Associate Director - US ALM Risk Manager

0000050176 RBC Capital Markets, LLC; Toronto; On-site; CAD 110,000 - 190,000; Full time

Job summary

A leading company in financial services is seeking an ALM Risk Management professional to oversee banking book market risk. The role involves analytical support for managing risks across large portfolios, ensuring compliance with risk management policies, and fostering a best-in-class risk oversight environment. Candidates should have a Bachelor's degree and 2+ years of experience in financial services, with strong analytical and communication skills.

Benefits

Comprehensive Total Rewards Program

Leadership support

Collaborative environment

Qualifications

• 2+ years’ experience in financial services.
• Knowledge of ALM and interest rate risk management.
• Understanding of US bank regulations related to liquidity.

Responsibilities

• Support oversight of ALM profile and management of CUSO entities.
• Conduct routine operations and maintenance activities independently.
• Ensure timely, accurate risk reporting and investigate changes in risk.

Skills

Communication

Analytical skills

Detail-oriented

Self-motivated

Organizational skills

Education

Bachelor’s Degree

Tools

MS Office

Analytical tools

Job description

What is the Opportunity?

The US GRM-Balance Sheet Risk (US GRM-BSR) group provides independent on-site monitoring, controlling, and communication regarding all material liquidity risk and banking book market risk (non-trading market risk, IRRBB) across RBC’s Combined US Operations (CUSO). This includes RBC’s US branches, agencies, RIHC, and significant entities like RBC Capital Markets LLC, City National Bank, RBC Bank Georgia, N.A. The group ensures compliance with risk management policies and procedures.

Role Overview

The incumbent supports the Lead, US ALM Risk Management and the Head, US GRM-BSR, overseeing banking book market risk within RBC CUSO, fostering a "Best of Class" risk oversight environment. The role involves providing analytical support for managing risks across large asset and liability portfolios and related risk factors at both the RBC CUSO and individual entity levels.

Key Responsibilities

1. Apply knowledge of Asset Liability Management (ALM) and support oversight of ALM profile and management of CUSO entities.
2. Coordinate within established policies and procedures, interpreting and delivering within those frameworks.
3. Conduct routine operations and maintenance activities independently.
4. Respond to moderately complex queries within ALM, adhering to policies and regulations.
5. Identify and resolve routine issues, analyze data, and prepare reports with observations and recommendations.
6. Assist in developing strategies and action plans to address technical and competency gaps.
7. Ensure data management, methodology, and models align with a strong control environment.
8. Support risk analytics using banking book market risk measurement platforms.
9. Implement risk analysis tools to understand risk drivers and changes.
10. Quantify impacts from model assumptions, including deposit duration, retail pricing, and prepayment models.
11. Create consolidated reports with sensitivity measures and stress testing, ensuring consistent aggregation.
12. Monitor activities and exposures, ensuring adherence to policies and limits.
13. Review and update policies and limits as needed.
14. Ensure timely, accurate risk reporting and investigate changes in risk.
15. Provide insights on risks versus market trends and emerging exposures.

Qualifications

• 2+ years’ experience in financial services.
• Bachelor’s Degree.
• Knowledge of ALM and interest rate risk management at large financial institutions.
• Understanding of US bank regulations related to liquidity, capital, and interest rate risk.
• Excellent communication skills.
• Strong understanding of financial risks and management approaches.
• Experience with operational processes, financial products, credit, and risk activities.
• Self-motivated, organized, detail-oriented, with multi-tasking abilities.
• Proficient in MS Office and analytical tools.
• Curious, strategic, and capable of building relationships across teams and external partners.
• Able to meet deadlines and adapt to changing priorities.

What’s in it for you?

We offer a comprehensive Total Rewards Program, leadership support, meaningful work, a collaborative environment, and opportunities to build client relationships. The salary range is $110,000 - $190,000, depending on experience and market conditions, excluding bonuses and benefits.

Additional Details

Location: Goldman Sachs Tower, 30 Hudson Street, Jersey City, USA

Work hours, employment type, platform, and application details are provided in the original posting.

Inclusion and Equal Opportunity

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