Manager, Balance Sheet and Liquidity Risk Model Validation

RBC; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

RBC is seeking a Manager for Balance Sheet and Liquidity Risk Model Validation to oversee methodologies and models at the enterprise level. This role involves validating financial models, preparing reports, and collaborating with stakeholders to ensure compliance and effectiveness. Ideal candidates will possess advanced degrees and strong analytical skills in a dynamic team environment.

Benefits

Comprehensive rewards program

Professional development opportunities

Collaborative team environment

Flexible work/life balance options

Qualifications

• Advanced degree in financial engineering, mathematics, statistics, economics, finance, engineering, computer science, or physics.
• 1-3 years of experience in financial modeling, validation, or development is a plus.
• Relevant certifications like CFA or FRM are advantageous.

Responsibilities

• Validate models for Balance Sheet and Liquidity Risk, assessing methodology and performance.
• Prepare validation reports documenting findings and recommendations.
• Engage with model owners to manage model-related concerns.

Skills

Computational skills

Analytical skills

Critical thinking

Proficiency in Excel

Proficiency in SQL

Proficiency in Python

Interpersonal skills

Communication skills

Education

Advanced degree in quantitative or financial discipline

Tools

QRM software

Job description

Manager, Balance Sheet and Liquidity Risk Model Validation

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Job Description

Job Title: Manager, Balance Sheet and Liquidity Risk Model Validation

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 Manager, Balance Sheet and Liquidity Risk Model Validation, you will be responsible for conducting independent oversight of methodologies, parameters, assumptions, and models used in measuring banking book interest rate risk, 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, parameters, assumptions, and model risk.

Job Responsibilities:

1. Perform timely and effective validation of models for Balance Sheet and Liquidity Risk, including assessment of methodology, assumptions, limitations, and performance monitoring.
2. Assess the robustness and effectiveness of model methodology through validation testing such as replication, sensitivity analysis, benchmark modeling, and impact analysis.
3. Prepare comprehensive validation reports documenting evaluation, methodology, data integrity, performance metrics, testing results, findings, and recommendations.
4. Engage with model owners and users to identify, assess, monitor, and manage model-related concerns.
5. Ensure stakeholders are aware of validation findings, limitations, and follow-up activities.
6. Collaborate with relevant teams to ensure validation activities align with business context and regulatory standards.
7. Create work plans and track progress to meet deadlines and regulatory requirements.

Qualifications:

• Advanced degree in a quantitative or financial discipline (e.g., financial engineering, mathematics, statistics, economics, finance, engineering, computer science, physics).
• Strong computational, analytical, and critical thinking skills; proficient in Excel, SQL, and Python or similar languages.
• Basic understanding of banking products such as loans, deposits, and mortgages.
• Excellent interpersonal, verbal, and written communication skills.
• Ability to learn quickly and conduct independent research in new modeling areas.

Nice-to-have:

• 1-3 years of experience in financial modeling, validation, or development.
• Relevant certifications (CFA, FRM, etc.).
• Experience with treasury activities like asset-liability management, interest rate risk, liquidity management, or fund transfer pricing.
• Familiarity with QRM software is a plus.

What’s in it for you? We offer a comprehensive rewards program, professional development opportunities, a collaborative team environment, challenging work, and flexible work/life balance options.