Senior Manager, ALM Market Risk

Job Description What is the opportunity?

As a Senior Manager, you are an integral member of the Enterprise Asset-Liability Management Risk (ALM Risk) team, within Enterprise Balance Sheet and Liquidity Risk (BSLR). BSLR is RBC’s second line of defense in the management of Interest Rate Risk in the Banking Book (IRRBB) as well as other market risks arising from the banking book. ALM Risk provides independent oversight and monitoring of risk quantification and risk mitigation activities conducted by the first line of defense.

As a Senior Manager you will support ALM Risk’s Market Risk mandate by overseeing Corporate Treasury and Capital Markets Treasury, as well as other banking book business activities which expose the firm to market risks. This multifaceted role requires a strong foundation in market risk management, reporting and analytics, and process improvement with the expectation to adapt to evolving priorities and contribute to a wide range of tasks in a dynamic, collaborative environment.

In this role, you will gain broad exposure to multiple business lines and their strategies through risk management oversight and partnership with the business to achieve their objectives. This unique position allows you to add significant value by driving data-informed decisions and implementing innovative solutions that directly impact risk management outcomes. Your insights and recommendations will support Enterprise Balance Sheet and Liquidity Risk Senior Management decision-making.

You will thrive in a collaborative team environment, partnering with diverse teams to deliver measurable results and establish yourself as a key contributor to RBC’s financial resilience and success.

• Daily monitoring and reporting of market risk exposures against limits, escalating breaches to the appropriate conduct review forums.
• Enhance risk control processes to ensure metrics appropriately capture underlying market risk.
• Present analysis to support limit requests, connecting strategic objectives to risk implications.
• Prepare deep-dive analysis on risk exposures to inform Enterprise BSLR Senior Management and Enterprise Market Risk on key topics including liquid asset portfolio management, wholesale funding programs, ALM hedging activities, and FX exposures.
• Coordinate with other GRM regional teams to perform bottom-up and top-down analysis, document business strategies, calibrate limits and achieve best practices and consistency in reporting.
• Provide market risk subject-matter expert input to recurring working groups and forums, as well as new business activities and product committees.
• Implement reporting transformation, including development of end-to-end ETL processes and visualizations, testing, and management of execution of tasks through Airflow scheduler.
• Leverage agentic AI tools to design, implement, and optimize workflows tailored to market risk management (including scenario impacts to EVE and NII, stress testing and VaR).
• Collaborate with BSLR Data Strategy team to develop internal data repositories and dashboards.
• Function as a key stakeholder partner to the first line of defense, including its trading and execution, business management, and technology teams.

• University degree with emphasis in finance, economics, computer science or a quantitative discipline.
• Strong understanding of fixed income, linear interest rate (IR) derivatives, repo, and FX products (pricing, cash flow profiles, discounting) is critical; knowledge of market risk concepts (sensitivity measures, stress testing, IRRBB metrics) is required.
• More than 3 years of progressive experience in Risk Management, Capital Markets, Treasury, Product Control, and Finance, with a sound understanding of risk management frameworks.
• Ability to work autonomously with minimal supervision, coupled with a natural curiosity and eagerness to explore and solve complex problems.
• Enthusiasm to step into leadership roles to drive team deliverables, identify critical opportunities for impact, and foster a teamwork culture.
• Demonstrated expertise in leading projects, delivering results on time and within scope.
• Excellent…