US ALM Risk Manager

Royal Bank of Canada • Los Angeles, CA

91d • $110,000 - $165,000

About The Position

The US GRM-Balance Sheet Risk (US GRM-BSR) group provides independent and effective on-site monitoring, controlling and communication on the nature and extent of all material liquidity risk and banking book market risk (non-trading market risk, interest rate risk in the banking book [IRRBB]) across RBC's Combined US Operations (CUSO), which includes RBC's US branches and agencies, RBC's Intermediate Holding Company (RIHC) and its material entities: RBC Capital Markets LLC (CM LLC), City National Bank (CNB), RBC Bank Georgia, N.A. (RBC Bank). The group is relied up to ensure the implementation of and compliance with risk management policies and procedures. The incumbent will support the Lead, US ALM Risk Management and the Head, US GRM-BSR in the oversight of banking book market risk across RBC CUSO as part of the Group Risk Management (GRM) mandate and will promote a "Best of Class" risk oversight environment. The role involves providing complex analytical support for managing risk across large portfolios of assets and liabilities, along with the associated risk factors. The complexity exists at both the RBC CUSO level and within individual legal entities.

Requirements

• 2+ years' experience in the financial services sector.
• Bachelor's Degree.
• Knowledge and experience in ALM and interest rate risk management at a large financial institution.
• Knowledge of and experience with US bank regulations for liquidity, capital and interest rate risk management.
• Excellent oral and written communication skills.
• Strong understanding of risks in the financial services sector and effective risk management approaches.
• Strong record of work experience in financial service industry with exposure to operational processes, financial products, credit and/or risk management activities.
• Self-starter with the ability to work independently and in an organized manner.
• Excellent problem solving, analytical, organizational, written and oral communication skills.
• Good personal computing skills, with knowledge of MS Office programs.
• Intellectual curiosity, global and strategic mindset with ability to think conceptually.
• Diplomatic and an effective consensus builder with strong interpersonal skills.
• Ability to meet tight deadlines and work with changing priorities in a dynamic team environment.

Responsibilities

• Apply a working level of knowledge of Asset Liability Management (ALM) and provide support to the Lead, ALM Risk Management.
• Coordinate within established policies and procedures, assuming responsibility for interpretation and delivery.
• Independently conduct moderately complex routine operations and maintenance support activities.
• Demonstrate a good understanding of procedures and concepts within ALM and respond to moderately complex functional queries.
• Adhere to operating policies and procedures and regulatory guidelines, making recommendations within scope of ALM.
• Identify and independently resolve moderately complex routine issues in the context of ALM.
• Analyze data and prepare reports of observations and simple recommendations based on findings.
• Execute on approved strategy and assist in the development of strategies/action plans to address technical and competency gaps.
• Ensure a strong control environment by aligning data management, methodology and quantitative models.
• Utilize the Bank's banking book market risk measurement platforms to support risk analytics.
• Implement risk analysis tools for deeper understanding of risk drivers and changes.
• Understand and quantify impacts from model and parameter assumptions within the banking book market risk framework.
• Create consolidated reporting that includes additional sensitivity measures and stress testing.
• Monitor activities and exposures to ensure adherence to approved policies and limits.
• Regularly review existing policies and limits, proposing updates and revisions where necessary.
• Ensure risk reporting is timely and accurate and changes in risk are properly investigated.
• Provide insight on key risks and exposures versus market trends and potential events.

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.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree