Senior Director, Risk Initiatives & Infrastructure

Royal Bank of Canada

Job title:

Senior Director, Risk Initiatives & Infrastructure

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?As a Senior Director, you will lead RBC Corporate Treasury’s Risk Initiatives & Infrastructure team. The team develops, maintains, and executes CT’s Structural Interest Rate, Liquidity Risk, and Funds Transfer Pricing measurement processes and data infrastructure, with focus on retail and commercial banking book portfolios. The team plays a lead role in existing processes and new initiatives, through effective and efficient technology solutions. It is a critical part of a larger integrated Corporate Treasury area responsible for interest rate risk methodologies and measurement, funds transfer pricing, and the associated infrastructure, which together enable a holistic view of the balance sheet, and enhance RBC’s understanding of product pricing and the relationship between profitability, funding, and interest rates.In this role, you will develop and implement the requisite risk measurement and data infrastructure and ensure execution of Corporate Treasury’s production processes, while gaining first-hand experience with RBC’s retail and commercial banking book balance sheet and interest rate risk, asset liability management, and funds transfer pricing practices.The right person for this role has extensive system and data management experience, with an aptitude and interest in the same, in a risk measurement context. You have a strong understanding of retail and commercial banking products, and integrate those products into risk measurement and funds transfer pricing MIS to capture and process transactions on an ongoing basis. You demonstrate integrity and thought leadership, and outstanding ability to lead a high performing team in a collaborative, multi-disciplinary environment.What will you do?

  • Lead development and implementation of Corporate Treasury’s MIS infrastructure used for Interest Rate Risk (IRRBB) and Retail Liquidity Risk measurement, and Funds Transfer Pricing (FTP), utilized over a large retail and commercial balance sheet.
  • Partner with RBC IT staff to ensure execution of monthly, weekly, and daily production processes related to interest rate and retail liquidity risk measurement, and Funds Transfer Pricing.
  • Partner with businesses to ensure product attributes are correctly captured in existing and new source systems, and that Corporate Treasury’s infrastructure is appropriately configured to capture relevant data feeds.
  • Work closely with treasury’s analytics and funds transfer pricing teams to implement developed methodologies and maintain appropriate risk processes.
  • Manage and maintain relationship with RBC IT to acquire and manage risk data, ensure appropriate IT hardware and software capacity, and develop system and infrastructure solutions.
  • Play a lead role in new business initiatives and strategies through sourcing enriched, standardized, and consistent risk data to Corporate Treasury.
  • Manage change control processes to ensure that Corporate Treasury systems remain up-to-date and in line with industry leading practices.
  • Establish and recommend IT related budgets and service level agreements.
  • Work with internal partners to develop and implement effective risk data governance and controls over Corporate Treasury’s data and processes.
  • As necessary, collaborate with Finance to ensure risk measurement and FTP systems are aligned with results reported by Finance.
  • Interact with RBC technology, Finance, and business groups, as well as third-party vendors.
  • Carry out team mandate independently and with minimal supervision, while leading a small dynamic team of technical, financial, and data experts.

What do you need to succeed?The position requires both a big picture strategic view, and significant attention to detail. Effective management in this position demands clarity of vision in leading and integrating the functions with the overall strategy of the group, and involves infrastructure enhancements and integration for new initiatives under tight project timelines.Must Have

  • Undergraduate degree in a quantitative field such as engineering, computer science, or mathematics, plus a relevant graduate degree (e.g., MBA, Quantitative Finance, etc.).
  • 10+ years related experience
  • Extensive systems development, data management, and MIS experience, with an aptitude for and interest in the same, in a risk measurement context
  • Understanding of banking book products and their features, with focus on retail and commercial banking products
  • Systems, computer, and database skills, including MS Access / Excel, VBA, and SQL.
  • Strong team management and coordination skills, ensuring accountability while fostering a positive, collaborative, and high-performing environment
  • Strong communication and presentation skills, with ability to communicate complex concepts in simple terms
  • Strong conceptual, analytical, and problem solving skills
  • Well-organized and detail oriented, with ability to manage multiple deliverables concurrently and meet deadlines in fast-paced production (“run-the-bank”) and development (“build-the-bank”) environments

Nice to Have

  • Prior experience with interest rate risk and liquidity measurement and management practices and systems, in a large bank
  • Exposure to Quantitative Risk Management (QRM) treasury risk system and infrastructure.
  • CFA and / or FRM designations, or like
  • Knowledge of fixed income mathematics
  • Understanding of accounting and finance concepts and systems
  • Experience in analyzing, documenting, implementing, and executing business flows, processes, and related controls

Job Skills Business, Cash Management, Corporate Treasury, Financial Regulation, Financial Services Industry, Financial Transactions, Knowledge Organization, Office Operations, Operational Risks, People Management, Personal Initiative, Risk Management, Standard Operating Procedure (SOP), Strategic Planning, Strategic Thinking, Treasury ManagementAdditional Job DetailsAddress: RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: OFFICE OF THE CFOJob Type: RegularPay Type: SalariedPosted Date: 2024-09-20Application Deadline: 2024-10-15Inclusion and Equal Opportunity EmploymentAt 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 CommunityStay 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 .

Expected salary

Location

Toronto, ON

Job date

Sat, 21 Sep 2024 23:30:52 GMT

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