Senior Interest Rate Risk Analyst

Job Summary

Job Description

WHAT IS THE OPPORTUNITY?

The Combined US Operations (CUSO) Treasury is undertaking a complex enterprise-wide initiative as part of ongoing efforts to improve Interest Rate Risk in the Banking Book (IRRBB) management across the organization. CUSO ALM Analyst will play an instrumental role in the CUSO-wide project to implement QRM and develop comprehensive modeling process. This role will be responsible for providing support for the IRRBB measurement, monitoring, and management across several RBC CUSO entities calculating and analyzing monthly EVE/NII/KRD metrics, setting up and maintaining QRM model, developing and documenting modeling assumptions, NII backtesting and sensitivity testing of modeling assumptions.

WHAT WILL YOU DO?

• With a high level of independence, produce all IRRBB metrics such as NII, EVE, and KRD for major CUSO entities.

• Assist in development, support, maintenance, and documentation of model methodologies and procedures for QRM models.

• Monitor compliance of IRRBB metrics with all applicable limits. Escalate to the senior management increased levels of IRR exposures.

• Ensure accuracy and completeness of   data used in QRM.

• Perform backtesting and sensitivity analysis of modeling assumptions.

• Communicate with various teams across the CNB and CUSO to develop accurate and reasonable assumptions for IRRBB models.

• Support updates of IRRBB policies and procedures.

• Support Treasury reporting related to ALCO.

• Conduct various research and analysis as required to support as related to interest rate risk and balance sheet management. 

• Establish strong working relationships within Treasury and across business units and platforms.

WHAT DO YOU NEED TO SUCCEED?

Must have:

• Minimum 5 years of banking experience and with minimum of 3 years of Treasury with focus in interest rate risk and balance sheet management. 

• Understanding of Treasury operations, IRRBB management and ALM practice, strong analytical skills. Hands on experience with QRM.

• Extensive experience with Microsoft Excel, Word, Power Point, SQL, and other data management tools.

• Demonstrated ability in written and oral communication skills along with strong presentation skills. Ability to determine the information and communication needs of the stakeholders and project.

• Strong time management capabilities. Deadline-driven and results-oriented; able to meet consistently high-quality standards while handling a variety of tasks and deadlines simultaneously.

Nice-to-have: 

• MBA or advanced degree in a related field. CFA certification.

• Strategic thinker with excellent interpersonal skills to work across functions and businesses.

• Ability to develop/improve processes for data management and various analysis. Experience with data management tools such as Alteryx and Snowflake.

• Ability to resolve routine questions and problems and refers more complex issues to higher levels. Ability to distinguish one from another.

• Experience with Tableau

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, 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

• A world-class training program in financial services

• Flexible work/life balance options

• Opportunities to do challenging work

The good-faith expected salary range for the above position is $110,000 - $180,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation