What is the opportunity?

Join a strong multi-disciplinary team which supports interest rate risk production model development, analytics, implementation and operations.  This role maintains RBC’s Asset Liability Management (ALM) reporting processes, advances process automation and works closely with senior management across Corporate Treasury FTP, Execution and Finance functions.

What will you do?

• Support development and implementation of models and methodologies used for measurement of Interest Rate Risk in the Banking Book (IRRBB). Review Interest Rate Risk and FTP methodologies, metrics, reporting and modelling to ensure alignment with core strategies.
• Lead on reporting automation and efficiencies for regulatory reporting, internal management reporting, and external disclosures; along with risk / sensitivity profiles, position data, behavior tracking, and compliance reporting.
• Support development of new modeling methods and capabilities enabling dynamic simulation of balance sheet product mix and pricing changes in support of earnings risk measures and stress testing.  Provide insights into model capabilities and limitations plus challenge protocols to ensure assumptions and processes are robust and well supported.  An intuitive understanding of risk models and measures is important to the role to support screening and a robust measurement process.
• Prepare and maintain documentation regarding risk measurement methodology, processes and procedures, product modeling and implementation of model enhancements.
• Keep abreast of main economic variables and market conditions across main jurisdictions (Canada, Europe and United States) and provide senior management with analysis of impact to IRRBB.

What do you need to succeed?

Must-have

• Degree in Business, Mathematics, Finance or related fields.
• 3+ years of relevant Treasury or Risk Management experience.
• Strong grasp of Asset-Liability Management concepts and practices.
• Strong ability to communicate, verbally and in writing, complex concepts to a non-technical, senior audience.
• Good understanding of business and accounting regulations.
• Solid understanding of financial principles and risk concepts.
• Good database concept and skills (SQL).

Nice-to-have

• QRM process and development skills.
• Experience with Tableau.
• MBA, CFA or FRM preferred.

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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in an agile, collaborative, progressive, and high-performing team
• The opportunity to interface with senior level executives from many different parts of the organization

Job Skills

Additional Job Details

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.

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.