2025 Summer - GRM, Risk Analyst - Enterprise Market Risk intern (8 Months)

Participates in and supports the operational activities of a business unit. Applies experience and complete working knowledge of the job and policies/practices to perform a combination of routine tasks and varied administrative/operational assignments.
Ensures that market risk exposures are provided to all stakeholders in a timely and accurate manner. The Risk Analyst role provides an outstanding opportunity for you to apply big picture thinking and quantitative skills in developing IT infrastructure, understand key market risk factors, while highlighting material developments and trends as measured against risk limits. You will provide subject matter expertise in understanding risk profile from different business lines as well as developing, maintaining and enhancing a top-tier risk control infrastructure.

What is the opportunity?

As Risk Analyst, Enterprise Market Risk, you ensure that market risk exposures are provided to all stakeholders in a timely and accurate manner. The Risk Analyst role provides an outstanding opportunity for you to apply big picture thinking and quantitative skills in explaining key risk factors, while highlighting material developments and trends as measured against risk limits. You will provide subject matter expertise in understanding risk profile from different business lines as well as maintaining and enhancing a top-tier risk control infrastructure.

What will you do?

• Provide timely accurate and complete market risk reporting and analysis by taking ownership of the end-to-end processes that facilitate your reporting stream
• Understand, analyze and communicate the drivers, trends of risks for RBC and key sub-portfolios, and provide context therein with respect to changes in the market risk profile
• Develop and maintain a thorough understanding of the methodologies used for Value at Risk (VaR), Stressed VaR, Specific Risk (SR), and Stress Testing
• Perform VaR model backtest analysis, evaluate and explain VaR model performance under changing market cycles and environments
• Partner with colleagues at Enterprise Market Risk Team, other risk teams and business units to develop analytical tools and deliver risk insights in a timely manner

What do you need to succeed?

Must-have

• Relevant experience required in a credit or market risk function including:
  • Value-at-Risk measurement and back-testing
  • Stress testing and scenario analysis
  • Sensitivity analysis
• Strong understanding of financial markets and trading businesses, both exchange traded and over the counter markets
• Thorough knowledge of traded products including derivatives and their associated risks
• Proficient in Microsoft Office, Bloomberg, and Tableau/Power BI, SQL, VBA
• Strong knowledge of programming languages, preferably Python
• Excellent communication skills with the ability to simplify complex information clearly
• Strong interest in team participation, understanding that we succeed as a team in representing GRM and the Bank.

Nice-to-have

• MBA, MA or MS or equivalent with emphasis in finance, economics or a quantitative discipline
• CFA, FRM or other related professional qualifications

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 including bonuses and flexible benefits, competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

Please note: This posting is for a 8-months Summer 2025 Student placement with a start date of May 2025, and end date of December 2025. In order to be eligible for this 8-months Student position, you must either:

• Be returning back to school after the work term end-date of December 2025 ; or
• If you are not returning back to school (i.e. are graduating in December 2025), you must require the full 8-months work term as a mandatory component to in order to graduate successfully.

Please ensure that you meet these eligibility requirements before applying - candidates who apply but are found to be ineligible are not able to be considered.

We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is January 19, 2025. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.

RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangements for this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.

ET25

Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal Initiative

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTStudent/Coop (Fixed Term)Salaried2024-12-132025-01-19

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

Inclusion and Equal Opportunity Employment