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Job Title: VP MARKET RISK - COMPLIANCE  WITH RISK MANAGEMENT...
Job Location: NY: New york
Pay Rate: Open
Job Length: full time
Start Date: 2008-09-11

Company Name: RBC Financial Group
Contact: Recruiter
Phone: email only please
Fax: email only please

Description: VP MARKET RISK - COMPLIANCE WITH RISK MANAGEMENT POLICIES

Posting Start Date: January 22 2008 Job Category: Risk Management

Job Type: Full-Time

Employment Type: Regular - U.S.

Pay Type: Salaried /tr Exempt/ Non-Exempt: N/A

Work Schedule:

Work Hours/ Week: na

People Manager: No

Posting End Date: January 28 2008 Legal Entity: RBC New York & CMA

Work Environment: Office

Location: New York

City: New york Office/ Branch Address: 1 Liberty Plaza Relocation Provided: No

Travel Percentage: 0

Fluent In: English

Req ID#: 84644

Position Purpose: PURPOSE: The Global Middle Office is to provide independent and effective on-site monitoring, controlling and communicating on the nature and extent of all material market, credit and operational risk positions and to ensure the implementation of and compliance with risk management policies. Key Accountabilities: KEY RESULT AREAS: Market Risk Oversight . Monitor trading activities and exposures (VaR, greeks, stress tests, etc) to ensure they are within approved policies and limits; . Investigate risks to ensure accuracy and sign-off on results; initiate reruns where necessary; . Develop and produce independent risk reports for trading and senior management actively leveraging the capabilities of GMRM; . Identify supplementary risk measures and controls required at the trading desk level; . Review and obtain appropriate approvals of non-traditional transactions requiring exceptions to risk management policies; . Ensure proper booking of non-traditional transactions; . Maintain non-traditional transaction register and experimental pool, including periodic reports to appropriate committees; . Evaluate regulatory capital for portfolios/products that are not captured within the Value-at-Risk framework; Valuation . Independently value or validate prices used in the valuation of equity derivative trading portfolios. . Perform detailed bi-monthly price verification for dealer-supplied rates. . Approve independent rate sources for daily mark-to-market. . Analyse equity derivative trading portfolio and recommend appropriate reserves. . Ensure that all material market risk models are independently vetted and certified before the commencement of trading. Risk Analytics/Transaction Facilitation . Provide quantitative analytical support to the business on complex derivative transactions and new business initiatives; . Analyse daily profit/loss of the equity derivative portfolios and communicate the drivers of profit/loss to senior management; Job Requirements: (Knowledge/ Experience): KEY LATERAL RELATIONSHIPS: . Traders, Marketers and Account Managers . Third party dealers and brokers . Group Risk Management. . Trading Operations and Systems STAFF REPORTING TO INCUMBENT: . None

STAFFING REQUIREMENTS: . MBA, MA, MS or equivalent with emphasis in finance, economics or a quantitative discipline. . Solid understanding of trading products and the principles of derivative market risk. . Strong written and oral communication skills. . Minimum 2 years experience working in a credit or market risk function. . Strong software development skills and experience in applying finance-related computational techniques. UNITS SUPPORTED/KEY STATISTICS: . Global Arbitrage & Trading . Global Structured Products - Equity Derivatives . Global Equity - Convertible Bond Sales & Trading Required Skills/ Competencies/ Attributes: Education: MBA Required Accreditation(s): Special Conditions: NA Diversity: Diversity in the workplace, one of our shared values, lies at the heart of our rewarding, open, supportive and inclusive work environment. We respect and respond to the many competing and evolving priorities in our lives so you can focus on what you can do best - put clients first. EOE/M/F/D/V About RBC: Interested in finding out more? Clickhere.

Please refer to Job code rbc-223510 when responding to this ad.

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