Risk Manager, Balance Sheet Risk
Top Benefits
About the role
Job Description
What is the Opportunity?
The Manager will support senior management in the development, implementation, and communication of complex risk management policies and processes. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.
What will you do?
- Provide timely, accurate, and complete market risk reporting and analysis by taking ownership of the end-to-end processes that facilitate the reporting stream.
- Understand, analyze and communicate the drivers, trends of risks for RBC and key sub-portfolios, and provide context therein with respect to changes in the market risk profile.
- Develop and maintain a thorough understanding of the methodologies used for Market Risk including IRRBB (sensitivities, VaR, Stress Testing, EVE and NII Risk).
- Partner with colleagues across the broader Enterprise MCCR Team, other risk and functional teams, and business units to develop analytical tools and deliver risk insights in a timely manner.
- 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 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, with linkages to externally disclosed and internally monitored financial risk metrics.
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.
- Proficient in Microsoft Office, Bloomberg, and Tableau/Power BI, VBA and SQL to manage and interact with large datasets.
- Strong knowledge of programming languages, preferably Python.
- 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 or other related professional qualifications).
- 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 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
- Opportunities to do challenging work
- Opportunities to build close relationships with clients
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.
Risk Manager, Balance Sheet Risk
Top Benefits
About the role
Job Description
What is the Opportunity?
The Manager will support senior management in the development, implementation, and communication of complex risk management policies and processes. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.
What will you do?
- Provide timely, accurate, and complete market risk reporting and analysis by taking ownership of the end-to-end processes that facilitate the reporting stream.
- Understand, analyze and communicate the drivers, trends of risks for RBC and key sub-portfolios, and provide context therein with respect to changes in the market risk profile.
- Develop and maintain a thorough understanding of the methodologies used for Market Risk including IRRBB (sensitivities, VaR, Stress Testing, EVE and NII Risk).
- Partner with colleagues across the broader Enterprise MCCR Team, other risk and functional teams, and business units to develop analytical tools and deliver risk insights in a timely manner.
- 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 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, with linkages to externally disclosed and internally monitored financial risk metrics.
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.
- Proficient in Microsoft Office, Bloomberg, and Tableau/Power BI, VBA and SQL to manage and interact with large datasets.
- Strong knowledge of programming languages, preferably Python.
- 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 or other related professional qualifications).
- 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 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
- Opportunities to do challenging work
- Opportunities to build close relationships with clients
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.