Manager, Liquidity Risk Measurement

Royal Bank of Canada • Toronto, ON

4d • Onsite

About The Position

The Manager, Liquidity Risk Measurement will be a key part of the liquidity center of expertise which is responsible for measurement and analysis of consolidated liquidity position of the RBC financial group and is critical component of the overall liquidity risk management capability of RBC. The team provides regular information to the regulators and management, analyzes trends in the balance sheet and liquidity and works with regional centers and business partners in understanding balance sheet and liquidity profile of the organization.

The role includes responsibility for timely and accurate production of liquidity metrics, primarily Liquidity Coverage Ratio (LCR) and conducting ongoing analysis and forecasting of changes in liquidity and balance sheet profile. Role also supports developing, maintaining and enhancing liquidity measurement capability.

Requirements

• Strong understanding of bank balance sheet, products and business operations
• 3+ years experience with financial and/or regulatory reporting in financial institutions
• Strong analytical and problem-solving abilities with a track record of delivering evidence-based solutions
• Effective collaborator who thrives in consultative environments and builds strong cross-functional relationships
• Self-motivated professional who takes ownership of projects and drives results with minimal direction
• Principled decision-maker who demonstrates integrity and exercises sound independent judgment
• Meticulous and conscientious with exceptional attention to detail and commitment to quality
• Knowledge of VBA and basic SQL functions (joins, select)

Nice To Haves

• Professional designation: CPA or CFA preferred
• Knowledge of risk management tools and techniques
• Conversant with Basel III and other regulatory developments related to liquidity

Responsibilities

• Prepare monthly Liquidity Metric report, including data checks, corrections, validation and analysis of the results
• Analyze short-term changes and long-term trends in balance sheet and liquidity position, update forecasts and projections
• Liaise with internal partners to understand and explain dynamics of the liquidity metrics
• Prepare other liquidity metrics and reports on weekly, monthly and quarterly report
• Prepare analytical reports for management and other internal business partners
• Support and coordinate with Corporate Treasury teams globally
• Support the Associate Director and wider team in special projects, ad-hoc analyses and presentations.
• Ensure that the calculation of the metric is compliant with the liquidity risk measurement governance framework. Support necessary liquidity risk measurement governance processes, provide support for management attestations and for the review of the metric by auditors and regulators
• Monitor and analyze impacts of any changes in the LCR calculation prescribed by the regulator. Manage and validate implementation of the changes in the LRM system
• Liaise with business partners on explaining period over period drivers of LCR
• Design and improve existing controls as well as improve overall efficiency of existing processes
• Act as subject matter expert for the respective liquidity metric, manage relationships and provide meaningful information to business partners

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: Manager
• Education Level: No Education Listed