Senior Manager, ALM Market Risk
RBC · Toronto, Canada · 28d ago
Job Description
What is the opportunity?
As a Senior Manager, you are an integral member of the Enterprise Asset-Liability Management Risk (ALM Risk) team, within Enterprise Balance Sheet and Liquidity Risk (BSLR).
BSLR is RBC’s second line of defense in the management of Interest Rate Risk in the Banking Book (IRRBB) as well as other market risks arising from the banking book. ALM Risk provides independent oversight and monitoring of risk quantification and risk mitigation activities conducted by the first line of defense.
As a Senior Manager you will support ALM Risk's Market Risk mandate by overseeing Corporate Treasury and Capital Markets Treasury, as well as other banking book business activities which expose the firm to market risks. This multifaceted role requires a strong foundation in market risk management, reporting and analytics, and process improvement with the expectation to adapt to evolving priorities and contribute to a wide range of tasks in a dynamic, collaborative environment.
In this role, you will gain broad exposure to multiple business lines and their strategies through risk management oversight and partnership with the business to achieve their objectives. This unique position allows you to add significant value by driving data-informed decisions and implementing innovative solutions that directly impact risk management outcomes. Your insights and recommendations will support Enterprise Balance Sheet and Liquidity Risk Senior Management decision-making. You will thrive in a collaborative team environment, partnering with diverse teams to deliver measurable results and establish yourself as a key contributor to RBC’s financial resilience and success.
What will you do?
- Daily monitoring and reporting of market risk exposures against limits, escalating breaches to the appropriate conduct review forums.
- Enhance risk control processes to ensure metrics appropriately capture underlying market risk.
- Present analysis to support limit requests, connecting strategic objectives to risk implications.
- Prepare deep-dive analysis on risk exposures to inform Enterprise BSLR Senior Management and Enterprise Market Risk on key topics including liquid asset portfolio management, wholesale funding programs, ALM hedging activities, and FX exposures.
- Coordinate with other GRM regional teams to perform bottom-up and top-down analysis, document business strategies, calibrate limits and achieve best practices and consistency in reporting.
- Provide market risk subject-matter expert input to recurring working groups and forums, as well as new business activities and product committees.
- Implement reporting transformation, including development of end-to-end ETL processes and visualizations, testing, and management of execution of tasks through Airflow scheduler.
- Leverage agentic AI tools to design, implement, and optimize workflows tailored to market risk management (including scenario impacts to EVE and NII, stress testing and VaR).
- Collaborate with BSLR Data Strategy team to develop internal data repositories and dashboards.
- Function as a key stakeholder partner to the first line of defense, including its trading and execution, business management, and technology teams.
What do you need to succeed?
Must-have
- University degree with emphasis in finance, economics, computer science or a quantitative discipline.
- Strong understanding of fixed income, linear interest rate (IR) derivatives, repo, and FX products (pricing, cash flow profiles, discounting) is critical; knowledge of market risk concepts (sensitivity measures, stress testing, IRRBB metrics) is required.
- More than 3 years of progressive experience in Risk Management, Capital Markets, Treasury, Product Control, and Finance, with a sound understanding of risk management frameworks.
- Ability to work autonomously with minimal supervision, coupled with a natural curiosity and eagerness to explore and solve complex problems.
- Enthusiasm to step into leadership roles to drive team deliverables, identify critical opportunities for impact, and foster a teamwork culture.
- Demonstrated expertise in leading projects, delivering results on time and within scope.
- Excellent communication skills with proven ability to simplify technical market risk concepts into clear recommendations for senior leadership.
- Strong analytical and critical-thinking skills, with a curiosity to understand the broader implications of a presented problem.
- Excellent knowledge of MS Office applications, especially Excel and PowerPoint. Familiarity with SQL and relational databases, as well as programming languages (Python and Visual Basic) and agentic coding tools such as GitHub Copilot or Claude Code.
- A strong understanding of ETL processes and data management.
Nice-to-have
- MBA, MA or MS or equivalent with emphasis in finance, economics or a quantitative discipline (CFA, FRM or other related professional qualifications).
- Familiarity with Corporate Treasury and Capital Markets Treasury strategies.
- Proficiency in building visualization dashboards in Tableau.
- Understanding of hedge accounting and economic hedges.
- Familiarity with regulatory distinctions between Trading Book and Banking Book.
- Experience working with code repositories, version controlling, and management tools such as GitHub.
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, 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
A world-class training program in financial services
Flexible work/life balance options
Opportunities to do challenging work
Job Skills
Critical Thinking, Data Analysis, Data Management, Data Query, Financial Derivatives, Fixed Income Investments, Investment Risk, Market Risk Analysis, Problem Solving, Process Improvements, Python (Programming Language), Risk Control, Risk Management, RiskMetrics, Risk Mitigation, Risk Reporting, Scenario AnalysisAdditional Job Details
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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.
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