ALM Risk Manager

Job Description

What is the opportunity? 

The enterprise Balance Sheet and Liquidity Risk management (BSLR) – ALM team provides independent risk reporting and comprehensive oversight for the bank’s interest rate risk in the banking book (IRRBB) and non-trading market risks across different business lines and jurisdiction.

The Manager will support senior management in the development, implementation, and communication of complex risk management policies and processes. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.

What will you do?  

• Provide timely accurate and complete market risk reporting and analysis by taking ownership of the end-to-end processes that facilitate the reporting stream
• Understand, analyze and communicate the drivers, trends of risks for RBC and key sub-portfolios, and provide context therein with respect to changes in the market risk profile
• Develop and maintain a thorough understanding of the methodologies used for Market Risk including IRRBB (VaR, Stressed VaR, Stress Testing, EVE and NII)
• Partner with colleagues at Enterprise MCCR Team, other risk teams and business units to develop analytical tools and deliver risk insights in a timely manner
• Enhance risk control processes to ensure measurement/reporting metrics appropriately capture underlying market risk.
• Build and maintain consolidated data set of Enterprise banking book positions, market risk and IRRBB metrics for reporting and analytics.
• Leverage your skills in Python and SQL to develop risk reporting tools on automated refresh schedules, maintained in a SQL Server database and deployed to front-end visualization tools such as Tableau.
• Assist with the migration of locally-hosted reporting tools into proprietary execution framework

What do you need to succeed?

Must-have  

• Degree in a financial or quantitative discipline.
• Prior experience in a market risk or ALM capacity.
• An understanding of fixed income, linear interest rate (IR) derivatives, repo, and FX products (pricing, cashflow profiles, discounting) is critical; knowledge of market risk concepts (sensitivity measures, stress testing, IRRBB metrics) is required.
• Collaborative mind-set and strong interpersonal skills, verbal and written communication skills.
• Proficient in Microsoft Office, Bloomberg, and Tableau/Power BI, VBA and SQL to manage and interact with large datasets.
• Strong knowledge of programming languages, preferably Python
• Strong analytical and critical-thinking skills, with a curiosity to understand the broader implications of a presented problem

Nice-to-have 

• Graduate Degree in a relevant discipline (M.Sc., MBA), relevant professions designations (CFA, FRM or other related professional qualifications)
• Deep understanding of the bank’s balance sheet composition and business lines

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. At RBC, you will have opportunities to:

• A comprehensive Total Rewards Program including bonuses and flexible benefits.

• competitive compensation, commissions, and stock where applicable.

• Leaders who support your development through coaching and managing opportunities.

• Ability to make a difference and lasting impact.

• Work in a dynamic, collaborative, progressive, and high-performing team.

• A world-class training program in financial services.

• Flexible work/life balance options.

• Opportunities to do challenging work.

• Opportunities to take on progressively greater accountabilities within the team.

Job Skills

Additional Job Details

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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.