Associate Director - Group Risk Management - Balance Sheet and Liquidity Risk
Top Benefits
About the role
What is the opportunity? You will be joining the Balance Sheet and Liquidity Risk (BSLR) team in London, with the Group Risk Management (GRM) function of the Royal Bank of Canada. You will be part of a dynamic, global team.
The Associate Director role provides independent second line oversight of RBC’s Liquidity and Interest Rate Risk in the Banking Book in UK and Europe, in line with the responsibilities set out in RBC’s enterprise policies.
The Associate Director will work very closely with Corporate Treasury London and Treasury Services London to review and challenge processes and proposals. This requires partnering with them to understand the impact of new and changed regulations and to communicate any issues clearly to management.
This mandate requires excellent collaboration with the wider GRM Balance Sheet and Liquidity Risk team for a global perspective and Corporate Treasury, Treasury Services, Finance, and other groups for a local perspective.
What will you do?
- Responsible for providing independent regional oversight for Liquidity and Interest Rate Risk in the Banking Book in UK and Europe; ensuring compliance with policies and regulations.
- Independently review methodologies, models, parameters, and assumptions used for liquidity and interest rate risk measurement, including stress testing.
- Understand Corporate Treasury’s reporting process and leverage that knowledge to provide effective review and challenge to those processes and assumptions documents prior to recommending approval.
- Be able to work within the local and enterprise governance structure and drive changes to gain efficiencies.
- Produce presentations and communications that accurately summarise GRM concerns and conditions of approvals; be able to present in various committees both on a local and global level.
- Keep up to date on new regulations and be able to summarise and articulate any concerns and challenge decisions made by Corporate Treasury.
- Establish and maintain excellent relationships with stakeholders to ensure an effective and collaborative work environment.
- Maintain an organised and up-to-date library of documents for BLSR Europe, including approved local frameworks, policies, assumptions, and regulatory guidance.
- Diarise upcoming committees and package dates, regulatory discussions and submissions, policy refresh due dates, audit point action plan due dates, and all similar events, and prompt relevant contributors to deliver items to BSLR for review in a timely manner, or for BSLR to submit documents in a timely manner.
What do you need to succeed?
Must-have
- Risk management experience obtained in a financial institution or other comparable environment, including some experience in an enterprise risk management.
- Strong academic background.
- Strong interpersonal, communication and influencing skills.
- Understanding of RBC’s businesses in Europe.
- Understanding of liquidity and funding risk.
- Strong analytical skills and knowledge of financial models.
- Strong understanding of the regulatory environment.
- Strong oral and written communication and interpersonal skills.
- Ability to work under pressure against tight deadlines.
- Independently manage a significant and diverse workload.
- Ability to accept accountability, assume leadership and demonstrate initiative.
Nice-to-have
- Masters' degree in Business/Finance.
- Experience in legal entity risk.
- Strong understanding of global financial markets and trading products.
- Understanding of stress test methodologies and knowledge of valuation models for trading products.
What is 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 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, flexible benefits and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Opportunities to work with the best in the field
- 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.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Associate Director - Group Risk Management - Balance Sheet and Liquidity Risk
Top Benefits
About the role
What is the opportunity? You will be joining the Balance Sheet and Liquidity Risk (BSLR) team in London, with the Group Risk Management (GRM) function of the Royal Bank of Canada. You will be part of a dynamic, global team.
The Associate Director role provides independent second line oversight of RBC’s Liquidity and Interest Rate Risk in the Banking Book in UK and Europe, in line with the responsibilities set out in RBC’s enterprise policies.
The Associate Director will work very closely with Corporate Treasury London and Treasury Services London to review and challenge processes and proposals. This requires partnering with them to understand the impact of new and changed regulations and to communicate any issues clearly to management.
This mandate requires excellent collaboration with the wider GRM Balance Sheet and Liquidity Risk team for a global perspective and Corporate Treasury, Treasury Services, Finance, and other groups for a local perspective.
What will you do?
- Responsible for providing independent regional oversight for Liquidity and Interest Rate Risk in the Banking Book in UK and Europe; ensuring compliance with policies and regulations.
- Independently review methodologies, models, parameters, and assumptions used for liquidity and interest rate risk measurement, including stress testing.
- Understand Corporate Treasury’s reporting process and leverage that knowledge to provide effective review and challenge to those processes and assumptions documents prior to recommending approval.
- Be able to work within the local and enterprise governance structure and drive changes to gain efficiencies.
- Produce presentations and communications that accurately summarise GRM concerns and conditions of approvals; be able to present in various committees both on a local and global level.
- Keep up to date on new regulations and be able to summarise and articulate any concerns and challenge decisions made by Corporate Treasury.
- Establish and maintain excellent relationships with stakeholders to ensure an effective and collaborative work environment.
- Maintain an organised and up-to-date library of documents for BLSR Europe, including approved local frameworks, policies, assumptions, and regulatory guidance.
- Diarise upcoming committees and package dates, regulatory discussions and submissions, policy refresh due dates, audit point action plan due dates, and all similar events, and prompt relevant contributors to deliver items to BSLR for review in a timely manner, or for BSLR to submit documents in a timely manner.
What do you need to succeed?
Must-have
- Risk management experience obtained in a financial institution or other comparable environment, including some experience in an enterprise risk management.
- Strong academic background.
- Strong interpersonal, communication and influencing skills.
- Understanding of RBC’s businesses in Europe.
- Understanding of liquidity and funding risk.
- Strong analytical skills and knowledge of financial models.
- Strong understanding of the regulatory environment.
- Strong oral and written communication and interpersonal skills.
- Ability to work under pressure against tight deadlines.
- Independently manage a significant and diverse workload.
- Ability to accept accountability, assume leadership and demonstrate initiative.
Nice-to-have
- Masters' degree in Business/Finance.
- Experience in legal entity risk.
- Strong understanding of global financial markets and trading products.
- Understanding of stress test methodologies and knowledge of valuation models for trading products.
What is 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 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, flexible benefits and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Opportunities to work with the best in the field
- 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.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.