2024 GRM – Winter Risk Analyst Intern (4 Months)
City : TORONTO, Ontario, Canada
Category : Technology | Analytics | Research
Industry : Financial/Banking
Employer : RBC
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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.
Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.
Job Title
Job Description
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
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
Provide research and recommendations to support the implementation of new risk models and stress scenarios
Partner with colleagues from risk teams to develop analytical tools and deliver risk insights on an ad-hoc basis in a timely manner
Participate in the upcoming FRTB related project such as redesigning risk reporting, reconciling hierarchy etc.
Must Have:Be in the process of completing their master degree, or in 3rd or 4th year of an undergraduate program in a quantitative field such as Finance & Economics and Mathematics etc.
Familiar with traded products including derivatives and their associated risks.
Familiar with market risk related terminologies.
Strong interpersonal skills and analytical skills.
Organizational skills and ability to prioritize activities.
Experienced with MS Excel, database access such as MS Access or SQL.
Familiar with Python, data virtualization tools
Nice to Have:Strong knowledge in Python programing and data virtualization tools such as Tableau and Power BI.
Working towards CFA, FRM or other related professional qualifications.
Good understanding of financial markets and trading businesses, both exchange traded and over the counter markets.
Job Summary
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Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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