- Entry level
- No Education
- Salary to negotiate
What is the opportunity?
The primary purpose of this role is to provide business analyst leadership across the global FRTB program focused on risk Market data and Scenarios management within RBC Capital Markets, mainly focus on support the new build of MDSS2 (new generation of Market Data and Scenario Service) to support the whole new FRTB risk functionalities. The Market Data Business System Analyst will work closely with multiple dev teams within RBC Risk IT to ensure a coherent and cohesive end-to-end platform for FRTB and future Enterprise and Local Market Risk, Credit Risk and Liquidity Risk. Working as part of a high performing team delivering a best-in-class technology platform across corporate systems, this individual will performing detailed business analysis of FRTB market data and scenario simulation requirements with GRA business users, providing BA support to the FRTB market data DEV team and working closely with other FRTB Dev/QA teams. The role is based in Toronto.
What will you do?
Business and data analysis in support of FRTB requirements; includes elicitation and documentation of business requirements, business rules and data sources.
Work closely with development team to explain the requirements, validate the design assumptions for various business scenarios and testing
Support QA team in creation of UAT test cases against business requirements
Project Life Cycle activities including requirements definition, design, testing and documentation.
Thorough data analysis of new / enhanced market risk data sources; analysis in support of process changes; development of data specifications.
Recommend solutions that satisfy sponsor/stakeholder needs - continually exploring and assessing options for value-add.
Data mining, reporting and database modeling experience is required
Act as a business subject matter expert resource, supporting development of application roadmap
What do you need to succeed?
University Degree, advanced degree in Finance, Math, Engineering preferred
5 years work experience in Financial Institute Capital Market area
In depth knowledge on Capital Market financial products and market data across all asset classes (IR, EQ, COMM, FX, Credit), strong quantitative skills,
In depth understanding of Market Risk Management calculation, VaR, sensitivity and stress, P&L decomposition, etc;
Excellent understanding of third party vendors and data providers in market data domain. Strong SQL skills and strong MS Excel skills
Nice to Have
Good understanding of Basel regulatory environment and its evolution and challenges
Familiar with Agile/Scrum and experience with continuous integration development. Professional risk/finance certifications (e.g. FRM, PRM, CFA)
Knowledge of relevant market data technology. Experience with time series database, i.e. FAME, HP Vertica
Experience with popular risk systems and trading systems in the market.
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, competitive compensation
Opportunities to build distributed systems using the latest big data frameworks for advanced analytics
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 take on progressively greater accountabilities
Learn more about RBC Tech Jobs
Royal Bank of Canada is Canada’s largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America’s leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com.
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About the company
We are one of Canada's largest banks and one of the largest banks in the world, based on market capitalization.
We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis.
We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 35 other countries.