Job Description

What is the opportunity?

The Market Risk London team is responsible for monitoring, analysing, and reporting on market risk exposure stemming from the European trading activity within RBC Capital Markets, RBC Investor Services and RBC Wealth Management in Europe.

The Associate Director is responsible for accurate and timely risk reporting, ongoing monitoring and producing analysis of market risk taken by linear and non-linear Foreign Exchange trading desks (FX Spot, FX EM, FX Forwards & FX Options) while also overseeing the deal-contingent IR/FX derivatives portfolio.

The individual will also be responsible for managing ad-hoc medium-term projects to tight deadlines and collaborating with other stakeholders, with support from Director, Market Risk where required. 

This role requires 4 days in the office.

What will you do?

Monitor, analyse and report market risk exposures for the desk, including risk limits, material exposures and concentrations. Timely investigate and escalate key risks, exposure changes or risk limit breaches.

Develop a strong understanding of the products and the associated risks, and drivers contributing to P&L and loss metrics (VaR and Stress). 

Prepare risk analysis on emerging risks, limit extensions, annual limit reviews, product mandates or ad-hoc trading requests, provide constructive challenge to the Business.

Follow market developments in relation to provide insights on emerging concerns or potential or realised impacts.

Assess new business initiatives or requests, ensuring the risks are understood and highlighted appropriately.

Collaborate with the Business, Quants, Technology, Enterprise Risk and other functions on new initiatives, projects or risk issues. Act as key contact for Market Risk on risk reporting, risk processes and risk management for the assigned desks.

Drive medium and long-term projects and actively look for opportunities to improve the existing risk management and reporting infrastructure.

What do you need to succeed?

Must-have

Quantitative, Finance and/or Economics degree or similar/equivalent.

Proven experience in a Trading Desk facing role.

Significant attention to detail in a fast pace and high-pressure environment.

Curiosity and high self-motivation with ability to work independently and collaboratively.

Good team player with strong communication and interpersonal skills, interaction with other regions and teams is required.  Strong verbal and written communication skills.

Strong knowledge of Excel. Practical applications/use of Python and Bloomberg.

The individual must always uphold the reputation of RBC and Group Risk Management.

Nice to have:

Knowledge of G10 and Emerging Markets FX/IR markets.

Good understanding of Greeks, VaR, Stress testing and scenario analysis.

What is 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, flexible benefits and competitive compensation

Leaders who support your development through coaching and managing opportunities

Opportunities to work with the best in the field

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, progressive, and high-performing team

A world-class training program in financial services.

Agency Notice

RBC Group does not accept agency resumés.  Please do not forward resumés to our employees, nor any other company location.  RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details

Job Skills

Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Management

Additional Job Details

Address:

100 BISHOPSGATE:LONDON

City:

London

Country:

United Kingdom

Work hours/week:

35

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-01-23

Application Deadline:

2026-02-06

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

Inclusion and Equal Opportunity Employment

At 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.

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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.