Associate Director

3 weeks ago

Old Toronto, Canada Royal Bank of Canada Full time

Job Summary

Job Description

What is the opportunity?

The US GRM-Balance Sheet Risk (US GRM-BSR) group provides independent and effective on-site monitoring, controlling and communication on the nature and extent of all material liquidity risk and banking book market risk (non-trading market risk, interest rate risk in the banking book [IRRBB]) across RBC’s Combined US Operations (CUSO), which includes RBC’s US branches and agencies, RBC’s Intermediate Holding Company (RIHC) and its material entities: RBC Capital Markets LLC (CM LLC), City National Bank (CNB), RBC Bank Georgia, N.A. (RBC Bank). The group is relied upon to ensure the implementation of and compliance with risk management policies and procedures.

The incumbent will support the Lead, US ALM Risk Management and the Head, US GRM-BSR in the oversight of banking book market risk and funds transfer pricing (FTP) activities across RBC CUSO as part of the Group Risk Management (GRM) mandate and will promote a “Best of Class” risk oversight environment.

The role involves providing complex analytical support for managing risk across large portfolios of assets and liabilities, along with the associated risk factors. The complexity exists at both the RBC CUSO level and within individual legal entities.

What will you do?

  1. The incumbent is responsible for applying a working level of knowledge of Asset Liability Management (ALM) and Funds Transfer Pricing (FTP); a primary responsibility of this role is to provide support to the Lead, ALM Risk Management on matters pertaining to the oversight of ALM and management of CUSO entities.
  2. This role will be one of coordination, working within established policies and procedures and assuming responsibility for interpretation and delivery within established policies and procedures.
  3. Demonstrate a good understanding of procedures and concepts within ALM and respond to moderately complex functional queries.
  4. Adhere to operating policies and procedures and regulatory guidelines and make recommendations within scope of ALM and/or provide input into policy and procedure amendments.
  5. Provide independent oversight of FTP activities, including review of associated methodologies, policies, and procedures across CUSO.
  6. Promote alignment between RBC CUSO and RBC Enterprise FTP policies, procedures, standards and controls.
  7. Analyze data and prepare reports of observations, and relatively simple recommendations based on findings.
  8. Ensure a strong control environment by aligning data management, methodology and quantitative models.
  9. Understand and quantify the impacts from model and parameter assumptions employed within the banking book market risk framework, including deposit duration models, retail pricing models, and loan prepayment models.

What do you need to succeed?

  1. 2+ years’ experience in the financial services sector.
  2. Bachelor’s Degree.
  3. Knowledge and experience in ALM, interest rate risk oversight, or funds transfer pricing at a financial institution.
  4. Knowledge of and experience with US bank regulations for liquidity, capital and interest rate risk management.
  5. Strong understanding of risks in the financial services sector, effective risk management approaches and global risk issues.
  6. Strong record of work experience in financial service industry with good exposure to operational processes, financial products, credit and/or risk management activities.
  7. Self-starter with the ability to work independently and in an organized manner, with attention to detail, prioritize, and handle multiple work streams.
  8. Excellent problem solving, analytical, organizational, written and oral communication skills.

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.

  1. A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
  2. Leaders who support your development through coaching and managing opportunities.
  3. Ability to make a difference and lasting impact.
  4. Work in a dynamic, collaborative, progressive, and high-performing team.
  5. Opportunities to do challenging work.
  6. Opportunities to build close relationships with clients.

RBC’s 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:

  1. Drives RBC’s high performance culture.
  2. Enables collective achievement of our strategic goals.
  3. Generates sustainable shareholder returns and above market shareholder value.

#LI - Hybrid

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Job Skills

Additional Job Details

Address: ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City: TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: GROUP RISK MANAGEMENT

Job Type: Regular

Pay Type: Salaried

Posted Date: 2024-12-10

Application Deadline: 2024-12-31

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 embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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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 jobs.rbc.com.

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