Manager, Liquidity Risk Measurement

RBC • Toronto, ON

2d • Onsite

About The Position

Reporting to the Associate Director, Liquidity Risk Measurement, you will be a member of the Liquidity Measurement team of RBC. You will be 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 the bank balance sheet, products, and business operations.
• 3+ years experience with financial and/or regulatory reporting in financial institutions.
• Knowledge of risk management tools and techniques desired.
• Conversant with Basel III and other regulatory developments related to liquidity.
• Excellent research and problem-solving skills.
• Collaborative and consultative team player.
• Self-starter and independent.
• Demonstrated integrity and independent thinking.
• Detail-oriented, thorough and conscientious.
• Programming skills in VBA Excel and/or SQL knowledge.

Nice To Haves

• Professional designation: CPA, CFA, or equivalent.

Responsibilities

• Prepare daily and 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 in other locations (London, New York, Luxembourg).
• Support the Associate Director 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.
• Support other team members in liquidity risk measurement team.
• 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 to provide support in an ad hoc manner.
• Manage relationships and provide meaningful information to business partners as required.

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