What is the opportunity?
The Associate Director – FX Spot, Emerging Markets & Options Risk, Group Risk Management will establish and maintain specialized risk oversight for our Foreign Exchange trading businesses. Key responsibilities include:
- Monitor and Evaluate FX Risk Profile: Maintain deep expertise in FX products. Proactively identify, assess, and address FX-specific risk exposures including basis risk, emerging market volatility spikes, and option-related tail risks.
- Define Approved FX Products and Instruments: Develop and enforce frameworks for approved FX spot trades, emerging market currency instruments, and FX derivative products (vanilla and exotic options), ensuring alignment with risk appetite and strategic objectives.
- Design Comprehensive FX Risk Metrics and Limits: Create and implement FX-specific risk measurement frameworks including:
-
Greek sensitivities (Delta, Gamma, Vega, Theta) for options portfolios
-
Scenario analysis tailored to emerging market stress events
-
Value-at-Risk (VaR) models calibrated to FX market microstructure
-
Stress testing and shock scenarios reflecting geopolitical and central bank dynamics
-
Emerging market-specific volatility assessments
- Ensure Compliance and Policy Adherence: Monitor FX trading activities for compliance with internal policies and regulatory requirements, with particular attention to emerging market regulations and FX-specific capital frameworks.
What will you do?
Monitor and Analyze FX Exposure: Perform in-depth analysis of spot, forward, and options positions across G10 and Emerging Market currencies. Track real-time market conditions and geopolitical events to deliver actionable insights on FX risk drivers.
- Provide Market-Driven Risk Insights: Investigate FX market risks and deliver insights on volatility regimes, emerging market stress scenarios, carry trade, basis trade dynamics, and options-related tail risks to senior management.
- Evaluate FX Trading Strategies: Assess trading strategies, and hedging programs to ensure appropriate risk-reward profiles and alignment with risk tolerance.
- Collaborate with FX Trading Teams: Partner closely with spot traders, emerging market specialists, and options traders to address system functionality, Greek exposures, limit management, and emerging market-specific risk controls.
- Enhance FX Risk Infrastructure: Lead development of FX-specific risk frameworks including product mandates for all currencies, Greeks-based limit structures, and scenario libraries reflecting FX market dynamics.
- Facilitate Stakeholder Collaboration: Coordinate with trading, treasury, and compliance teams on FX modernization initiatives and emerging market risk assessments.
- Oversee Significant FX Transactions: Review major spot, options, and emerging market trades to ensure robust controls and adherence to risk policies.
- Drive Process Improvement: Standardize FX risk processes, including volatility surface monitoring, Greeks aggregation, and ah-hoc market stress scenario updates.
What do you need to succeed?
- FX Market Expertise (4–8 Years): Extensive hands-on experience in FX trading, risk, or quant roles with demonstrated expertise in:
-
FX spot and emerging market currency trading dynamics
-
FX derivative pricing and risk (vanilla and exotic options)
-
Option Greeks management and non-linear risk measurement
-
VaR, Expected Shortfall, and backtesting methodologies
-
Stress testing and scenario analysis for FX and emerging market events
-
FX market microstructure and carry trade mechanics
-
Emerging market currency volatility and geopolitical risk drivers
- Independent and Curious: Works autonomously with strong problem-solving abilities and natural curiosity about FX market dynamics and emerging market trends.
- Strong Team Player with Exceptional Communication: Thrives in collaborative trading environments and clearly articulates complex FX and options concepts to senior leaders.
- Educational Background: MA, MS, or equivalent in Finance, Economics, or Quantitative Discipline with FX or derivatives focus preferred.
- Technical Proficiency:
-
Advanced Python (for FX analytics and Greeks calculations)
-
Tableau or similar visualization tools
-
Bloomberg Terminal (FX modules, volatility surfaces, emerging market data)
-
Experience with FX risk platforms (Murex, or similar) a plus
- Analytical and Problem-Solving Skills: Strong ability to structure complex FX risk problems and derive actionable insights.
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.
-
Opportunity to learn a variety of asset classes and be exposed to multiple trading businesses, including structured products
-
Rewarding opportunity for accelerated career progression for high performers
-
Ability to make a difference and lasting impact
-
Strong leaders and peers who support your development through coaching and managing opportunities
-
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
-
Potential to utilize transferable skills and grow within other related business areas
Job Skills
Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Management
Additional Job Details
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
Toronto
Canada
37.5
Full time
GROUP RISK MANAGEMENT
Regular
Salaried
2026-08-05
2026-10-02
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.
Join our Talent Community
Stay 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.
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.
