Risk Manager, Balance Sheet Risk

What is the Opportunity?

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 (sensitivities, VaR, Stress Testing, EVE and NII Risk).

• Partner with colleagues across the broader Enterprise MCCR Team, other risk and functional 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.

• Prioritize risk analytics to derive insights on business activity and linkage to stated, with linkages to externally disclosed and internally monitored financial risk metrics.

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?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• 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

• Opportunities to do challenging work

• Opportunities to build close relationships with clients

#LI-Post

#TECHPJ

Job Skills

Balance Sheet Management, Balance Sheet Management, Balance Sheets, Communication, Economic Analysis, Fixed Income Assets, Fixed-Income Markets, Fixed Income Risk, Fixed-Income Securities, Fixed Income Valuation, Generative AI, Git, GitHub, GitHub Copilot, Interest Rate Derivatives, Interest Rate Hedging, Interest Rate Risk, Interest Rates, Machine Learning (ML), Microsoft Excel, Microsoft Excel VBA Programming, Microsoft PowerPoint, Professional Presentation, Python (Programming Language), Risk Analytics {+ 2 more}

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTorontoCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2025-11-052025-11-28

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

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.