Top Benefits
About the role
Job Description
What is the opportunity?
The Group Risk Management (GRM) Balance Sheet and Liquidity Risk (BSLR) team performs the second line of defense role for all balance sheet and liquidity risks at the enterprise level.
As Senior Manager, Balance Sheet and Liquidity Risk Model Validation, you will be responsible for conducting independent oversight of methodologies, parameters, assumptions and models used for measuring interest rate risk in the banking book (IRRBB), liquidity risk, and fund transfer pricing.
You will act as a trusted advisor and effective challenger to stakeholders on all matters pertaining to BSLR methodology, parameter, assumptions and model risk.
What will you do?
- Lead and oversee validation projects of interest rate risk models and the component customer behavioral models, such as mortgage prepayment, non-maturity deposit, commitment, etc.
- Provide guidance and support to junior team members in model validation activities.
- Perform timely and effective validation of models in scope for BSLR, including assessment of model methodology, assumptions, limitations, and model performance monitoring framework.
- Assess the robustness and effectiveness of model methodology and performance by performing validation testing, such as replication, sensitivity analysis, benchmark modeling, impact analysis, etc.
- Review data aggregation and implementation to provide insights and recommendations for improvement.
- Prepare comprehensive validation reports that document the evaluation process, assessment of model methodology, data integrity, performance metrics, and testing results, along with findings and recommendations.
- Engage the methodology and model owners and users to pro-actively identify, assess, monitor, and manage model-related concerns or findings.
- Ensure that model stakeholders are aware and compliant with methodology, data configuration, and model risk findings or limitations identified in validation reviews, as well as post-production activities such as performance and limitation monitoring and outstanding finding resolution.
- Collaborate with model owners, model developers, model users, model governance, risk managers, and audit teams to ensure validation findings and recommendations are well-informed by business context and purpose.
- Ensure that RBC’s Balance Sheet and Liquidity Risk frameworks and policies meet local regulatory requirements and align with business strategies and industry best practices, and that the validation and review activities are in compliance with all the relevant enterprise and local risk policies standards and procedures.
- Create work plans and track progress to ensure that work is being completed in accordance with committed timelines and regulatory deadlines.
- Keep abreast of industry trends and regulatory developments both on model risk or liquidity risk management in general and on modal validation in particular.
What do you need to succeed?
Must-have
- Advanced university degree in a financial or quantitative discipline (such as financial engineering, mathematics, statistics, economics, finance, engineering, computer science, physics or any equivalent disciplines).
- 3+ years of work experience in financial industry, preferably in financial modeling function such as model development or model validation, or treasury asset liability management functions.
- Strong computational, data analytical, and critical thinking skills. Proficient in Excel and one or more of programming languages such as Python and SAS.
- Advanced SQL skills required.
- Strong knowledge of general banking products and regulatory requirement such as OSFI B12
- Deep understanding of bank’s businesses and balance sheet structure.
- Ability to rapidly acquire new knowledge and independently conduct research best practices in new and unfamiliar modeling areas.
- Have a collaborative mind-set and superb interpersonal skills, verbal and written communication skills.
Nice-to-have
- Relevant professional designations (CFA, FRM, etc.)
- Familiarity with QRM software is an asset
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 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
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Flexible work/life balance options
Job Skills
Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Management
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
City:
Toronto
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-04-15
Application Deadline:
2026-05-02
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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.
Not the right fit? Search for Manager, Balance Sheet and Liquidity Risk jobs in Toronto, ON
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.
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Top Benefits
About the role
Job Description
What is the opportunity?
The Group Risk Management (GRM) Balance Sheet and Liquidity Risk (BSLR) team performs the second line of defense role for all balance sheet and liquidity risks at the enterprise level.
As Senior Manager, Balance Sheet and Liquidity Risk Model Validation, you will be responsible for conducting independent oversight of methodologies, parameters, assumptions and models used for measuring interest rate risk in the banking book (IRRBB), liquidity risk, and fund transfer pricing.
You will act as a trusted advisor and effective challenger to stakeholders on all matters pertaining to BSLR methodology, parameter, assumptions and model risk.
What will you do?
- Lead and oversee validation projects of interest rate risk models and the component customer behavioral models, such as mortgage prepayment, non-maturity deposit, commitment, etc.
- Provide guidance and support to junior team members in model validation activities.
- Perform timely and effective validation of models in scope for BSLR, including assessment of model methodology, assumptions, limitations, and model performance monitoring framework.
- Assess the robustness and effectiveness of model methodology and performance by performing validation testing, such as replication, sensitivity analysis, benchmark modeling, impact analysis, etc.
- Review data aggregation and implementation to provide insights and recommendations for improvement.
- Prepare comprehensive validation reports that document the evaluation process, assessment of model methodology, data integrity, performance metrics, and testing results, along with findings and recommendations.
- Engage the methodology and model owners and users to pro-actively identify, assess, monitor, and manage model-related concerns or findings.
- Ensure that model stakeholders are aware and compliant with methodology, data configuration, and model risk findings or limitations identified in validation reviews, as well as post-production activities such as performance and limitation monitoring and outstanding finding resolution.
- Collaborate with model owners, model developers, model users, model governance, risk managers, and audit teams to ensure validation findings and recommendations are well-informed by business context and purpose.
- Ensure that RBC’s Balance Sheet and Liquidity Risk frameworks and policies meet local regulatory requirements and align with business strategies and industry best practices, and that the validation and review activities are in compliance with all the relevant enterprise and local risk policies standards and procedures.
- Create work plans and track progress to ensure that work is being completed in accordance with committed timelines and regulatory deadlines.
- Keep abreast of industry trends and regulatory developments both on model risk or liquidity risk management in general and on modal validation in particular.
What do you need to succeed?
Must-have
- Advanced university degree in a financial or quantitative discipline (such as financial engineering, mathematics, statistics, economics, finance, engineering, computer science, physics or any equivalent disciplines).
- 3+ years of work experience in financial industry, preferably in financial modeling function such as model development or model validation, or treasury asset liability management functions.
- Strong computational, data analytical, and critical thinking skills. Proficient in Excel and one or more of programming languages such as Python and SAS.
- Advanced SQL skills required.
- Strong knowledge of general banking products and regulatory requirement such as OSFI B12
- Deep understanding of bank’s businesses and balance sheet structure.
- Ability to rapidly acquire new knowledge and independently conduct research best practices in new and unfamiliar modeling areas.
- Have a collaborative mind-set and superb interpersonal skills, verbal and written communication skills.
Nice-to-have
- Relevant professional designations (CFA, FRM, etc.)
- Familiarity with QRM software is an asset
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 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
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Flexible work/life balance options
Job Skills
Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Management
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
City:
Toronto
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-04-15
Application Deadline:
2026-05-02
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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.
Not the right fit? Search for Manager, Balance Sheet and Liquidity Risk jobs in Toronto, ON
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.