Director, Liquidity Risk Analytics

Job Description

What is the Opportunity? The US GRM-Balance Sheet Risk (US GRM-BSR) group provides independent and effective on-site monitoring, controlling and communication on the nature and extent of all material liquidity risk and banking book market risk (non-trading market risk, interest rate risk in the banking book IRRBB ) across RBC’s Combined US Operations (CUSO), which includes RBC’s US branches and agencies, RBC’s Intermediate Holding Company (RIHC) and its material entities : RBC Capital Markets LLC (CM LLC), City National Bank (CNB), RBC Bank Georgia, N.

A. (RBC Bank). The group is relied on to ensure the implementation of and compliance with risk management policies and procedures.

The incumbent will report to the Lead, US Liquidity Risk Management in support of the oversight of the liquidity risk across RBC CUSO as part of the Group Risk Management (GRM) mandate and will develop and 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?

Assist in the continued development and enhancement of the liquidity risk management framework and controls for US Operations as required by Regulation YY (US Enhanced Prudential Standards).

Assist in the independent risk management assessment of US funding and liquidity management functions and evaluate the effectiveness of liquidity risk management strategies based on quantitative and qualitative analytics, including (but not limited to) :

Methods and models used to manage liquidity (e.g., cash flow projections, Internal Liquidity Stress Tests, LCR, NSFR computations, etc.);

The Contingency Funding Plan; and

Funds Transfer Pricing

Assist in the establishment and monitoring of liquidity limits.

Assist in the review and assessment of the liquidity impact of new products and business lines on the liquidity of RBC CUSO relative to established liquidity risk tolerance.

Assist in the independent risk management assessment of 1LOD (Corporate Treasury, Central Funding Group, Investor & Treasury Services) activities and evaluate the effectiveness of liquidity risk management strategies based on quantitative and qualitative analytics.

Utilize the Bank’s 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 liquidity risk management framework.

Analyze and use complex and sophisticated data to prepare high level reports of observations, and recommendations based on findings.

Assist in the development and enhancement of 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

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

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?

5+ years’ experience in the financial services sector

Bachelor’s Degree.

Other Required Qualifications :

Knowledge and experience in liquidity 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.

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

• The good-faith expected salary range for the above position is $160,000 - $250,000 (NJ) 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 philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that : · Drives RBC’s high performance culture· Enables collective achievement of our strategic goals· Generates sustainable shareholder returns and above market shareholder value Job Skills Analytical Thinking, Business Analytics, Business Case Design, Business Performance Management, Commercial Acumen, Organizational Leadership, Results-Oriented, Risk Management, Strategic Thinking, Treasury Management Additional Job Details

Address :

GOLDMAN SACHS TOWER, 30 HUDSON STREET : JERSEY CITY

City : Jersey City

Jersey City

Country :

United States of America

Work hours / week : Employment Type :

Employment Type : Full time

Full time

Platform :

GROUP RISK MANAGEMENT

Job Type : Regular

Regular

Pay Type : Salaried

Salaried

Posted Date : 2024-05-17

2024-05-17

Application Deadline :

I nclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work.

We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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