US ALM Risk Manager

Royal Bank Of Canada Los Angeles , CA 90009

Posted 11 months ago

What is the opportunity?

  • The US GRM-Balance Sheet Risk group provides independent and effective on-site monitoring, controlling and communication on the nature and extent of all material liquidity and market risks (non-trading, structural interest rate risk). 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-Balance Sheet Risk (US GRM-BSR) in the oversight of the market risk across the non-trading activity of RBC's combined US operations (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.

What will you do?

  • The incumbent is responsible for applying a senior working level of knowledge of Asset Liability Management (ALM) (also referred to as non-trading market risk, or Structural Interest Rate Risk
  • SIRR); a primary responsibility of this role is to provide support to the Lead, ALM Risk Management on matters pertaining to the oversight of the ALM/SIRR profile and management of CUSO entities.
  • This role will be one of coordination, working within established policies and procedures and assuming responsibility for interpretation and delivery within established policies and procedures.

  • Independently conduct moderately complex routine operations and maintenance support activities.

  • Demonstrate a good understanding of procedures and concepts within ALM/SIRR and respond to moderately complex functional queries.

  • Adhere to operating policies and procedures and regulatory guidelines and make recommendations within scope of ALM/SIRR and/or provides input into policy and procedure amendments.

  • Identify and independently resolve moderately complex routine issues in the context of ALM/SIRR.

  • Analyze data and prepares reports of observations, and relatively simple recommendations based on findings.

  • Generally execute on approved strategy but may assist in the development of strategies/action plans to address technical and competency gaps within oversight of ALM/SIRR.

  • Ensure a strong control environment by aligning data management, methodology and quantitative models

  • Utilize the Bank's SIRR and Liquidity Risk measurement platforms to support risk analytics

  • Implement risk analysis tools to allow for deeper understanding of risk drivers and changes.

  • Understand and quantify the impacts from model and parameter assumptions (quantitative and qualitative) employed within the non-trading market risk framework, including deposit duration models, retail pricing models, and loan prepayment models

  • Create consolidated reporting that includes additional sensitivity measures and stress testing, with consistent aggregation and integration across business lines, legal entities, etc.

  • 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 and understood

  • Provide insight on key risks and exposures versus market trends and potential events to identify and provide insight on emerging risk exposures

What do you need to succeed?

  • 2+ years' experience in the financial services sector

  • Bachelor's Degree.

Other Required Qualifications:

  • 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, effective risk management approaches and global risk issues.

  • Strong record of work experience in financial service industry with good 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, with attention to detail, prioritize, and handle multiple work streams

  • 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. Strong interpersonal skills with ability to develop and maintain relationships across business platforms and control functions of RBC, as well as with external counterparts

  • Ability to meet tight deadlines and work with changing priorities in a dynamic team environment.

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.

  • 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

About RBC

Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit

Inclusion and Equal Opportunity Employment

RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.


City: Los Angeles

Address: CA

Work Hours/Week: 40+

Work Environment: Office

Employment Type: Regular

  • U.S.

Career Level: Experienced Hire/Professional

Pay Type: Salaried

Position Level: PL08

Required Travel(%): 0-25

Exempt/Non-Exempt: Exempt

People Manager: No

Application Deadline: 06/01/2019

Req ID: 186451

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US ALM Risk Manager

Royal Bank Of Canada