Risk Management Specialist: Aligning Banking Book Market Risk
4 weeks ago
About Us
Royal Bank of Canada (RBC) is a leading financial institution with a strong presence in the global market. Our team is dedicated to providing innovative solutions and exceptional service to our clients.
Job Summary
This role involves working closely with the Lead, ALM Risk Management to oversee banking book market risk and funds transfer pricing activities across RBC's Combined US Operations. The successful candidate will be responsible for providing complex analytical support for managing risk across large portfolios of assets and liabilities, along with the associated risk factors.
Key Responsibilities
- Apply a working level of knowledge of Asset Liability Management (ALM), including banking book market risk, non-trading market risk, and interest rate risk in the banking book (IRRBB)
- Provide support to the Lead, ALM Risk Management on matters pertaining to the oversight of ALM and management of CUSO entities
- Work within established policies and procedures and assume responsibility for interpretation and delivery
- Demonstrate a good understanding of procedures and concepts within ALM and respond to moderately complex functional queries
- 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
- Provide independent oversight of FTP activities, including review of associated methodologies, policies, and procedures across CUSO
- Promote alignment between RBC CUSO and RBC Enterprise FTP policies, procedures, standards, and controls
- Analyze data and prepare reports of observations, and relatively simple recommendations based on findings
Required Skills and Qualifications
- 2+ years' experience in the financial services sector
- Bachelor's Degree
- Knowledge and experience in ALM, interest rate risk oversight, or funds transfer pricing at a financial institution
- Knowledge of and experience with US bank regulations for liquidity, capital, and interest rate risk management
- Strong understanding of risks in the financial services sector, effective risk management approaches, and global risk issues
- Self-starter with the ability to work independently and in an organized manner, with attention to detail, prioritize, and handle multiple work streams
Benefits
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Opportunities to build close relationships with clients
Salary Range: $85,000 - $110,000 per year
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