The Associate Director, Liquidity Risk role within the Group Risk Management Balance Sheet Liquidity Risk (GRM-BSLR) team serves as a second line of defense for all balance sheet and liquidity risks at the enterprise level. This position's primary purpose is to provide independent oversight, challenge, and governance over the bank's intraday liquidity risk framework, ensuring timely payment and settlement obligations are met and regulatory expectations are fulfilled while mitigating associated risks. The role's geographical scope covers enterprise and Canadian regional levels, with ownership of UK, Europe, Asia, and Caribbean liquidity risks, and dotted-line responsibility for CUSO liquidity risk.
Responsibilities include: maintaining and enhancing intraday liquidity risk management policies and frameworks; independently monitoring and assessing the bank's intraday liquidity positions and risks across material currencies, legal entities, and payment systems; overseeing the first line of defense's adherence to intraday liquidity risk limits and policies; reviewing and challenging Intraday stress-testing parameters, buffer calibration, assumptions, and management actions; overseeing the design and implementation of Intraday specific stress scenarios; reviewing and challenging Intraday reports, metrics, and analytics from the first line of defense; building and enhancing risk analytics and reporting focused on intraday liquidity; monitoring global and domestic regulatory and industry developments; and working strategically with key internal RBC partners and cross-functional teams.
Must-haves include: 5 years of experience with risk oversight, Balance Sheet Management, Liquidity Risk, Stress Testing, and Policy Oversight; understanding of payment and settlement systems and regulatory frameworks (BCBS 248, OSFI LAR & B6, and ECB guidelines); strong collaboration skills and experience leading cross-functional or multi-stakeholder initiatives; knowledge and experience in dealing with regulators; and the ability to manage complex projects, meet high-quality standards, and deliver under tight deadlines.
Highly preferred: MBA, MA, MS or equivalent with emphasis in finance, economics or other relevant discipline.
Beneficial: A relevant professional designation (e.g., CFA, FRM, CA, CMA).
Plus: Proficiency in creating interactive dashboards, data visualization, and storytelling with data, with experience in Tableau or Python.
Master's Degree (MBA, MA, MS or equivalent)
37.5 hours/week
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. As Canada's largest bank, it provides personal and commercial banking, wealth management, and capital markets services to over 17 million clients worldwide.
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