Royal Bank of Canada

ALM Risk Manager

Royal Bank of Canada • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in financial or quantitative discipline
  • Experience in market risk or ALM roles
  • Knowledge of fixed income, derivatives, repos and FX products
  • Strong communication and interpersonal skills
  • Proficiency in Microsoft Office, Bloomberg, and Tableau/Power BI
  • Programming proficiency, particularly in Python and SQL
  • Strong analytical and critical-thinking abilities

Responsibilities

  • Deliver accurate market risk reporting and analysis
  • Analyze and communicate market risk trends for RBC sub-portfolios
  • Utilize market risk methodologies including IRRBB concepts
  • Collaborate with various teams to enhance analytical tools and insights
  • Refine risk control processes for effective measurement and reporting
  • Maintain consolidated datasets for banking book positions and IRRBB metrics
  • Develop automated risk reporting tools using SQL and Python

Benefits

  • Comprehensive Total Rewards Program including bonuses
  • Competitive compensation package
  • Supportive leadership for personal development
  • Opportunities to make a meaningful impact
  • Dynamic and high-performing team environment
  • World-class financial services training program
  • Flexible work/life balance options
  • Challenging work opportunities
  • Pathway for increased responsibilities within the team
Full Job Description
Job Description

What is the opportunity?

The enterprise Balance Sheet and Liquidity Risk management (BSLR) - ALM team provides independent risk reporting and comprehensive oversight for the bank's interest rate risk in the banking book (IRRBB) and non-trading market risks across different business lines and jurisdiction.

The Manager will support senior management in the development, implementation, and communication of complex risk management policies and processes. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.

What will you do?
  • Provide timely accurate and complete market risk reporting and analysis by taking ownership of the end-to-end processes that facilitate the reporting stream
  • Understand, analyze and communicate the drivers, trends of risks for RBC and key sub-portfolios, and provide context therein with respect to changes in the market risk profile
  • Develop and maintain a thorough understanding of the methodologies used for Market Risk including IRRBB (VaR, Stressed VaR, Stress Testing, EVE and NII)
  • Partner with colleagues at Enterprise MCCR Team, other risk teams and business units to develop analytical tools and deliver risk insights in a timely manner
  • Enhance risk control processes to ensure measurement/reporting metrics appropriately capture underlying market risk.
  • Build and maintain consolidated data set of Enterprise banking book positions, market risk and IRRBB metrics for reporting and analytics.
  • Leverage your skills in Python and SQL to develop risk reporting tools on automated refresh schedules, maintained in a SQL Server database and deployed to front-end visualization tools such as Tableau.
  • Assist with the migration of locally-hosted reporting tools into proprietary execution framework


What do you need to succeed?

Must-have
  • Degree in a financial or quantitative discipline.
  • Prior experience in a market risk or ALM capacity.
  • An understanding of fixed income, linear interest rate (IR) derivatives, repo, and FX products (pricing, cashflow profiles, discounting) is critical; knowledge of market risk concepts (sensitivity measures, stress testing, IRRBB metrics) is required.
  • Collaborative mind-set and strong interpersonal skills, verbal and written communication skills.
  • Proficient in Microsoft Office, Bloomberg, and Tableau/Power BI, VBA and SQL to manage and interact with large datasets.
  • Strong knowledge of programming languages, preferably Python
  • Strong analytical and critical-thinking skills, with a curiosity to understand the broader implications of a presented problem


Nice-to-have
  • Graduate Degree in a relevant discipline (M.Sc., MBA), relevant professions designations (CFA, FRM or other related professional qualifications)
  • Deep understanding of the bank's balance sheet composition and business lines


What's in it for you?

  • 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.
  • Opportunities to take on progressively greater accountabilities within the team.


Job Skills
Communication, Decision Making, Economic Analysis, Financial Instruments, Group Problem Solving, Investment Risk Management, Market Analysis, Market Risk, Risk Management

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-06-04

Application Deadline:

2026-06-20
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
Finance & Insurance
5 Year Trend
+8.7%
NASDAQ
RY
* Ladders Estimates

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