Director of Risk Management

6 days ago


Raleigh, North Carolina, United States Royal Bank of Canada> Full time
About the Role

We are seeking a highly skilled and experienced Associate Director to join our Group Risk Management team at Royal Bank of Canada. As a key member of our team, you will be responsible for providing independent and effective on-site monitoring, controlling and communication on the nature and extent of all material liquidity risk and banking book market risk across our Combined US Operations.

Key Responsibilities
  • Support the Lead, US ALM Risk Management and the Head, US GRM-BSR in the oversight of banking book market risk and funds transfer pricing activities across RBC CUSO.
  • Provide complex analytical support for managing risk across large portfolios of assets and liabilities, along with the associated risk factors.
  • Coordinate with established policies and procedures and assume responsibility for interpretation and delivery within established policies and procedures.
  • Adhere to operating policies and procedures and regulatory guidelines and make recommendations within scope of ALM and/or provide input into policy and procedure amendments.
  • Provide independent oversight of FTP activities, including review of associated methodologies, policies, and procedures across CUSO.
  • Analyze data and prepare reports of observations, and relatively simple recommendations based on findings.
  • Understand and quantify the impacts from model and parameter assumptions (quantitative and qualitative) employed within the banking book market risk framework.
  • Create consolidated reporting that includes additional sensitivity measures and stress testing, with consistent aggregation and integration across business lines, legal entities, etc.
Requirements
  • 2+ years' experience in the financial services sector.
  • Bachelor's Degree.
  • Knowledge and experience in ALM, interest rate risk oversight, or funds transfer pricing at a financial institution.
  • Knowledge of and experience with US bank regulations for liquidity, capital and interest rate risk management.
  • 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.
  • 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.
What We Offer
  • 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.


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