Senior Manager, Balance Sheet Risk Model Validation Expert
1 month ago
The Group Risk Management (GRM) Balance Sheet and Liquidity Risk (BSLR) team is responsible for the second line of defense for all balance sheet and liquidity risks at the enterprise level. As Senior Manager, BSLR Methodology Governance and Model Validation, you will oversee the independent validation of methodologies, parameters, assumptions, and models used for measuring banking book interest rate risk and liquidity risk.
Key Responsibilities- Lead and oversee validation projects, providing guidance and support to junior team members in model validation activities.
- Ensure that RBC's Balance Sheet Risk frameworks and policies meet local regulatory requirements and align with business strategies and industry best practices.
- Perform timely and effective validation of models in scope for Balance Sheet and Liquidity Risk, including assessment of model methodology, assumptions, and model performance monitoring framework.
- Develop and implement testing models to assess model methodologies and performance.
- Review model methodologies/assumptions and interpret model outputs to provide insights and recommendations for improvement.
- Prepare and review comprehensive reports that document validation findings and recommendations for management, regulator, and audit reviews.
- Engage the methodology and model owners and users to pro-actively identify, assess, monitor, and manage model-related concerns or issues.
- Manage stakeholder relationships to ensure validation findings and recommendations are appropriately informed by business purpose and context.
- Create work plans and track progress to ensure that work is being completed in accordance with committed timelines and regulatory deadlines.
- Advanced university degree in a financial or quantitative discipline.
- Previous experience in Balance Sheet Management, IRRBB and Liquidity Risk, Policy Oversight, and knowledge of ALM.
- Ability to learn quickly and to independently conduct research on best practices in new and unfamiliar modeling areas.
- Collaborative mind-set and superb interpersonal skills, verbal and written communication skills.
- Strong computational, analytical, and critical thinking skills.
- A comprehensive Total Rewards Program including bonuses and flexible benefits.
- Leaders who support your development through coaching and managing opportunities.
- Work in a dynamic, collaborative, progressive, and high-performing team.
- Opportunities to do challenging work.
- Flexible work/life balance options.
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Toronto, Ontario, Canada Royal Bank of Canada Full timeJob DescriptionWhat is the Opportunity?The Group Risk Management (GRM) team within Royal Bank of Canada is responsible for performing the second line of defense role for all balance sheet and liquidity risks at the enterprise level. As Senior Manager, BSLR Methodology Governance and Model Validation, you will be responsible for conducting independent...
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