About Company
As one of Canada’s largest financial institutions, RBC (Royal Bank of Canada) is a leading diversified financial services company providing personal and commercial banking, wealth management, insurance, investor services, and capital markets products and services globally. With a strong commitment to our clients and the communities we serve, RBC operates on a foundation of integrity, trust, and exceptional service. Our presence in St. John’s, Newfoundland and Labrador, is pivotal to our operations, allowing us to connect deeply with local businesses and individuals, fostering economic growth and financial stability in the region. At RBC, we believe in supporting our employees with opportunities for growth, learning, and innovation, ensuring a rewarding career path within a dynamic and inclusive environment. Join a team that values your contributions and empowers you to make a meaningful impact.
Job Description
Are you a detail-oriented, analytical professional with a passion for mitigating risk and ensuring financial stability? RBC is seeking a proactive and skilled Risk Management Analyst to join our esteemed team in St. John’s, Newfoundland and Labrador. In this crucial role, you will be instrumental in identifying, assessing, monitoring, and reporting on various risks across our operations, contributing directly to the soundness and success of our financial services. The financial landscape is continuously evolving, presenting both opportunities and challenges. As a Risk Management Analyst, you will be at the forefront of understanding these dynamics, leveraging your expertise to protect our assets, enhance decision-making, and uphold regulatory compliance.
Your day-to-day will involve a blend of quantitative analysis, critical thinking, and collaborative engagement with diverse business units. You will utilize advanced analytical tools and methodologies to interpret complex financial data, forecast potential risks, and develop robust risk mitigation strategies. This position offers a unique opportunity to gain exposure to different facets of risk management, including credit risk, market risk, operational risk, and reputational risk, within a supportive and innovative environment. We are looking for someone who can not only identify problems but also propose pragmatic, effective solutions, communicating complex ideas clearly to both technical and non-technical stakeholders. If you thrive in a challenging yet rewarding environment, are committed to excellence, and eager to contribute to a leading global financial institution, we encourage you to apply. This role is perfect for a professional looking to make a significant impact in a company dedicated to responsible growth and outstanding client service.
Key Responsibilities
- Conduct comprehensive risk assessments and analyses across various business lines and financial products.
- Monitor risk exposures against established limits and company policies, ensuring timely identification of breaches or emerging risks.
- Prepare detailed and insightful risk reports for senior management and regulatory bodies, highlighting key findings and recommendations.
- Assist in the development, validation, and implementation of risk models and frameworks.
- Ensure strict adherence to local and international regulatory requirements (e.g., OSFI guidelines) and internal compliance policies.
- Collaborate with internal stakeholders, including business leaders, audit, and compliance teams, to embed risk management practices.
- Proactively identify and assess new and evolving risks, proposing appropriate mitigation strategies.
- Participate in the review and enhancement of risk management processes and tools.
- Contribute to training and awareness programs to foster a strong risk culture within the organization.
Required Skills
- Bachelor's degree in Finance, Economics, Mathematics, Statistics, or a related quantitative field.
- 3+ years of progressive experience in risk management, financial analysis, or a related field within the financial services industry.
- Strong analytical, quantitative, and problem-solving skills with meticulous attention to detail.
- Proficiency in data analysis tools such as Microsoft Excel (advanced), SQL, and/or statistical software (e.g., R, Python).
- Solid understanding of financial products, markets, and risk management principles (credit, market, operational risk).
- Excellent written and verbal communication skills, with the ability to articulate complex concepts clearly and concisely.
- Demonstrated ability to work independently and collaboratively in a fast-paced, dynamic environment.
Preferred Qualifications
- Master's degree or professional certifications such as FRM (Financial Risk Manager) or CFA (Chartered Financial Analyst).
- Experience with risk management software platforms (e.g., Bloomberg, Refinitiv, Murex).
- Knowledge of Canadian financial regulations and reporting standards (e.g., OSFI).
- Project management experience or involvement in process improvement initiatives.
Perks & Benefits
- Competitive base salary and performance-based bonus structure.
- Comprehensive health, dental, and vision insurance benefits.
- Robust pension and retirement savings plans.
- Generous paid time off, including vacation, sick days, and personal days.
- Opportunities for continuous learning, professional development, and career advancement.
- Employee assistance programs and wellness initiatives.
- Tuition reimbursement and support for professional designations.
- Employee discounts on banking products and services.
- A vibrant and inclusive work culture that values diversity and teamwork.
How to Apply
Interested candidates are invited to submit their application online by clicking the link below. Please include a detailed resume and cover letter outlining your qualifications and experience.