2024 Fall - GRM, Enterprise Risk Analyst Intern (4 Months)

Job SummaryThe Analyst, Enterprise Risk will support the Emerging Risk team, as well as the broader Credit & Enterprise Stress Testing team, in executing their mandates and further developing their programs.The Emerging Risk team oversees the enterprise process for identifying, assessing, and monitoring emerging risks. The team also oversees the enterprises broader risk identification process for Enterprise-Wide Stress Testing (EWST), as well as the design of scenarios for EWST and other stress tests. Key activities include: Identifying, assessing, and monitoring the enterprises Emerging Risks, and communicating the associated analysis to senior-level audiences and decision-makers. As such, acting as Group Risk Management thought leaders on specific Emerging Risk issues (e.g., geopolitical tensions, such as those connected to China, Russia, and the Middle East, inflation, supply chain disruption, artificial intelligence, crypto-assets, trade wars, political polarization and unrest, impact of COVID-19). Overseeing the process for identifying, assessing, and recording the enterprises material risks in the enterprise Risk Inventory, for the purpose of EWST. Developing scenarios of varying degrees of severity for EWST and other stress tests. Conducting tabletop exercises among senior RBC leaders to help assess the organizations preparedness for specific risks, facilitate the exchange of knowledge, and develop action plans to address any identified gaps.Job DescriptionThe Analyst, Enterprise Risk will:Support the identification and assessment of enterprise-wide Emerging Risks, by performing research and analysis, assessing risk impacts to RBC, and assisting with the development of presentations and white papers.Monitor global economic, geopolitical, societal, technological, and other trends and developments, and contributing to team analyses and publications.Support the preparation of quarterly and annual reporting of Top and Emerging Risks to senior management and the Board.Support the updating of the enterprises Risk Inventory.Support the development of scenarios for stress testing and tabletop exercises.Perform other duties to support the achievement of the Emerging Risk and Credit & Enterprise Stress Testing teams mandates, as required.What do you need to succeed?Must-haveWorking towards a business-related university degree.General understanding and awareness of current global events and basic economic concepts.Excellent writing and research skills, strong interpersonal skills, and conceptual thinker.An ability to understand and explain complex concepts.Strong analytical and problem-solving skills.Proficiency with Microsoft Office (e.g., PowerPoint, Excel, Word).Nice-to-haveProficiency with Bloomberg and other market sourcesAdvanced proficiency with ExcelCoding/programming skillsFamiliarity with emerging technologiesWhats 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.Leaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging work and make a differenceOpportunities to building close relationshipsThrough this role, the Analyst, Enterprise Risk will:Work with a wide variety of groups across the bank, including:The Emerging Risk team, the broader Credit & Enterprise Stress Testing (CEST) team, and the Senior Director, CEST;Other areas of Group Risk Management, such as Credit Risk, Environmental and Social Risk, and Operational Risk; andOther areas of RBC outside GRM, such as individuals from business segments representing the First Line of Defense, Economics, Corporate Treasury, and Enterprise Strategy.Gain a broad understanding of how the bank operates, including the role of our business segments and functional units, and how the bank may be exposed to emerging trends within the industry.Develop fundamental knowledge of risk management.Please note:This posting is for a 4-months Fall 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:RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity:TORONTOCountry:CanadaWork hours/week:37.5Employment Type:Full timePlatform:GROUP RISK MANAGEMENTJob Type:Student/Coop (Fixed Term)Pay Type:SalariedPosted Date:2024-04-29Application 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.