Royal Bank of Canada

Senior Manager, Banking Interest Rate Sensitivity Modeling

Royal Bank of Canada • $110K — $130K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Degree in Business, Mathematics, Finance or related fields.
  • 3+ years of relevant Treasury or Risk Management experience.
  • Strong grasp of Asset-Liability Management concepts and practices.
  • Strong communication skills for conveying complex concepts to senior audiences.
  • Good understanding of business and accounting regulations.
  • Solid understanding of financial principles and risk concepts.
  • Good database skills (SQL).

Responsibilities

  • Support the development and implementation of models for measuring Interest Rate Risk in the Banking Book (IRRBB).
  • Lead automation and efficiency improvements for various reporting processes.
  • Develop new modeling methods for balance sheet analysis and stress testing.
  • Prepare and maintain comprehensive documentation on risk measurement and product modeling.
  • Analyze economic variables and market conditions to inform senior management's understanding of IRRBB.

Benefits

  • A comprehensive Total Rewards Program including bonuses and flexible benefits.
  • Development support through coaching from leaders.
  • Opportunity to make a lasting impact within the organization.
  • Collaborative work environment promoting agility and high performance.
  • Engagement with senior executives across the company.
Full Job Description
Job Description

What is the opportunity?

Join a strong multi-disciplinary team which supports interest rate risk production model development, analytics, implementation and operations. This role maintains RBC's Asset Liability Management (ALM) reporting processes, advances process automation and works closely with senior management across Corporate Treasury FTP, Execution and Finance functions.

What will you do?
  • Support development and implementation of models and methodologies used for measurement of Interest Rate Risk in the Banking Book (IRRBB). Review Interest Rate Risk and FTP methodologies, metrics, reporting and modelling to ensure alignment with core strategies.
  • Lead on reporting automation and efficiencies for regulatory reporting, internal management reporting, and external disclosures; along with risk / sensitivity profiles, position data, behavior tracking, and compliance reporting.
  • Support development of new modeling methods and capabilities enabling dynamic simulation of balance sheet product mix and pricing changes in support of earnings risk measures and stress testing. Provide insights into model capabilities and limitations plus challenge protocols to ensure assumptions and processes are robust and well supported. An intuitive understanding of risk models and measures is important to the role to support screening and a robust measurement process.
  • Prepare and maintain documentation regarding risk measurement methodology, processes and procedures, product modeling and implementation of model enhancements.
  • Keep abreast of main economic variables and market conditions across main jurisdictions (Canada, Europe and United States) and provide senior management with analysis of impact to IRRBB.


What do you need to succeed?

Must-have
  • Degree in Business, Mathematics, Finance or related fields.
  • 3+ years of relevant Treasury or Risk Management experience.
  • Strong grasp of Asset-Liability Management concepts and practices.
  • Strong ability to communicate, verbally and in writing, complex concepts to a non-technical, senior audience.
  • Good understanding of business and accounting regulations.
  • Solid understanding of financial principles and risk concepts.
  • Good database concept and skills (SQL).


Nice-to-have
  • QRM process and development skills.
  • Experience with Tableau.
  • MBA, CFA or FRM preferred.


What's in it for you?

  • A comprehensive Total Rewards Program including bonuses and flexible benefits
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in an agile, collaborative, progressive, and high-performing team
  • The opportunity to interface with senior level executives from many different parts of the organization


Job Skills
Analytical Thinking, Commercial Acumen, Critical Thinking, Decision Making, Financial Regulation, Interest Rate Risk Management, Risk Management, Strategic Thinking, Treasury Management

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-09-17

Application Deadline:

2026-10-01
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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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
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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