Senior Manager, Balance Sheet and Liquidity Risk

• Lead and oversee validation projects of interest rate risk models and the component customer behavioral models, such as mortgage prepayment, non-maturity deposit, commitment, etc.
• Provide guidance and support to junior team members in model validation activities.
• Perform timely and effective validation of models in scope for BSLR, including assessment of model methodology, assumptions, limitations, and model performance monitoring framework.
• Assess the robustness and effectiveness of model methodology and performance by performing validation testing, such as replication, sensitivity analysis, benchmark modeling, impact analysis, etc.
• Review data aggregation and implementation to provide insights and recommendations for improvement.
• Prepare comprehensive validation reports that document the evaluation process, assessment of model methodology, data integrity, performance metrics, and testing results, along with findings and recommendations.
• Engage the methodology and model owners and users to pro-actively identify, assess, monitor, and manage model-related concerns or findings.
• Ensure that model stakeholders are aware and compliant with methodology, data configuration, and model risk findings or limitations identified in validation reviews, as well as post-production activities such as performance and limitation monitoring and outstanding finding resolution.
• Collaborate with model owners, model developers, model users, model governance, risk managers, and audit teams to ensure validation findings and recommendations are well-informed by business context and purpose.
• Ensure that RBC’s Balance Sheet and Liquidity Risk frameworks and policies meet local regulatory requirements and align with business strategies and industry best practices, and that the validation and review activities are in compliance with all the relevant enterprise and local risk policies standards and procedures.
• Create work plans and track progress to ensure that work is being completed in accordance with committed timelines and regulatory deadlines.
• Keep abreast of industry trends and regulatory developments both on model risk or liquidity risk management in general and on modal validation in particular.

• Advanced university degree in a financial or quantitative discipline (such as financial engineering, mathematics, statistics, economics, finance, engineering, computer science, physics or any equivalent disciplines).
• 3+ years of work experience in financial industry, preferably in financial modeling function such as model development or model validation, or treasury asset liability management functions.
• Strong computational, data analytical, and critical thinking skills. Proficient in Excel and one or more of programming languages such as Python and SAS.
• Advanced SQL skills required.
• Strong knowledge of general banking products and regulatory requirement such as OSFI B12
• Deep understanding of bank’s businesses and balance sheet structure.
• Ability to rapidly acquire new knowledge and independently conduct research best practices in new and unfamiliar modeling areas.
• Have a collaborative mind-set and superb interpersonal skills, verbal and written communication skills.

• Relevant professional designations (CFA, FRM, etc.)
• Familiarity with QRM software is an asset

• 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

Royal Bank of Canada