Senior Manager, Banking Interest Rate Sensitivity Modeling

Job summary

The Senior Manager will lead the development and implementation of interest rate risk models and methodologies for the banking book. They will also oversee reporting automation, regulatory disclosures, and provide strategic insights to senior management regarding market conditions and risk profiles.

Job details

Job Description What is the opportunity? Join a strong multi-disciplinary team which supports interest rate risk production model development, analytics, implementation and operations. This role maintains RBC’s Asset Liability Management (ALM) reporting processes, advances process automation and works closely with senior management across Corporate Treasury FTP, Execution and Finance functions. What will you do? Support development and implementation of models and methodologies used for measurement of Interest Rate Risk in the Banking Book (IRRBB). Review Interest Rate Risk and FTP methodologies, metrics, reporting and modelling to ensure alignment with core strategies. Lead on reporting automation and efficiencies for regulatory reporting, internal management reporting, and external disclosures; along with risk / sensitivity profiles, position data, behavior tracking, and compliance reporting. Support development of new modeling methods and capabilities enabling dynamic simulation of balance sheet product mix and pricing changes in support of earnings risk measures and stress testing. Provide insights into model capabilities and limitations plus challenge protocols to ensure assumptions and processes are robust and well supported. An intuitive understanding of risk models and measures is important to the role to support screening and a robust measurement process. Prepare and maintain documentation regarding risk measurement methodology, processes and procedures, product modeling and implementation of model enhancements. Keep abreast of main economic variables and market conditions across main jurisdictions (Canada, Europe and United States) and provide senior management with analysis of impact to IRRBB. What do you need to succeed? Must-have Degree in Business, Mathematics, Finance or related fields. 3+ years of relevant Treasury or Risk Management experience. Strong grasp of Asset-Liability Management concepts and practices. Strong ability to communicate, verbally and in writing, complex concepts to a non-technical, senior audience. Good understanding of business and accounting regulations. Solid understanding of financial principles and risk concepts. Good database concept and skills (SQL). Nice-to-have QRM process and development skills. Experience with Tableau. MBA, CFA or FRM preferred. 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 Leaders who support your development through coaching and managing opportunities Ability to make a difference and lasting impact Work in an agile, collaborative, progressive, and high-performing team The opportunity to interface with senior level executives from many different parts of the organization Job Skills Analytical Thinking, Commercial Acumen, Critical Thinking, Decision Making, Financial Regulation, Interest Rate Risk Management, Risk Management, Strategic Thinking, Treasury Management Additional Job Details Address: RBC CENTRE, 155 WELLINGTON ST W:TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: OFFICE OF THE CFO Job Type: Regular Pay Type: Salaried Posted Date: 2026-09-17 Application Deadline: 2026-10-01 Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above Our Employment Opportunities At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com. RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

What you’ll do

The Senior Manager will lead the development and implementation of interest rate risk models and methodologies for the banking book. They will also oversee reporting automation, regulatory disclosures, and provide strategic insights to senior management regarding market conditions and risk profiles.

Requirements

Candidates must hold a degree in Business, Mathematics, or Finance and possess at least 3 years of relevant Treasury or Risk Management experience. Strong proficiency in Asset-Liability Management concepts, SQL, and the ability to communicate complex financial concepts to senior stakeholders are required.

Benefits

• Total Rewards Program • Bonuses • Flexible benefits • Coaching and managing opportunities

Listed skills

• SQL · Preferred
• Tableau · Preferred
• Data analysis · Preferred
• Risk Management · Preferred
• Communication · Preferred
• Financial analysis · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Asset-Liability Management
• Interest Rate Risk Management
• Financial Modeling
• Regulatory Reporting
• SQL
• Tableau
• Risk Management
• Treasury Management
• Data Analysis
• Stress Testing
• Financial Analysis
• Process Automation
• Communication
• Accounting Regulations
• Strategic Thinking
• Analytical Thinking
• Compliance Reporting
• Risk Modeling
• Workplace Inclusivity
• Financial Stress Testing
• Management Reporting
• Reporting Processes
• Agile Methodology
• Asset Liability Management
• Automation
• Balance Sheet
• Management
• Business Mathematics
• Business Process Automation
• Chartered Financial Analyst
• Decision Making
• Critical Thinking
• Dynamic Simulation
• Economics
• Finance
• Financial Regulations
• Innovation
• Interest Rate Risk
• Operations
• Coaching
• Risk Measure
• SQL (Programming Language)
• Tableau (Business Intelligence Software)
• Master Of Business Administration (MBA)
• File Transfer Protocol (FTP)

Job areas

• Finance & Accounting
• Management & Leadership
• Data & Analytics
• Banking Manager
• Risk Manager
• Management and Organization Analysts
• Financial Risk Specialists