Senior Manager, Alm Risk
Job Summary
Job Description
What is the opportunity?
The Enterprise Asset-Liability Management Risk (ALM Risk) team, within Enterprise Balance Sheet and Liquidity Risk, is RBC's second line of defense in the management of Interest Rate Risk originating in the Banking Book (IRRBB). ALM Risk provides independent oversight and monitoring of risk quantification and risk mitigation activities conducted by the first line of defense.
As Senior Manager, you will support the ALM Risk's Market Risk mandate that includes oversight of Corporate Treasury Portfolio Management and Execution and Treasury Services across North America activities, as well as enhancements to Enterprise IRRBB Risk Reporting capabilities.
What will you do?
- Enhance risk control processes to ensure measurement/reporting metrics appropriately capture underlying market risk.
- Build and maintain consolidated data set of Enterprise banking book positions, market risk, and IRRBB metrics for reporting and analytics.
- Leverage your skills in Python and SQL to develop IRRBB and other risk reporting tools on automated refresh schedules, maintained in a SQL Server database and deployed to front-end visualization tools such as Tableau.
- Assist with the migration of locally-hosted reporting tools into proprietary execution framework.
- Prioritize risk analytics to derive insights on business activity and linkage to stated strategies.
- Actively engage first-line counterparts to understand their approach to risk management.
- Prepare commentary on financial implications of changes in risk exposures, market trends and forward-looking market developments.
What do you need to succeed?
Must-have
- Degree in a financial or quantitative discipline.
- Prior experience in a market risk or ALM capacity.
- An understanding of fixed income, linear interest rate (IR) derivatives, repo, and FX products (pricing, cashflow profiles, discounting) is critical; knowledge of market risk concepts (sensitivity measures, stress testing, IRRBB metrics) is required.
- Collaborative mind-set and strong interpersonal skills, verbal and written communication skills.
- Proficiency in object-oriented programming (Python) and SQL to manage and interact with large datasets.
- Familiarity with code repositories, version controlling, and management tools such as GitHub and interacting with repositories using Git Bash or GitHub Desktop.
- Strong analytical and critical-thinking skills, with a curiosity to understand the broader implications of a presented problem.
Nice-to-have
- Graduate Degree in a relevant discipline (M.Sc., MBA), relevant professions designations (CFA, FRM)
- Deep understanding of the bank's balance sheet composition and business lines.
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 while minimizing losses to RBC.
- A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Flexible work/life balance options
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
Job Skills
Asset and Liability Management (ALM), Balance Sheets, Business Intelligence (BI), Business Intelligence (BI) Analysis, Communication, Curve Fitting, Databasing, Data Management, Fixed Income Assets, Fixed Income Valuation, Interest Rate Derivatives, Interest Rate Hedging, Interest Rate Risk, Interest Rate Risk Management, Interest Rates, Interest Rate Swap, Performance Management (PM), Python (Programming Language), SQL Databases, Structured Query Language (SQL), Tableau (Software), TeamworkAdditional Job Details
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