2024 Fall - GRM, Counterparty Credit Risk Exposure Monitoring Intern (4 Months)

Job SummaryParticipates in and supports the operational activities of a business unit. Applies experience and complete working knowledge of the job and policies/practices to perform a combination of routine tasks and varied administrative/operational assignments.Job DescriptionWhat is the opportunity? As Risk Intern in the Counterparty Credit Risk Exposure Monitoring team, you will be involved in the daily management of the credit risk framework for derivatives. You will support daily monitoring of counterparty exposures against approved risk limits, provide oversight on the completeness and appropriateness of risk measurements, help streamline and automate improved risk monitoring practices and enhance the teams analytic capabilities to deep dive certain portfolios of interest. You will help run critical reports and support the development and coding efforts to enhance existing reporting/analytic frameworks.What will you do? Daily reporting of counterparty exposures and limit availabilityDevelop tools to pro-actively investigate and appropriately report and escalate material risk trends and concernsPerform deep dive analysis into the risk profile of specific portfolios and counterparties of concernIdentify gaps in the risk capturing and reporting processes and ensure the accuracy of resultsDevelop/code tools to automate reports and processes and introduce new analytic capabilitiesSupport the migration/development of CCRs internal reporting/analytic frameworkWhat do you need to succeed?Must-have Currently enrolled at a Canadian post-secondary institution with a focus on data science, computer science, mathematics, statistics, machine learningLeadership acumen and a passion to apply it in a dynamic business environmentExcellent interpersonal and highly developed communication skills (verbal and written)Creative and analytical thinker who is self-driven and capable of working in a fast paced environmentProgramming skills in one or more languages (ex. Python, R, SQL and/or VBA)Ability to data extract, transform, and load processes with a variety of data typesAbility to perform complex data analysis on large volumes of data and present findings to stakeholdersStrong MS Office skills Word, Outlook, Excel and PowerPointNice-to-have Experience or understanding of open-source software frameworks (Hadoop), data visualization tools (Tableau and Splunk)Proficient in building statistical and algorithmic models with complex and large datasetsKnowledge of design, development, and implementation utilizing current analytics technologies and architecture, as well as data warehouse concepts and methodologiesRelational database concepts and design experienceAbility to learn and absorb new concepts (in business and in systems) quickly and apply new knowledgeWhats 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.Network and build lasting relationships with students from diverse backgrounds from across CanadaBuild your career tool kit while enjoying a work-life balanceLeaders who support your development through coaching and learning opportunitiesWork in a dynamic, collaborative, progressive and highly performing teamAbility to make a difference and lasting impactEnjoy a comfortable work environment with the option to dress casuallyPlease note:This posting is for a 4-months Fall Co-op 2024 Student placement with a start date of September 2024, and end date of December 2024. In order to be eligible for this 4-months Student position, you must either:Be returning back to school after the work term end-date of December 2024 ; orIf you are not returning back to school (i.e. are graduating in December 2024), you must require the full 4-months work term as a mandatory component to in order to graduate successfully.Please ensure that you meet these eligibility requirements before applying- candidates who apply but are found to be ineligible are not able to be considered.We encourage you to apply as soon as possible as we accept applications on a rolling basis, but please note that the formal application deadline is June 3, 2024. Should you be selected to progress, someone from our team will reach out directly to provide instructions on next steps. Otherwise, feel free to check for progress updates by logging in to your RBC profile. If the status has not changed, it denotes the fact that your application is still under review.RBC is committed to supporting flexible work arrangements when and where available. The successful candidate for this role will be required to be located within Ontario for the duration of the work term. Details regarding the specific virtual, hybrid, and in-office arrangementsfor this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.ET24Job SkillsCommunication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Taking InitiativeAdditional Job DetailsAddress:ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity:TORONTOCountry:CanadaWork hours/week:37.5Employment Type:Full timePlatform:GROUP RISK MANAGEMENTJob Type:Student/Coop (Fixed Term)Pay Type:SalariedPosted Date:2024-04-26Application Deadline:2024-06-03Inclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay 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.