Senior Manager, ALM Market Risk

Job Description

What is the opportunity?

The Senior Manager will take a leading role and undertake analysis to define, measure, assess, and provide risk insights into RBC's Non-Trading Portfolio businesses such as Pension, Executive compensation programs and FX in the Banking Book including SFX.

This role offers a unique opportunity to work closely with different business executives and with the broader risk teams in delivering independent risk oversight and advisory to ensure a complete and clear execution of RBC's market risk framework.

What will you do?

Responsible for the implementation and coordination of an integral market risk management framework for the subsidiary companies' balance sheets: Pension, Executive compensation programs and FX in the Banking Book including Structural FX.

• Build strong relationships and work collaboratively with businesses, both as independent risk fiduciary and a value-add partner
• Provide senior management with insights on potential developments, risk concentrations, and risk trends that could result in significant financial losses under adverse market conditions
• Demonstrate a deep, detailed understanding of trading and non-trading market risks at RBC as well as of the current market environment, and be able to conduct reasonability reviews of risk assessments
• Conduct regular reviews of the Risk Appetite and Risk Limits frameworks for market risk, ensuring that risks are appropriately managed, and tolerances are appropriately calibrated at the Enterprise level and by key business lines
• Develop and execute market risk projects to implement a feasible infrastructure and enable reliable market risk measures, providing requirements in the design of key components of the strategic market risk platform, and ensuring these components are delivered effectively by IT.

What do you need to succeed?

Must-have

• Degree in a financial or quantitative discipline.
• Prior experience in a market risk or ALM capacity (minimum of 5 years experience in risk management)
• A strong understanding of financial markets and trading business such as understanding of fixed income, linear interest rate (IR) derivatives, repo, and FX products (pricing, cashflow profiles, discounting) is critical; knowledge of market risk concepts (sensitivity measures, stress testing) is required.
• Collaborative mind-set and strong interpersonal skills, verbal and written communication skills.
• Strong analytical and critical-thinking skills, with a curiosity to understand the broader implications of a presented problem.
• Proficient in Microsoft Office, Bloomberg, and Tableau/Power BI, VBA and SQL to manage and interact with large datasets.
• Strong knowledge of programming languages, preferably Python

Nice-to-have

• MBA, MA or MS or equivalent with emphasis in finance, economics or a quantitative discipline (CFA, FRM or other related professional qualifications)
• Deep understanding of the bank's balance sheet composition and business lines

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
• Flexible work/life balance options

Job Skills

Capital Structure, Compensation Plans, Financial Markets, Foreign Exchange Hedging, Foreign Exchange Risk, Hedge Accounting, Hedging Strategies, Market Risk Management, Pension Plans, Pension Risk, Policy Management, Resource Coordination, Risk Management

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-10-27

Application Deadline:

2025-11-08

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.