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Form of workJob Summary
Your role involves understanding the complexity of managing risk across large portfolios of assets, liabilities and off-balance sheet instruments, at the RBC level and within individual business lines and legal entities.
You will help meeting regulatory expectations for Liquidity Risk and the oversight of Liquidity Risks at the Bank.
Job Description
What is the opportunity?
The Group Risk Management Balance Sheet Risk (GRM-BSR) team performs the second line of defense role for all balance sheet and Liquidity Risks at the enterprise level.
As Senior Risk Manager, you support oversight of Liquidity Risk across RBC.
Your role involves understanding the complexity of managing risk across large portfolios of assets, liabilities and off-balance sheet instruments, at the RBC level and within individual business lines and legal entities.
You will help meeting regulatory expectations for Liquidity Risk and the oversight of Liquidity Risks at the Bank.
What will you do?
- Risk oversight of balance sheet models related to liquidity stress testing including parameter reviews.
- Monitor activities and exposures to ensure adherence to approved policies and limits.
- Prepare insightful analysis and commentary focusing on drivers of material changes in risk positions.
- Assist in the analysis of proposals for new products and businesses and ensure risk implications are understood and captured
- Brief senior management on emerging risks and market/regulatory developments that impact liquidity and funding.
- Maintain awareness of regulatory developments and plan for compliance to future requirements related to Liquidity Risk.
- Provide liquidity-related advice and counsel to teams across the bank for initiatives such as Recovery/Resolution Planning, EWST, MST, ad-hoc stress testing etc.
What do you need to succeed?
Must-have
- Previous experience with Balance Sheet Management, Liquidity Risk, Stress Testing and Scenario Analysis, Policy Oversight
- Deep understanding of bank's businesses and balance sheet structure & knowledge of ALM including understanding complexities of modelling of non-maturity products
- Proficient in Programming (preferably Python), SQL, Microsoft Excel VBA, Tableau
- Experience with databases and fluency with coding will be required for this role.
- Capable of managing senior executive level discussions with various stakeholders
Nice-to-have
- Experience with operations and settlement processes would be an asset for the intraday Liquidity Risk portion of the role.
- Degree in a Quantitative Discipline
What's in it for you?
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
Job Skills
Decision Making, Financial Instruments, Market Risk, Performance Management (PM), Problem Solving, Project Management, Resource Coordination, Risk ManagementAdditional Job Details
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