What is the Opportunity?

The US GRM-Balance Sheet Risk (US GRM-BSR) group provides independent and effective on-site monitoring, controlling and communication on the nature and extent of all material liquidity risk and banking book market risk (non-trading market risk, interest rate risk in the banking book [IRRBB]) across RBC’s Combined US Operations (CUSO), which includes RBC’s US branches and agencies, RBC’s Intermediate Holding Company (RIHC) and its material entities: RBC Capital Markets LLC (CM LLC), City National Bank (CNB), RBC Bank Georgia, N.A. (RBC Bank). The group is relied on to ensure the implementation of and compliance with risk management policies and procedures.

The incumbent will report to the Governance Manager, GRM-Balance Sheet Risk in support of the oversight of liquidity and interest rate risk across RBC CUSO as part of the Group Risk Management (GRM) mandate and will develop and promote a “Best of Class” risk oversight environment.

What will you do?

Support the US BSLR Governance Manager in the following governance activities:

• Develop board, committee and senior management reporting.

• Set BSR risk committee meeting agendas, taking meeting minutes, and collect, validate and distribute meeting materials.

• Work closely with secretaries of board and senior management committees across CUSO (RBC Group, IHC, CNB, RBC Bank, etc.) to set agendas, communicate and distribute materials to CUSO senior management, including risk reporting, new policies, amendments to existing policies, etc.

• Prepare, present and steer governance materials and policy documents through the approval process with senior management and committees such as the CUSO Risk Management Committee (CUSO RMC), CUSO Liquidity Risk Committee (CUSO LRC), CUSO Interest Rate Risk in the Banking Book Committee (CUSO IRRBB), CNB Market & Liquidity Risk Committee (CNB MLRC) and the Risk Committee of RBC U.S. Group Holdings, LLC.

• Establish and maintain risk committee reporting best practices, perform risk assessments on the reporting inventory, and communicate these standards to senior management to ensure compliance with these standards.

• Facilitate issue tracking and remediation guidance for liquidity and interest rate risk findings.

• Facilitate closure of audit and/or regulatory findings as needed.

What do you need to succeed?

• Required: Bachelor’s degree in Business, Finance, Law or other related fields

• 3+ years previous experience work in a Financial Services organization, preferably within Risk Management.

• General knowledge of key risk disciplines e.g., enterprise, market, counterparty credit, liquidity risk and Operational Risk

• Strong record of work experience in financial service industry with good exposure to operational processes, financial products, credit and/ or risk management activities

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

• Experience managing projects and initiatives for multiple stakeholders

• Strong written and verbal communication skills required

• In-depth knowledge of MS Office

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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable

• Leaders who support your development through coaching and managing opportunities

• Ability to make a difference and lasting impact

• Work in a dynamic, collaborative, progressive, and high-performing team

• Opportunities to do challenging work

• Opportunities to build close relationships with clients

The good-faith expected salary range for the above position is $80,000 - $135,000 (New Jersey) depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range 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

#LI - Hybrid

#LI - POST

Job Skills

Interest Rate Risk, Liquidity Risk, Management Reporting, People Management, Risk Governance, Risk Management, Risk Oversight, Risk Reporting, Senior Management Reporting

Additional Job Details

8081 ARCO CORPORATE DRIVE:RALEIGHRaleighUnited States of America40Full timeGROUP RISK MANAGEMENTRegularSalaried2024-08-272024-12-31