Job Summary

Job Description

US ALM Risk Manager, RBC Capital Markets, LLC, Los Angeles, CA:

Provide support to the Lead, ALM Risk Management on matters pertaining to the oversight of the Asset Liability Management (ALM) profile and management of Combined U.S. Operations entities. Independently conduct moderately complex routine operations, resolutions, and maintenance support activities and respond to moderately complex functional queries. Utilize the Bank’s banking book market risk measurement platforms to support risk analytics. Quantify the impacts from model and parameter assumptions (quantitative and qualitative) employed within the banking book market risk framework, including deposit duration models, retail pricing models, and loan prepayment models. Analyze data and prepare reports of observations and recommendations based on findings, including additional sensitivity measures and stress testing, with consistent aggregation and integration across business lines, legal entities, etc., and other emerging risk exposures. Ensure risk reporting is timely and accurate and changes in risk are properly investigated and understood. Execute on approved strategy and assist in the development of strategies and action plans to address technical and competency gaps within oversight of ALM. Ensure a strong control environment by aligning data management, methodology and quantitative models. Monitor activities and exposures to ensure adherence to approved policies and limits. Adhere to operating policies and procedures and regulatory guidelines and make recommendations within scope of ALM and/or provide input into policy and procedure amendments.
 

Telecommuting permitted up to 40%

Full time employment, Monday – Friday, 40 hours per week, $190,000.00 per year.

MINIMUM REQUIREMENTS:

Bachelor’s degree in Finance, Mathematical Finance, Statistics or a related field and 5 years of progressive, post-baccalaureate work experience.

 
Must have 5 years of experience in:

Moderate Asset Liability ManagementALM and interest rate risk management at a financial institution;US Bank regulations for liquidity, capital, and interest rate risk management; and,Operational processes, financial products, credit and risk management activities in the financial services industry.

Must have 3 years of experience in:

Model Risk Development and ReviewEnterprise Risk Management

Must have 2 years of experience in the financial services sector.
 

Must have 1 year of experience in Basic Funds Transfer Pricing.
 

Telecommuting permitted up to 40%

The base salary for this job is $190,000.00 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.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

·       Drives RBC’s high performance culture

·       Enables collective achievement of our strategic goals

·       Generates sustainable shareholder returns and above market shareholder value

TO APPLY: Please click “Apply Now” Button

Job Skills

Additional Job Details

Address:

9400 CALIFORNIA 27, 1ST FLOOR:LOS ANGELES

City:

Los Angeles

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-09-27

Application Deadline:

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
​​​​​​​
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.