Director - Market Risk

What is the 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).

What will you do?

• Lead the end-to-end GMS stress testing program for the US IHC, including scenario application, results production, validation, and regulatory submission to the Federal Reserve

• Manage and develop a team of Market Risk professionals, directing day-to-day priorities and workstreams to drive the GMS build program forward and ensure ongoing BAU maintenance of the stress testing framework

• As part of the GMS build mandate, contribute strategic thinking on infrastructure enhancements to the IHC's stress testing environment, including data pipelines, calculation processes, and tooling, to support a scalable and well-controlled framework

• Partner with IT and Quantitative Risk to define business requirements, conduct UAT, and validate system changes impacting GMS stress testing calculations and reporting

• Establish and maintain governance frameworks, process controls, and documentation (methodology papers, system lineage, process flows) required for regulatory compliance and internal audit readiness

• Prepare and present materials for FRB engagements, senior management, and internal risk committees; coordinate cross-functional stakeholders to resolve issues and advance program objectives

• Monitor regulatory developments and supervisory guidance relevant to CCAR/GMS; support risk and control self-assessments, internal audits, and regulatory examinations

What do you need to succeed?

Must-have

• Bachelor's degree in Finance, Engineering, Mathematics, or a quantitative field; advanced degree (MBA, MSc, PhD) preferred

• 8+ years of experience at an investment bank in CCAR stress testing, Market Risk Capital, or a related regulatory capital function

• Deep knowledge of GMS and IMS stress testing methodologies, including scenario construction, loss aggregation, and FRB submission requirements

• Strong understanding of financial products across rates, credit, equity, and their valuation under stress

• Experience leading or materially contributing to technology and infrastructure build-outs in a market risk or regulatory capital context

• Proficiency in Python and SQL for data analysis, process automation, and results validation; familiarity with BI tools (Tableau, OBI) and market risk platforms

• Demonstrated people management experience, with the ability to set priorities, develop junior staff, and maintain high-quality output under regulatory deadlines

• Excellent written and verbal communication skills, with experience preparing materials for senior management, risk committees, and regulators

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

• Autonomous and highly motivated; able to manage competing priorities and drive programs forward in a dynamic environment

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 $160,000-$260,000 (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.

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

Job Skills

Business Analytics, Effectiveness Measurement, Financial Derivatives, Investment Banking Analysis, Long Term Planning, Market Analysis, Market Risk, Results-Oriented, Risk Management

Additional Job Details

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORKNew YorkUnited States of America40Full timeGROUP RISK MANAGEMENTRegularSalaried2026-07-082026-07-10

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.