Royal Bank of Canada

ALM Manager, Royal Bank of Canada US, Los Angeles, CA:

Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Electronics Engineering, Finance, Business, or related fields
  • 5 years of experience in measuring and mitigating Interest Rate Risk in the Banking Book (IRRBB)
  • Expertise in duration modeling, EVE simulations, and asset-liability management
  • Experience in executing interest rate swaps and dynamic hedging programs
  • 3 years of experience in data management and analytics for ALM reporting

Responsibilities

  • Lead the production of IRRBB metrics such as NII and economic value of equity
  • Ensure compliance with IRRBB limits and report significant risks to management
  • Oversee the development and maintenance of model methodologies for QRM
  • Conduct back testing and sensitivity analysis of interest rate models
  • Collaborate across business units to refine IRRBB model assumptions
  • Monitor market trends and propose risk mitigation strategies

Benefits

  • 401(k) program with company-matching contributions
  • Health, dental, and vision insurance
  • Life and disability insurance
  • Paid time-off plan
Full Job Description
Job Description

  • ALM Manager, Royal Bank of Canada US, Los Angeles, CA:
    Responsible to lead production of all Interest Rate Risk in the Banking Book (IRRBB) metrics such as NII (Net Interest Income), economic value of equity (EVE), and KRD (Key rate duration) for major CUSO (Combined US Operations) entities. Lead development, support, maintenance, and documentation of model methodologies and procedures for QRM (Quantitative Risk Management) models. Monitor compliance of IRRBB (Interest Rate Risk in the Banking Book) metrics with all applicable limits. Escalate to senior management increased levels of IRR (Interest Rate Risk) exposures. Ensure accuracy and reasonableness of ALM (Asset and Liability Management) model projections following the model governance standard regarding data completeness and assumptions development. Lead periodic back testing and sensitivity analysis of modeling assumptions. Communicate with various teams across the City National Bank (CNB) and CUSO (Combined US Operations) to develop accurate and reasonable assumptions for IRRBB models. Lead updates of IRRBB policies and procedures. Lead annual limit review. Monitor economic environment and balance sheet trends to identify developments detrimental to the IRRBB. Propose new mitigation strategies, including on- and off-balance sheet options. Establish strong working relationships within Treasury, Finance and across business units and platforms.
    #LI-DNI
    Full time employment, Monday - Friday, 40 hours per week, $234,000.00 per year.
    MINIMUM REQUIREMENTS:
    Bachelor's degree in Electronics Engineering, Communication Engineering, Finance, Business, Economics, Accounting, Management Information Systems or a related field and 5 years of progressive, post-baccalaureate work experience.
    Must have 5 years of experience in:
    * Designing and implementing frameworks for measuring, monitoring, and mitigating IRRBB (Interest Rate Risk in the Banking Book) in compliance with regulatory guidelines;
    * Conducting gap analysis, duration modeling, and economic value of equity (EVE) simulations to assess balance sheet sensitivity to interest rate shocks;
    * Managing asset-liability repricing mismatches and optimizing balance sheet structure to align with risk appetite and strategic goals;
    * Structuring and executing interest rate swaps (IRS), swaptions, and treasury futures/options to hedge IRR exposures;
    * Utilizing behavioral modeling for non-maturity deposits (NMDs) and prepayment risk analysis for loan portfolios; and
    * Implementing dynamic hedging programs to adjust positions in response to market volatility and balance sheet changes.
    Must have 3 years' experience in:
    * Developing and maintaining data pipelines for ALM reporting, ensuring accuracy, consistency, and compliance with data standards;
    * Leveraging SQL, Python, or R for data extraction, transformation, and validation to support IRR and liquidity risk models;
    * Using dashboards with data visualization tools Tableau or Power BI; and
    * Utilizing QRM Modelling Platforms to build and validate balance sheet models, cash flow projections, and stress-testing scenarios.
    Domestic travel required up to 20%.
    The base salary for this job is $234,000.00 per year. This salary 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.
    TO APPLY: Please click "Apply Now" Button


Job Skills

Additional Job Details

Address:

City:

Country:

Work hours/week:

0

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-08-20

Application Deadline:

2026-10-29
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
5 Year Trend
+8.7%
NASDAQ

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