Senior Manager, Asset Liability Management (ALM) Risk Measurement

RBC; Toronto; On-site; CAD 80,000 - 100,000; Full time

Job summary

A leading Canadian bank in Toronto is seeking a qualified Risk Manager to support interest rate risk model development and balance sheet management. The ideal candidate has a degree in Business or a related field and at least 3 years of experience in Treasury or Risk Management. Responsibilities include leading reporting automation, ensuring compliance, and analyzing balance sheet strategies. This position offers competitive compensation and a collaborative work environment.

Benefits

A comprehensive Total Rewards Program including bonuses

Opportunities to do challenging work

Leaders who support your development

Qualifications

• 3+ years of relevant Treasury or Risk Management experience required.
• Strong grasp of Asset-Liability Management practices.
• Team player and self-starter, managing schedules and priorities.

Responsibilities

• Support comprehensive measurement of Interest Rate Risk in the Banking Book.
• Lead on reporting automation and efficiencies for internal management.
• Develop and execute processes to evaluate balance sheet positions.

Skills

Analytical Thinking

Balance Sheet Management

Commercial Acumen

Critical Thinking

Decision Making

Financial Regulation

Interest Rate Risk Management

Interest Rates

Risk Management

Strategic Thinking

Treasury Management

Education

Degree in Business, Mathematics, Economics or related fields

Tools

SQL

Tableau

Blue Prism

Job description

Overview

Join a strong multi-disciplinary team which supports interest rate risk model development, analytics, implementation and operations. This role maintains RBC’s Asset Liability Management (ALM) reporting processes and management decisioning support, develops and enhances ALM insights, and advances process automation. The role works closely with senior management across Corporate Treasury FTP, Analytics, Deal Team Execution, and Finance functions.

What you will do?

• Support comprehensive measurement of Interest Rate Risk in the Banking Book (IRRBB), along with responsibilities for implementing new / revised IRR methodology and model transformation.
• Lead on reporting automation and efficiencies for internal management and regulatory reporting, and external disclosures; along with risk / sensitivity profiles, position data, behavior tracking, and compliance reporting.
• Review Interest Rate Risk and FTP methodologies, metrics, reporting and modelling to ensure alignment with core strategies.
• Maintain and improve processes supporting RBC’s leadership in the area of balance sheet management, by providing cutting edge expertise in risk and performance measurement, complemented by a deep understanding of retail, derivative, and investment products.
• Contribute towards formulation of strategy in various aspects of bank balance sheet management, and assess key balance sheet strategy trends in the banking industry. Participate in what-if analysis and attribution of results. Provide analytical thought required to resolve issues in a variety of complex situations.
• Develop and execute processes and analytics to understand and evaluate balance sheet positions, ALM strategies, forecasts, and P&L outcome drivers.
• Scope and responsibilities include banking books in Canada, US, UK, EU and the Caribbean.

What do you need to succeed?

Must Have

• Degree in Business, Mathematics, Economics, Quantitative Finance, or related fields.
• 3+ years of relevant Treasury or Risk Management experience. Strong grasp of Asset-Liability Management practices.
• Strong understanding of financial principles, pricing models, financial engineering and risk concepts. Good grasp of database concepts and skills (SQL).
• Team player and self-starter with ability to manage their own schedule and priorities and meet tight deadlines. Ability to work simultaneously on multiple projects.
• Solid grasp of banking products and accounting regulations.
• Strong ability to communicate, verbally and in writing, complex concepts to a non-technical, senior audience.
• Ability to tailor analysis to required level of precision (i.e. identify 80/20 answers, or attend to details, as necessary).

Nice to Have

• QRM engine, process, and development skills
• Experience with Tableau. RPA experience, in particular Blue Prism.
• MBA, CFA or FRM preferred.

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 and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

Job Skills

Analytical Thinking, Balance Sheet Management, Commercial Acumen, Critical Thinking, Decision Making, Financial Regulation, Interest Rate Risk Management, Interest Rates, Risk Management, 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: 2025-07-04

Application Deadline: 2025-10-15

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.