Liquidity Risk Manager

Royal Bank of Canada
New York
Oct 12, 2016
Oct 20, 2016
Employer Type
Direct Employer
Employment Type
Full Time
Job Board

What is the opportunity?

The primary purpose of this role is to assist in establishing the liquidity risk management framework and controls for RBC's combined US operations as part of an ongoing effort (US Enhanced Prudential Standards for Foriegn Bank Organizations). As part of the Liquidity and Structural Interest Rate Risk Management team you will be responsible for engaging in the independent review of liquidity risk management and structural interest rate risk management. Your primary responsibilities will include the review, assessment and challenge of cash flow projections and stress test assumptions, and the monitoring and reporting on risk limits. You will also be asked to contribute to the development of policies and procedures; and to contribute to the development of regular reporting packages for senior management.

What will you do?

Assist in the establishment of the liquidity risk management framework and controls for US Operations as required by the US Enhanced Prudential Standards for FBOs

Partner in conducting independent oversight and review of US funding and liquidity management functions (Treasury, ITS, CFG etc.)

Participate in facilitating and conducting independent review of:

o Methods and models used to manage liquidity (eg, cash flow projections, LCR, NSFR computations etc.);

o The Contingent Liquidity Plan; and

o Liquidity Stress Tests.

Contribute to establishing and monitoring of liquidity limits.

Aid in the review and assessment of the liquidity impact of new products and business lines on the liquidity of US Operations relative to established liquidity risk tolerance.

Help establish and monitor of the risk control framework for interest rate risk in the banking book for US Operations.

What do you need to succeed?

Knowledge and experience in liquidity and interest rate risk management at a large financial institution.

Knowledge of and experience with US bank regulations for liquidity, capital and interest rate risk management

Understanding of cash flow projections, LCR, NSFR computations, etc.

4+ years of experience in a similar role

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.

o Ability to make a difference and lasting impact
o Work in a dynamic, collaborative, progressive, and high-performing team
o Opportunities to do challenging work
o Opportunities to take on progressively greater accountabilities

About RBC
Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We employ approximately 78,000 full- and part time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 39 other countries.

Diversity and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status or any other legally-protected factors.


City: New York
Work Hours/Week: 40
Work Environment: Office
Employment Type: Permanent
Career Level: Experienced Hire/Professional
Pay Type: Salaried
Required Travel (%): 0-25
Exempt/Non-Exempt: Exempt
People Manager: No
Job Posting End Date: 10/14/2016
Req ID: 119078

Posting Notes: SF:JB