Associate Director, Risk Initiatives & Infrastructure

RBC • Toronto, ON

2d • Onsite

About The Position

As a Senior Manager, you will support RBC Corporate Treasury’s Risk Initiatives & Infrastructure team. The team develops, maintains, and executes CT’s Structural Interest Rate, Liquidity Risk, and Funds Transfer Pricing measurement processes and data infrastructure, with focus on retail and commercial banking book portfolios. The 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 extensive system and data management experience, with an aptitude and interest in the same, in a risk measurement context.

Requirements

• Undergraduate degree in a quantitative field such as engineering, computer science, or mathematics with 5+ years related experience
• Systems development, data management, and/ or 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 products
• Systems and database skills, including MS Access/ Excel, VBA, Python, Tableau and SQL.
• Strong organization skills, while fostering a positive, collaborative, and high-performing environment
• Strong communication and presentation skills, with ability to communicate complex concepts in simple terms
• Strong conceptual, analytical, and problem-solving skills.
• Strong business acumen and analytical thinker with attention to detail.
• Strong 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 environments.

Nice To Haves

• CFA or FRM designations
• Knowledge of fixed income mathematics
• Prior experience with interest rate risk and liquidity measurement and management practices and systems, in a large bank
• Exposure to Quantitative Risk Management (QRM) treasury risk system and infrastructure
• Understanding of accounting and finance concepts and systems
• Experience in analyzing, documenting, implementing, and executing business flows, processes, and related controls.

Responsibilities

• 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.
• Play a lead role in 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.
• Establish and recommend IT related budgets and service level agreements.
• 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.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in an agile, collaborative, progressive, and high-performing team
• The opportunity to interface with senior level executives from many different parts of the organization

What This Job Offers

• Job Type: Full-time
• Career Level: Senior