risk Management (GRM) and the Business in helping stress-test the SRT trading books and products.

Additionally, the role requires good technical expertise across both interest rate models and IT systems, as you will also be involved in implementing Stress/Regulatory Capital scenarios for SRT globally (in the production environment) and working closely with Group Risk Analytics, Risk IT, and North America GRM to ensure consistency across the platform.

What will you do?

• Run the market risk reporting processes and ensure timely and accurate reporting of all relevant risk metrics by ensuring all limit breaches are correctly tracked and reported and ensuring the trading desk adheres to the bank risk appetite, including limits/thresholds and compliance with limit/stress framework.

• Assist the Director of Structured Products on key projects and deliverables.

• Look at the requirements of any new business activity and ready the SRT Local Market Risk team with the appropriate risk controls and framework ahead of trade commencement.

• Take a keen interest in further enhancements to the daily Single Risk Factor, PCA and ad hoc scenario frameworks that GRM actively uses to assess both positioning and structural risks in the SRT books.

• Actively communicate emerging trends/risks and facilitate discussions with trading desks and senior management.

• Develop into a subject matter expert for all Felix-related development work within the GRM domain for the SRT books, and be the key point of contact for business and other wider market risk teams.

• Help develop new and/or improve existing reporting infrastructure wherever required including new risk analytics to improve risk infrastructure.

• On request, help provide ad-hoc analysis on trading strategies and products, RBCCM risk tolerance and objectives.

• Clearly communicate any deficiencies in risk process and infrastructure and facilitate remediation.

• Assisting the MCCR Strategic Developer in automating and enhancing the daily risk monitoring.

What do you need to succeed?

Must-have

• Diligence and attention to detail.

• Desire and motivation to deep-dive into complex and structured products to understand the inherent risks.

• Be able to work under time pressure.

• A strong quantitataive degree or similar/equivalent.

• In-depth knowledge of interest rate option markets and primary risk drivers of those markets/products.

• Communication skills to clearly explain/summaries the market risk views to the trading desk and the senior leadership team.

• As a technical requirement, a reasonably good understanding of Value-at-Risk measurement stress testing and scenario analysis and Greeks Sensitivity analysis specific to the SRT business.

• Reasonable proficiency in Python and Tableau.

Nice-to-have

• Hands-on experience working on a risk/trading desk at a financial company in a quantitative/programming role.

• Strong leadership skills and vision; proven record of leading a team/project and delivering value-added results.

What is in it for you?

We thrive on the challenge to be our best - progressive thinking to keep growing and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation

• Leaders who support your development through coaching and managing opportunities

• Opportunities to work with the best in the field

• Ability to make a difference and lasting impact

• Work in a dynamic, collaborative, progressive, and high-performing team

• A world-class training program in financial services.

Agency Notice

RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.

Job Skills

Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Management

Additional Job Details

100 BISHOPSGATE:LONDONLondonUnited Kingdom35Full timeGROUP RISK MANAGEMENTRegularSalaried2025-11-212025-12-05

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.