Associate Director, Balance Sheet Modeling
Associate Director, Balance Sheet Modeling
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Job Description
Job Description
What is the opportunity
The corporate treasury team is seeking a highly motivated Associate Director to lead the development and enhancement of forecasting models used to project the Banks balance sheet under various business and economic scenarios. This role plays a critical function in supporting strategic planning risk management asset-liability management and regulatory forecasting requirements.
The successful candidate will bring a strong understanding of balance sheet dynamics asset-liability modeling and banking products with a proven ability to translate complex financial concepts into robust quantitative models.
What will you do
Design develop and maintain balance sheet forecasting models to support ALM interest rate risk management liquidity planning and regulatory stress testing
Partner with Treasury Risk Finance and Business Units to gather assumptions and ensure alignment across business forecasts.
Develop scenario analysis capabilities through simulation to assess the impact of economic and rate shocks on the balance sheet and net interest income
Translate complex balance sheet behaviors (e.g. prepayment deposit decay reinvestment strategy) into quantitative modeling frameworks
Ensure models meet internal governance and external regulatory standards including documentation validation and audit readiness
Monitor model performance and enhance methodologies to reflect changes in the economic environment and banking behavior
Provide technical leadership to junior analysts and collaborate with model validators and other stakeholders
What do you need to succeed
Must-have:
Bachelors or Masters degree in quantitative discipline such as Finance Economics Statistics Mathematics Engineering or a related field
Minimum of 3 years of experience in financial institution preferably in corporate treasury ALM risk management interest rate risk liquidity risk and behavioral modeling
Expert knowledge in survival analysis modeling frameworks and working knowledge of Monte Carlo simulation
Solid understanding of bank balance sheet structure interest rate risk liquidity risk and behavioral modeling
Experience with numerical modeling tools (e.g. Python R SAS SQL)
Nice to have:
Strong analytical problem-solving and communication skills with the ability to present complex material to non-technical stakeholders
Familiarity with regulatory frameworks (e.g. IRRBB Basel III) is a strong asset
Experience working with ALM systems (e.g. QRM BancWare)
Whats 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 operate collaboratively in an office environment where we are onsite 4 days per week. We care about each other reaching our potential making a difference to our communities and achieving success that is mutual.
Excellent exposureto communicate with various business partners and stakeholders
Opportunity to obtain hands-on experience throughout your role
Working with an exciting close-knit supportive & dynamic group
Opportunity to collaborate with other business segments within RBC
Access to top tier learning resources to help shape your professional career
Excellent career development and progression opportunities
A comprehensive Total Rewards Program including bonuses and flexible benefits
Competitive compensation
Best in Class Employee Recognition Program
RBCs compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting engaging and retaining talent that:
* Drives RBCs high-performance culture
* Enables collective achievement of our strategic goals
* Generates sustainable shareholder returns and above market shareholder value
Job Skills
Analytical Thinking Balance Sheets Business Commercial Acumen Critical Thinking Decision Making Finance Financial Modeling Financial Reporting and Analysis Financial Risk Modeling Financial Simulations Long Term Planning Market Liquidity Risk Management Simulation Models Statistical Models Statistics 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:
Director
Employment Type
Full-Time
