2026 Winter - GRM, Local Market Risk Intern (4 Months)

Royal Bank of Canada

  • Toronto, ON
  • Contract
  • Full-time
  • 1 day ago
Job DescriptionWhat is the opportunity?As part of the Group Risk Management team, the 4-month internship provides an opportunity to work within the Local Market Risk (LMR) team to provide independent and effective monitoring, control, and communications of market risk in Capital Market businesses.This individual will support LMR and collaborate with stakeholders across trading business, risk management and technology to ensure the implementation of and compliance with market risk policies and procedures. The individual will collaborate with internal stakeholders to promote a “Best of Class” risk oversight environment for the market risk associated with Macro Risk Trading business and activities.What will you do?The candidate will collaborate and support the Local Market Risk team on daily coverage of risk oversight including but not limited to the following:
  • Provide risk oversight one or more of the businesses under RBC’s Macro trading desks, which includes Rates/FX, Commodities and XVA, acting as a key link between trading staff, management and Group Risk Management.
  • Oversee and enhance risk control processes: Develop key sensitivity metrics, implement metrics and establish risk reporting; establish and implement appropriate limits to ensure that business is operating within approved policies and limits; identify supplementary risk controls that may be required to manage the risks and exposure as necessary
  • Monitor trading activities and exposures to ensure they are within approved policies and limits, and that reports are timely and accurate.
  • Promote a greater focus on risk analysis, and provide effective and constructive challenge to the Front Office where appropriate through active dialogue regarding business strategies, risk representation, and limit compliance.
  • Provide insights and commentary on key risks and exposures versus market trends and potential events.
  • Collaborate and coordinate among different stakeholders to meet enterprise/business line project deliverables. This will include projects related to capital requirements, risk modernization, as well as on-demand ad-hoc requests from internal partners.
  • Look for opportunity to automate, improve and standardize processes within the market risk team.
What do you need to succeed?Must-have
  • MS in Finance, Economics or a Quantitative subject
  • Strong knowledge of market risk concepts (sensitivity analysis, VaR, stress testing etc.)
  • In depth knowledge of derivative products, Futures, Options, Swaps.
  • Strong written and oral communication skills with the ability to condense complex details into narratives suitable for communication with senior risk and business management
  • Proficient in Python and SQL; Other strong technology experience with proven track record is a plus.
  • Strong collaborator and have a high level of curiosity.
Nice-to-have
  • CFA/ FRM / PRA are an asset.
  • Leadership experience in large scale projects.
  • Proficient in working with complex dataset and building tools with multiple data source for time-series analysis and data visualization.
  • Ability to learn and absorb new concepts (in derivative products and in risk systems) quickly and apply new knowledge.
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.
  • Network and build lasting relationships with students from diverse backgrounds from across Canada
  • Leaders who support your development through coaching and learning opportunities
  • Work in a dynamic, collaborative, progressive and highly performing team
  • Ability to make a difference and lasting impact
Please note: This posting is for a 4-months Winter 2026 Student placement with a start date of January 2026, and end date of April 2026. 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 April 2026 ; or
  • If you are not returning back to school (i.e. are graduating in April 2026), 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 September 14, 2025. 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 arrangements for this Integrated Learning/ Co-op position are to be discussed with the Hiring Manager.ET26Job Skills Communication, Computer Literacy, Detail-Oriented, Interpersonal Relationships, Listening Effectively, Personal Development, Personal 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: 2025-09-02Application Deadline: 2025-09-15Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt 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 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 .

Royal Bank of Canada