Job Description What is the opportunity? As Manager, Local Market Risk, you help promote a “Best of Class” risk oversight environment and play an important role in the ongoing development and monitoring of the market risk framework for equity related trading book strategies. The ideal candidate will ensure that material market risks are monitored, analyzed, and communicated to management through established reporting processes, management forums and through ad-hoc analysis. You will provide effective ‘second line of defense’ challenge to Front Office risk taking activities, which will require a deep and meaningful understanding of client/trading strategies and products deployed and pertinent risks emerging from cash and derivative market developments to assess implications for the risk profile of the trading books. What will you do? The individual will be working in a team to provide market risk oversight for RBC’s Capital Market businesses (mainly in Global Equities and Central Funding), acting as a key link between trading staff, management, and Group Risk Management. Become a subject matter expert in designated desks. Run the market risk reporting processes and ensure the accuracy of reports. Monitor trading activities and exposures to ensure they remain within Risk Appetite and approved Policies, Limits and Product Mandates. Provide constructive challenge to risk limit and product approval requests and risk taking activities. Stay abreast of market developments and portfolio risks to provide insightful analysis to senior management and business partners on risk trends and emerging concerns. Evaluate risk measures and propose changes as necessary to ensure P&L and risk measurement are properly aligned. Collaborate with Business, Technology and other Functional partners on key systems and process initiatives to meet internal and regulatory requirements for the management of market risk and drive efficiency and effectiveness in our processes and decision making. Look for opportunity to improve and automate processes within market risk team. What do you need to succeed? Must-have 1+ years of experience preferred in a market or credit risk or valuations role, including Value-at-Risk measurement and back-testing, Stress Testing, Scenario and Sensitivity analysis and p/l decomposition experience. MBA, MA, MS or equivalent with emphasis in finance, economics or a quantitative discipline is preferred. Must be a strong collaborator and have a high level of curiosity Strong written and oral communication skills with the ability to condense complex details into narratives suitable for communication with senior risk and business management. Strong technology experience with proven track record in implementing risk-related software applications such as Python, SQL. Nice-to-have Knowledge of structured products Familiar with regulatory/compliance requirements CFA/ FRM / PRA are an asset. 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 and competitive compensation Leaders who support your development through coaching and managing opportunities Ability to make a difference and lasting impact Flexible work/life balance options Work in a dynamic, collaborative, progressive, and high-performing team Opportunities to do challenging work 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: ROYAL BANK PLAZA, 200 BAY ST:TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: GROUP RISK MANAGEMENT Job Type: Regular Pay Type: Salaried Posted Date: 2025-09-23 Application Deadline: 2025-10-05 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. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com. Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.