ALM Risk Manager

About the role

The US GRM-Balance Sheet Risk (US GRM-BSR) group within Group Risk Management (GRM) provides independent and effective monitoring, controlling, and communication on the nature and extent of all material liquidity risk and banking book market risk across RBC's Combined US Operations (CUSO). The US GRM-Balance Sheet Risk Analyst supports this mandate by providing complex analytical support in managing risk across large portfolios of assets and liabilities within RBC's combined US operations. Working at both the CUSO consolidated level and within individual legal entities, this role ensures implementation of and compliance with risk management policies and procedures while providing substantive technical expertise in banking book market risk, non-trading market risk, and interest rate risk in the banking book (IRRBB).

Responsibilities

• Apply working-level knowledge of ALM and banking book market risk management across CUSO entities.
• Provide direct support to the Lead, ALM Risk Management on matters pertaining to ALM profile oversight and entity management.
• Demonstrate strong understanding of ALM procedures and concepts and respond to moderately complex functional queries.
• Coordinate work activities within established policies and procedures.
• Interpret and deliver within established policy frameworks.
• Regularly review existing policies and limits, proposing updates and revisions where necessary.
• Create consolidated reporting that includes sensitivity measures and stress testing with consistent aggregation across business lines and legal entities, providing timely and accurate risk reporting.
• Ensure strong control environment through alignment of data management, methodology, and quantitative models.
• Provide insight on key risks and exposures versus market trends and potential events.
• Understand and quantify impacts from model and parameter assumptions within the banking book market risk framework.
• Evaluate both quantitative and qualitative assumptions employed in risk frameworks (i.e., Deposit duration models, and loan prepayment models).
• Monitor activities and exposures to ensure adherence to approved policies and limits.
• Identify and provide insight on emerging risk exposure while investigating and understanding changes in risk exposures.

Requirements

• 2+ years' experience in the financial services sector.
• Bachelor's Degree.
• Self-starter with the ability to work independently and in an organized manner, with attention to detail, prioritize, and handle multiple work streams.

Qualifications

• Knowledge and experience in ALM and interest rate risk management at a large financial institution.
• Strong understanding of risks in the financial services sector, effective risk management approaches and global risk issues.

Benefits

• A comprehensive Total Rewards Program including competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• 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.

Pay

The expected salary range for this particular position is $120,000-$200,000 (California) depending on your experience, skills, and registration status, market conditions and business needs. You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.