Senior Director, Risk Initiatives & Infrastructure

What is the opportunity?

As a Senior Director, you will lead RBC Corporate Treasurys Risk Initiatives & Infrastructure team. The team develops, maintains, and executes CTs 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 RBCs 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 Treasurys production processes, while gaining first-hand experience with RBCs 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 Treasurys 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 Treasurys infrastructure is appropriately configured to capture relevant data feeds.
• Work closely with treasurys 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 Treasurys 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

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