Associate Director, Balance Sheet Modeling

0000055739 RBC Insurance Agency Ltd.; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

A leading financial institution in Toronto is seeking an experienced Associate Director to lead balance sheet modeling efforts. The role includes designing forecasting models to support asset-liability management and risk management. The ideal candidate will have significant experience in financial modeling within a banking context, analytical skills, and the ability to effectively communicate complex concepts. This full-time position offers competitive compensation and opportunities for career advancement.

Benefits

Comprehensive Total Rewards Program

Access to top-tier learning resources

Excellent career development opportunities

Dynamic work environment

Qualifications

• Minimum of 3 years of experience in corporate treasury, ALM, risk management.
• Expert knowledge in survival analysis modeling frameworks.
• Solid understanding of bank balance sheet structure and associated risks.

Responsibilities

• Design, develop and maintain balance sheet forecasting models.
• Partner with Treasury and Business Units for alignment on forecasts.
• Translate complex balance sheet behaviors into quantitative frameworks.

Skills

Analytical Thinking

Financial Risk Modeling

Statistical Models

Critical Thinking

Decision Making

Education

Bachelor’s or Master’s degree in Finance, Economics, Statistics, Mathematics or Engineering

Tools

Python

R

SAS

SQL

Job description

Associate Director, Balance Sheet Modeling page is loaded

Associate Director, Balance Sheet Modeling

Apply locations TORONTO, Ontario, Canada time type Full time posted on Posted Yesterday time left to apply End Date: August 25, 2025 (22 days left to apply) job requisition id R-0000134392

Job Description

What is the opportunity?

The corporate treasury team is seeking a highly motivated Associate Director to lead the development and enhancement of forecasting models used to project the Bank’s balance sheet under various business and economic scenarios. This role plays a critical function in supporting strategic planning, risk management, asset-liability management, and regulatory forecasting requirements.

The successful candidate will bring a strong understanding of balance sheet dynamics, asset-liability modeling, and banking products, with a proven ability to translate complex financial concepts into robust quantitative models.

What will you do?

• Design, develop and maintain balance sheet forecasting models to support ALM, interest rate risk management, liquidity planning , and regulatory stress testing

• Partner with Treasury, Risk, Finance and Business Units to gather assumptions and ensure alignment across business forecasts.

• Develop scenario analysis capabilities through simulation to assess the impact of economic and rate shocks on the balance sheet and net interest income

• Translate complex balance sheet behaviors (e.g. prepayment, deposit decay, reinvestment strategy) into quantitative modeling frameworks

• Ensure models meet internal governance and external regulatory standards, including documentation, validation and audit readiness

• Monitor model performance and enhance methodologies to reflect changes in the economic environment and banking behavior

• Provide technical leadership to junior analysts and collaborate with model validators and other stakeholders

What do you need to succeed?

Must-have:

• Bachelor’s or Master’s degree in quantitative discipline such as Finance, Economics, Statistics, Mathematics, Engineering or a related field

• Minimum of 3 years of experience in financial institution, preferably in corporate treasury, ALM, risk management, interest rate risk, liquidity risk, and behavioral modeling

• Expert knowledge in survival analysis modeling frameworks and working knowledge of Monte Carlo simulation

• Solid understanding of bank balance sheet structure, interest rate risk, liquidity risk and behavioral modeling

• Experience with numerical modeling tools (e.g. Python, R, SAS, SQL)

Nice to have:

• Strong analytical, problem-solving, and communication skills, with the ability to present complex material to non-technical stakeholders

• Familiarity with regulatory frameworks (e.g. IRRBB, Basel III) is a strong asset

• Experience working with ALM systems (e.g. QRM, BancWare)

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 operate collaboratively in an office environment where we are onsite 4 days per week. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• Excellent exposureto communicate with various business partners and stakeholders

• Opportunity to obtain hands-on experience throughout your role

• Working with an exciting, close-knit, supportive & dynamic group

• Opportunity to collaborate with other business segments within RBC

• Access to top tier learning resources to help shape your professional career

• Excellent career development and progression opportunities

• A comprehensive Total Rewards Program including bonuses and flexible benefits

• Competitive compensation

• “Best in Class” Employee Recognition Program

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

* Drives RBC’s high-performance culture

* Enables collective achievement of our strategic goals

* Generates sustainable shareholder returns and above market shareholder value

Job Skills

Analytical Thinking, Balance Sheets, Business, Commercial Acumen, Critical Thinking, Decision Making, Finance, Financial Modeling, Financial Reporting and Analysis, Financial Risk Modeling, Financial Simulations, Long Term Planning, Market Liquidity, Risk Management, Simulation Models, Statistical Models, Statistics, Strategic Thinking, Treasury Management

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:

Regular

Pay Type:

Salaried

Posted Date:

2025-08-01

Application Deadline:

2025-08-25

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At 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.

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About Us

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 .