2027 Corporate Treasury, Winter Risk Initiatives & Infrastructure, Intern (4 Months)

0000050007 Royal Bank of Canada; Toronto; On-site; CAD 20,000 - 27,000; Full time

Job summary

Royal Bank of Canada (RBC) is offering a student coop internship in Corporate Treasury's Risk Initiatives & Infrastructure team in Toronto. You will help develop and maintain risk measurement processes and data infrastructure for structural interest rate, liquidity risk, and funds transfer pricing across retail and commercial banking portfolios.

You will gain hands-on experience with RBC's balance sheet, interest rate risk management, asset-liability management, and FTP practices while

Qualifications

• Must be currently enrolled in a relevant graduate degree (e.g., MBA, Quantitative Finance, data analytics, risk management).
• Strong systems, computer, and database skills including MS Access/Excel, VBA, Python, Tableau and SQL.

Responsibilities

• Partner with businesses to ensure product attributes are correctly captured in source systems and data feeds.
• Support monthly, weekly, and daily production processes for risk measurement and FTP.
• Collaborate with treasury analytics and FTP teams to implement methodologies and maintain risk processes.
• Assist new business initiatives by sourcing enriched, standardized risk data.
• Manage change controls to keep Treasury systems up-to-date with best practices.
• Work with Finance to align risk measurement with reported results.

Skills

MS Access

Excel

VBA

Python

Tableau

SQL

Coordination

Communication

Presentation

Analytical thinking

Attention to detail

Interpersonal skills

Time management

Education

Graduate student

Job description

Job Description As an intern, you will support RBC Corporate Treasury’s (CT) Risk Initiatives & Infrastructure (RII) team in developing, maintaining, and executing CT’s Structural Interest Rate, Liquidity Risk, and Funds Transfer Pricing measurement processes and data infrastructure, with focus on retail and commercial banking portfolios. The RII team plays a lead role in existing processes and new initiatives, through effective and efficient technology solutions. It is a critical part of a larger integrated Corporate Treasury area responsible for interest rate risk methodologies and measurement, funds transfer pricing, and the associated infrastructure, which together enable a holistic view of the balance sheet and enhance RBC’s understanding of product pricing and the relationship between profitability, funding, and interest rates. In this role, you will develop and implement the requisite risk measurement and data infrastructure and ensure execution of Corporate Treasury’s production processes, while gaining first‑hand experience with RBC’s retail and commercial banking book balance sheet and interest rate risk, asset liability management, and funds transfer pricing practices.

The right person for this role has system and data management experience, exposure to liquidity and interest rate risk, with an aptitude and affinity towards regulatory risk management in banking.

What will you do?

• Partner with businesses to ensure product attributes are correctly captured in existing and new source systems, and that Corporate Treasury's infrastructure is appropriately configured to capture relevant data feeds.
• Partner with RBC IT staff to ensure execution of monthly, weekly, and daily production processes related to interest rate and retail liquidity risk measurement, and Funds Transfer Pricing.
• Work closely with treasury's analytics and funds transfer pricing teams to implement developed methodologies and maintain appropriate risk processes.
• Support new business initiatives and strategies through sourcing enriched, standardized, and consistent risk data to Corporate Treasury.
• Manage change control processes to ensure that Corporate Treasury systems remain up‑to‑date and in line with industry leading practices.
• Work with internal partners to develop and implement effective risk data governance and controls over Corporate Treasury's data and processes.
• As necessary, collaborate with Finance to ensure risk measurement and FTP systems are aligned with results reported by Finance.
• Interact with RBC technology, Finance, and business groups, as well as third‑party vendors.

What do you need to succeed?

Must Have: Currently enrolled in and/or studying in a relevant graduate degree (e.g., MBA, Quantitative Finance, data analytics, risk management, etc.).

• Systems, computer, and database skills, including MS Access / Excel, VBA, Python, Tableau and SQL.
• Demonstrated coordination skills, while fostering a positive, collaborative, and high-performing environment.
• Excellent communication and presentation skills, with ability to communicate complex concepts in simple terms.
• Advanced data analytics, conceptual, analytical, and problem‑solving skills.
• Proven business acumen and analytical thinker.
• Requires attention to details.
• Exceptional interpersonal skills; specifically able to act as change agent, facilitator and collaborator.
• Well‑organized and detail oriented, with ability to manage multiple deliverables concurrently and meet deadlines in fast‑paced production (“run‑the‑bank”) and development (“build‑the‑bank”) environments.

Nice to Have

• Prior experience with interest rate risk and liquidity measurement and management practices and systems, in a large bank.
• Appropriate system development, data management, and MIS experience, with an aptitude for and interest in the same, in a risk measurement context.
• Understanding of banking book products and their features, with focus on retail and commercial banking product.
• Exposure to Quantitative Risk Management (QRM) treasury risk system and infrastructure.
• CFA and / or FRM designations.
• Knowledge of fixed income mathematics.
• Understanding of accounting and finance concepts and systems.
• Experience in analyzing, documenting, implementing, and executing business flows, processes, and related controls.

Please note:

In order to be eligible for these student positions, you must either: Be returning back to school after the work term end-date; or If you are not returning back to school (i.e. are graduating immediately after the work term), you must require the full work term as a mandatory component in order to graduate successfully.

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.

At RBC, you will have opportunities to:

• Interact with leaders who support your development through coaching and managing Network and build lasting relationships with students from diverse backgrounds from across Canada
• Make a difference and lasting impact through meaningful work
• Work in a dynamic, collaborative, progressive, and high‑performing team

Job Skills

• Communication
• Computer Literacy
• Detail‑Oriented
• Interpersonal Relationships
• Listening Effectively
• Personal Development
• Personal Initiative

Additional Job Details

• Address: RBC CENTRE, 155 WELLINGTON ST W:TORONTO
• City: Toronto
• Country: Canada
• Work hours/week: 37.5
• Employment Type: Full time
• Platform: OFFICE OF THE CFO
• Job Type: Student/Coop (Fixed Term)
• Pay Type: Salaried
• Posted Date: 2026-09-25
• Application Deadline: 2026-10-12
• Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

RBC is 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.

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 84,000+ employees who 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 more than 16 million clients in Canada, the U.S. and 34 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 rbc.com/community-social-impact.