Job Description
What is the Opportunity?
RBC is seeking a highly motivated individual to contribute to key AI initiatives in Market Risk NA. This role will focus on helping define and build the AI landscape within Market Risk NA, ensuring alignment with enterprise objectives, and supporting the enhancement of Local Market Risk (LMR) processes. The ideal candidate will bring strong programming and analytical skills, a keen attention to detail, and the ability to collaborate effectively with cross-functional teams in a dynamic environment.
What will you do?
Contribute to the improvement of LMR infrastructure by identifying opportunities for data standardization and centralization
Assist in building AI tools to enhance risk managers’ risk assessment capabilities
Assist in developing AI strategy and contribute to project planning
Review existing market risk processes and identify pain points / opportunities to use AI to improve the processes.
Work closely with IT to support the development and refinement of reporting-related processes
Create clear and concise written communications and presentation materials on project progresses for committee meetings, working groups, and senior management
Support efforts to align AI initiatives with broader enterprise initiatives (e.g., Risk Modernization Project)
Collaborate with teams across Group Risk Management (GRM) to share relevant tools and information with the LMR team
What do you need to succeed?
Bachelor’s degree in finance, Economics, Mathematics, Data Science, or a related field.
1-2 years of experience at an Investment Bank with exposure to market risk and knowledge of trading products
Proficiency in tools and systems used for data analysis and AI (e.g. Python, Excel, SQL, or similar tools)
Experience working with large language models programmatically
Experience working with Langchain, Langgraph, LlamaIndex, or other such frameworks
Experience building AI agents
Strong analytical skills, with the ability to work with large data sets and identify trends or issues.
Strong communication skills, with the ability to create clear documentation and presentations.
Autonomous & highly motivated with ability to multi-task productively and work independently and collaboratively
Knowledge of Market Risk modelling preferred
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 $80,000-$135,000 (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
#LI – POST
Job Skills
Analytical Skills (Inactive), Data Science, Financial Risk Management (FRM), Fundamental Review of Trading Book (FRTB), GitHub, Market Risk, Microsoft SQL Server, Position Reconciliation, Python (Programming Language), Python for Data Analysis, Python Numpy, Quantitative Methods, Reporting Processes, Risk Analytics, Risk Control, Risk Models, Risk Reporting, SQL Database Queries, Statistics, Structured Query Language (SQL), System Applications, Tableau Desktop, Tableau Server, TeamworkAdditional Job Details
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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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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.