Job Description
Job details
Job type
Full-time
Location
Toronto, ON M+W 0A4
Full job description
Job Summary
Job Description
What is the opportunity?
The Manager, IRRBB Measurement supports RBC compliance with OSFI’s B-12 guidelines along with BCBS 368 (IRRBB) regulations. The scope of the position includes the Domestic banking subsidiaries. Interest rate risk is the largest market risk inherent in the structural balance sheet and its effective measurement is necessary for preservation of shareholder value and stability of net interest income. This position brings highly specialized knowledge and expertise in development of models and processes related to measurement and evaluation of interest rate risks.
What you will do?
Leverage expertise in risk and performance measurement of the retail and wholesale products in the Canada, US, UK and EU.
Maintain and improve processes supporting RBC’s leadership in the area of balance sheet management by providing cutting edge expertise in risk and performance measurement; and a deep understanding of the retail and investment products.
Support comprehensive measurement of IRRBB.
Maintain and continuously improve IRRBB (Value and earnings) measurement processes including extract/transform/load processes, balance and control, valuation/planning related to the transfer priced / mismatch position as well as client contractual risk positions.
In scope reporting automation and efficiencies include i) regulatory reporting, internal management reporting, and external disclosures; along with ii) risk / sensitivity profiles, position data, behavior tracking, and compliance reporting.
Support IRRBB model development and implementation by leveraging consumer behaviour econometric modeling and forecasting (prepayment, redemption, and pull-through) and retail product and embedded option pricing models in the CAD and US non-trading balance sheets.
Develop new risk reports and presentations and provide reconciliation and attribution of risk measurement results and changes for both value and earning risks to the Bank ALCO committees, Corporate and Local Treasury's Senior management.
Prepare and maintain documentation regarding risk measurement methodology, processes and procedures, product modeling and implementation of model enhancements.
What you need to succeed?
Must Have
Degree in Business, Mathematics or related fields
2+ years of relevant Treasury experience
Solid understanding of financial principles and risk concepts
Strong grasp of Asset Liability Management practices
Superb knowledge of database concepts (SQL)
Proven analytical and problem solving skills
Good understanding of business and accounting regulations
Excellent communication skills both verbal and written
Well organized, ability to work on multiple tasks and deadline oriented
Excellent business computer skills (Microsoft Office, Visual Basic)
RPA experience, in particular Blue Prism.
Preferred experience with Vertica and Tableau.
Nice to Have
MBA, CFA or FRM
QRM process and development skills
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:
2026-06-27
Application Deadline:
2026-07-14
Note: Applications will be accepted until 11:5+ PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At 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.
You must create an Indeed account before continuing to the company website to apply
Job type
Full-time
Location
Toronto, ON M+W 0A4
Full job description
Job Summary
Job Description
What is the opportunity?
The Manager, IRRBB Measurement supports RBC compliance with OSFI’s B-12 guidelines along with BCBS 368 (IRRBB) regulations. The scope of the position includes the Domestic banking subsidiaries. Interest rate risk is the largest market risk inherent in the structural balance sheet and its effective measurement is necessary for preservation of shareholder value and stability of net interest income. This position brings highly specialized knowledge and expertise in development of models and processes related to measurement and evaluation of interest rate risks.
What you will do?
Leverage expertise in risk and performance measurement of the retail and wholesale products in the Canada, US, UK and EU.
Maintain and improve processes supporting RBC’s leadership in the area of balance sheet management by providing cutting edge expertise in risk and performance measurement; and a deep understanding of the retail and investment products.
Support comprehensive measurement of IRRBB.
Maintain and continuously improve IRRBB (Value and earnings) measurement processes including extract/transform/load processes, balance and control, valuation/planning related to the transfer priced / mismatch position as well as client contractual risk positions.
In scope reporting automation and efficiencies include i) regulatory reporting, internal management reporting, and external disclosures; along with ii) risk / sensitivity profiles, position data, behavior tracking, and compliance reporting.
Support IRRBB model development and implementation by leveraging consumer behaviour econometric modeling and forecasting (prepayment, redemption, and pull-through) and retail product and embedded option pricing models in the CAD and US non-trading balance sheets.
Develop new risk reports and presentations and provide reconciliation and attribution of risk measurement results and changes for both value and earning risks to the Bank ALCO committees, Corporate and Local Treasury's Senior management.
Prepare and maintain documentation regarding risk measurement methodology, processes and procedures, product modeling and implementation of model enhancements.
What you need to succeed?
Must Have
Degree in Business, Mathematics or related fields
2+ years of relevant Treasury experience
Solid understanding of financial principles and risk concepts
Strong grasp of Asset Liability Management practices
Superb knowledge of database concepts (SQL)
Proven analytical and problem solving skills
Good understanding of business and accounting regulations
Excellent communication skills both verbal and written
Well organized, ability to work on multiple tasks and deadline oriented
Excellent business computer skills (Microsoft Office, Visual Basic)
RPA experience, in particular Blue Prism.
Preferred experience with Vertica and Tableau.
Nice to Have
MBA, CFA or FRM
QRM process and development skills
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:
2026-06-27
Application Deadline:
2026-07-14
Note: Applications will be accepted until 11:5+ PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At 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.
You must create an Indeed account before continuing to the company website to apply
💡 Quick Summary
Seeking a career-building opportunity? The Manager, IRRBB Measurement position is now open for candidates interested in the Bank Jobs sector. This role in Toronto offers a professional environment and growth potential.
Requirement Snapshot: Candidates should possess basic communication skills, a proactive attitude, and the ability to work in a team. Experience in Bank Jobs is a plus.
