Senior Manager, ALM Risk

RBC • Toronto, ON

1d • Onsite

About The Position

The enterprise Balance Sheet and Liquidity Risk management (BSLR) – ALM team provides independent risk reporting and comprehensive oversight for the bank’s interest rate risk in the banking book (IRRBB) and non-trading market risks across different business lines and jurisdiction. The Senior Manager will support the reporting and for oversight function ensuring RBC’s ALM risk management is fit for regulatory requirements and aligned with industry best practices. The role requires providing comprehensive analysis of balance sheet dynamics, risk metrics, and enterprise-level impacts to support the bank’s risk framework and strategic decisions. This role is also required to partner with business lines, including treasury (head-office and regional) units, wealth management, and other business units to support robust risk identification, measurement, monitoring, and reporting processes related to asset-liability management; as well as partner with Market & Counterparty Credit Risk (MCCR) Risk Modernization and ALM Risk Transformation teams to collaborate on broader risk capture and reporting process improvements.

Requirements

• MBA, MA, MS or equivalent in finance, economics, or a quantitative discipline; CFA, FRM, or related professional designation preferred.
• 5+ years of experience in risk management or treasury/finance functions, with specific experience in IRRBB, Banking Book risk oversight, or ALM.
• Strong understanding of balance sheet composition across retail/commercial lending, deposits, investments, and wholesale funding.
• Knowledge of relevant regulatory frameworks (OSFI B-12, Basel IRRBB standards; US regulatory expectations an asset).
• Strong analytical skills with advanced proficiency in MS Excel and Tableau; working knowledge of Python, SQL, and database tools.
• Excellent communication and stakeholder management skills, with the ability to present complex risk concepts to senior audiences.
• Self-starter with ability to work independently, manage competing priorities, and maintain attention to detail and control effectiveness.

Nice To Haves

• Deep understanding of trading and non-trading market risks as well as of the financial markets, trading businesses, exchange traded and over the counter markets.
• Excellent business writing skills, negotiation and stakeholder management skills, program delivery, project execution the ability to disrupt and challenge the status quo.

Responsibilities

• Provide support on matters pertaining to the oversight of the bank’s ALM profile and management, with a specific focus on regional/US operating units, as well as their interaction with enterprise consolidation.
• Demonstrate a good understanding of procedures and concepts within ALM and respond to moderately complex functional queries regarding Economic Value of Equity and Net Interest Income.
• Create consolidated reporting that includes additional sensitivity measures and stress testing, with consistent aggregation and integration across business lines, legal entities, etc.
• Support preparation of Risk Committee materials, including risk appetite dashboards and limit utilization summaries.
• Support ad-hoc projects, audit requirements, and control testing related to ALM risks.
• Independently conduct moderately complex routine operations and maintenance tasks while proactively enhance risk analytics, process procedure, and reporting infrastructure.
• Perform gap analyses to establish remediation plans for internal policies adherence and regulatory compliance, while addressing technical and competency gaps within oversight of ALM.
• Monitor business activities and exposures to ensure strict adherence to approved policies and limits; investigate and explain variances or emerging risk exposure against regulatory expectations.
• Conduct regular reviews of the Risk Appetite and Risk Limits frameworks to ensure risks are appropriately managed and tolerances are calibrated at both the enterprise and key business line levels.
• Mentor junior analysts within the team, supporting their development in ALM risk concepts and analytics.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits.
• competitive compensation, commissions, and stock where applicable.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• A world-class training program in financial services.
• Flexible work/life balance options.
• Opportunities to do challenging work.
• Opportunities to take on progressively greater accountabilities within the team.

What This Job Offers

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