Associate Director, Market Risk Capital (CCAR & FRTB)

What is the Opportunity?

The Associate Director, Market Risk Capital (CCAR & FRTB) will lead the implementation and execution of Global Market Shock and Internal Market Shock stress testing processes under CCAR, as well as support the build-out of FRTB calculation and reporting capabilities for the US IHC. The role involves partnering with IT on system implementation, UAT testing, and data model enhancements, while establishing governance frameworks, covered position identification processes, and regulatory controls. The individual will develop supporting documentation, prepare materials for committee and FRB meetings, and monitor regulatory developments to support audits and examinations. Candidates should have 5+ years of investment banking experience in CCAR stress testing, FRTB, or Market Risk, with strong technical skills in Python and SQL, and excellent communication abilities.

What will you do?

• Support the implementation and execution of the Global Market Shock (GMS) and Internal Market Shock stress testing processes under CCAR, including scenario application, results validation, and regulatory submissions - 25%

• Analyze enterprise FRTB build requirements and partner with IT to implement IHC FRTB calculation and reporting capabilities, including performing UAT testing and validation - 20%

• Establish and maintain FRTB covered position identification, reporting, and governance processes; support the development of the regulatory governance framework including target operating models, roles and responsibilities, and process controls - 15%

• Assess and enhance the current data model and UI functionalities; build benchmarking tools and support the establishment of "Risk not in SA" processes - 10%

• Create and maintain documentation including methodology documents, system lineage diagrams, process flows, and other materials required for regulatory compliance - 15%

• Prepare presentations and materials for committee meetings and FRB engagements; coordinate across functions to establish or enhance controls - 10%

• Review supervisory guidance and industry developments to identify regulatory requirements and best practices; provide support for risk and control self-assessments, internal audits, and regulatory examinations - 5%

What do you need to succeed?

• Bachelor's Degree in Finance, Engineering, or a quantitative field

• 4+ years of experience at an Investment Bank with exposure to CCAR stress testing, FRTB implementation, Capital Management, Regulatory Capital, or Market Risk

• Strong knowledge of market risk management frameworks (Basel III/IV, FRTB, VaR, sensitivities/Greeks) and stress testing methodologies (GMS/IMS)

• Understanding of financial products (rates, credit, equity, FX, commodities) and their valuation methodologies

• Experience with CCAR submission processes and FRB supervisory expectations

• Strong data analysis skills including experience with Python, SQL, and Excel for analyzing large datasets

• Experience with Business Intelligence tools (Tableau, OBI) and familiarity with market risk platforms

• Excellent written and oral communication skills with demonstrated ability to prepare materials for senior management and regulators

• Ability to translate regulatory requirements into detailed technical specifications and governance frameworks

• Autonomous, highly motivated, and able to work independently and collaboratively under tight deadlines

What's 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 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 Jersey) 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.

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 culture

• Enables collective achievement of our strategic goals

• Generates sustainable shareholder returns and above market shareholder value

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Additional Job Details

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.