Associate Director, Liquidity Risk

Overview    

Job Description
What is the opportunity?
The Group Risk Management Balance Sheet Liquidity Risk (GRM-BSLR) team performs the second line of defense role for all balance sheet and liquidity risks at the enterprise level. Within BSLR. the enterprise liquidity team performs oversight of liquidity risk across the globe including the risk appetite and limits and oversight of 1st line (Corporate Treasury, Capital Markets etc.) liquidity risk management activities across large portfolios of assets, liabilities and off-balance sheet instruments, at the RBC level and within individual business lines and legal entities.
The primary purpose of the Intraday Liquidity Risk Management role in 2nd line is to provide independent oversight, challenge and governance over the bank’s intraday liquidity risk framework, process and management practices. This role ensures that the bank meets its payment and settlement obligations timely and meet regulatory expectations while mitigating risks associated with intraday liquidity management.
Geographical scope includes:
All aspects at enterprise and Canadian regional level and ownership of UK, Europe, Asia, and Caribbean liquidity risks; and

Dotted-line responsibility over CUSO liquidity risk (primary responsibility lies with the MD & Head of US GRM-Balance Sheet Risk).

What will you do?
Regularly maintain and enhance intraday liquidity risk management policies, procedures and frameworks to address evolving regulatory requirements and industry best practices

Independently monitor and assess the bank’s intraday liquidity positions and risks across material currencies, legal entities and payment systems (Large value payment systems such as Lynx and Fedwire, correspondent banks and security settlement systems)

Oversee the 1

LOD adherence to intraday liquidity risk limits and policies, including monitoring of the level of intraday liquidity usage, start of day liquidity cash and collateral balances and time-specific obligations

Review and challenge Intraday stress-testing parameters, buffer calibration, assumptions and management actions for each material FMI and provide approvals, acknowledgement and recommendations, as appropriate

Oversee the design and implementation of Intraday specific stress scenarios as specified under OSFI LAR Chapter
7. Challenge assumptions and results to ensure alignment with risk appetite

Review and challenge of Intraday reports, metrics and analytics from first line of defense. Review Intraday OSFI LAR Chapter 7 returns and provide approvals, acknowledgement and recommendations, as appropriate

Build and enhance risk analytics and reporting focused on intraday liquidity, such as synthesizing and analyzing data, building intelligence around risk drivers and presenting actionable insights to senior leaders

Monitor global and domestic regulatory and industry developments (real time payment systems, T+1 settlement) and incorporate them into the risk management framework

Work strategically with key internal RBC partners and collaborate with cross functional teams across corporate treasury, operations and treasury services.

What do you need to succeed?
Must-have
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

Ability to manage complex projects, meet high-quality standards, and deliver under tight deadlines.

MBA, MA, MS or equivalent with emphasis in finance, economics or other relevant discipline is highly preferred

Nice-to-have
Previous experience of Intraday liquidity risk at big banks or consulting firms

A relevant professional designation is beneficial (e.g., CFA, FRM, CA, CMA)

Proficiency in creating interactive dashboards, data visualization, and storytelling with data.

Experience with Tableau or python is a plus.

What’s in it for you?  We thrive on the challenge to be our best, progressive thinking to keep growing,…