Director, Risk Solutions Group (Interest Rate Derivatives)

Job Description

What is the opportunity?

The Canadian Risk Solutions Group (RSG) is responsible for providing strategies to hedge interest rate and foreign exchange risk for Canadian-based clients. The team is looking for a Vice President or Director who will primarily focus on the Middle-Market Rates business and assist the broader RSG team.

The candidate will assist in all facets of the business, from managing the marketing and origination of hedging strategies, to pricing and execution of fixed income derivative products.

The level of the position (Director OR Vice President) will be determined based on the candidate's experience and qualifications. Compensation for this role includes a competitive base salary, a variable bonus structure tied to performance, and a comprehensive benefits package. Specific details will be discussed during the interview process and tailored to the candidate's qualifications and the role's requirements.

What will you do? 

• Interest rate derivatives coverage of the Canadian Banking Platform including Corporate Client Group, Commercial Financial Services and Wealth Management clients
• Responsible for trade modeling, pricing, execution, booking and related processing of interest rate derivatives and hedging solutions (interest rate swaps, cross-currency swaps, bond forwards, caps/floors, structured rates products, etc.)
• Work closely with the team as a key client contact, providing interest rate risk management advice and education sessions
• Liaising with multiple parts of the bank (Canadian Banking, Risk Management, Trading, Resource Management Group, and others) and external counterparties at all points of the interest rate derivative trade lifecycle
• Structure and price trades in compliance with established credit limit protocol, facilitating client needs
• Client liaison for derivative products, engaging with senior level management such as the CFO, Treasurer, and CEO

What do you need to succeed? 

• BA, BComm, MBA, CFA, MA or MS or equivalent
• A solid understanding of fixed income markets and the willingness to learn; minimum five years of work experience in derivatives sales role or related function
• Exceptional communication skills, written and oral, with the ability to effectively interact with and educate clients and key stakeholders at all levels on financial markets and derivatives
• The ability to simplify complex problems, financial derivatives, and analysis into straightforward, easy-to-understand concepts and language
• Ability to prioritize and manage a large workload in a high-pressure environment, working with multiple people while balancing priorities
• High level of numeracy and analytical ability
• Willingness and ability to adopt a flexible approach and respond to ad hoc requests in a timely manner
• Highly proficient in Microsoft Office – Excel, PowerPoint & Word
• Excellent interpersonal skills

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 with competitive compensation
• Unique opportunity to learn a broad range of financial and professional skills across multiple product lines
• Opportunity to interact with different CM groups and build a comprehensive network
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to build close relationships with clients and take on progressively greater accountabilities

#LI-KA2

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.