Senior Manager, ALM Risk Measurement
Senior Manager, ALM Risk Measurement
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Job Description
Job Summary
Job Description
What is the opportunity
Join a strong multi-disciplinary team which supports interest rate risk model development analytics implementation and operations. This role maintains RBCs Asset Liability Management (ALM) reporting processes and management decisioning support develops and enhances ALM insights and advances process automation. The role works closely with senior management across Corporate Treasury FTP Analytics Deal Team Execution and Finance functions.
What you will do
- Support comprehensive measurement of Interest Rate Risk in the Banking Book (IRRBB) along with responsibilities for implementing new / revised IRR methodology and model transformation.
- Lead on reporting automation and efficiencies for internal management and regulatory reporting and external disclosures; along with risk / sensitivity profiles position data behavior tracking and compliance reporting.
- Review Interest Rate Risk and FTP methodologies metrics reporting and modelling to ensure alignment with core strategies.
- Maintain and improve processes supporting RBCs leadership in the area of balance sheet management by providing cutting edge expertise in risk and performance measurement complemented by a deep understanding of retail derivative and investment products.
- Contribute towards formulation of strategy in various aspects of bank balance sheet management and assess key balance sheet strategy trends in the banking industry. Participate in what-if analysis and attribution of results. Provide analytical thought required to resolve issues in a variety of complex situations.
- Develop and execute processes and analytics to understand and evaluate balance sheet positions ALM strategies forecasts and P&L outcome drivers.
- Scope and responsibilities include banking books in Canada US UK EU and the Caribbean.
What do you need to succeed
Must Have
- Degree in Business Mathematics Economics Quantitative Finance or related fields.
- 3 years of relevant Treasury or Risk Management experience. Strong grasp of Asset-Liability Management practices.
- Strong understanding of financial principles pricing models financial engineering and risk concepts. Good grasp of database concepts and skills (SQL).
- Team player and self-starter with ability to manage their own schedule and priorities and meet tight deadlines. Ability to work simultaneously on multiple projects.
- Solid grasp of banking products and accounting regulations.
- Strong ability to communicate verbally and in writing complex concepts to a non-technical senior audience.
- Ability to tailor analysis to required level of precision (i.e. identify 80/20 answers or attend to details as necessary).
Nice to Have
- QRM engine process and development skills
- Experience with Tableau. RPA experience in particular Blue Prism.
- MBA CFA or FRM preferred.
Job Skills
Analytical Thinking Balance Sheet Management Commercial Acumen Critical Thinking Decision Making Financial Regulation Interest Rate Risk Management Interest Rates Risk Management Strategic Thinking Treasury ManagementAdditional 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
Inclusion and Equal Opportunity Employment
At 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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Required Experience:
Senior Manager
Employment Type
Full-Time
