Royal Bank of Canada
Global banking, wealth management, and insurance
Asset and Liability Management Manager
+ Discretionary bonus + 401(k) company match
Domestic travel required up to 20%.
About the job
- A bachelor's degree in Electronics Engineering, Communication Engineering, Finance, Business, Economics, Accounting, Management Information Systems, or a related field is required.
- Five years of progressive, post-baccalaureate work experience is required.
- Five years of experience designing and implementing frameworks for measuring, monitoring, and mitigating Interest Rate Risk in the Banking Book in compliance with regulatory guidelines is required.
- Five years of experience conducting gap analysis, duration modeling, and economic value of equity simulations to assess balance sheet sensitivity to interest rate shocks is required.
- Five years of experience managing asset-liability repricing mismatches and optimizing balance sheet structure to align with risk appetite and strategic goals is required.
- Five years of experience structuring and executing interest rate swaps, swaptions, and treasury futures or options to hedge interest rate risk exposures is required.
- Five years of experience utilizing behavioral modeling for non-maturity deposits and prepayment risk analysis for loan portfolios is required.
- Five years of experience implementing dynamic hedging programs to adjust positions in response to market volatility and balance sheet changes is required.
- Three years of experience developing and maintaining data pipelines for ALM reporting, ensuring accuracy, consistency, and compliance with data standards is required.
- Three years of experience leveraging SQL, Python, or R for data extraction, transformation, and validation to support interest rate risk and liquidity risk models is required.
- Three years of experience using dashboards with Tableau or Power BI data visualization tools is required.
- Three years of experience utilizing QRM modeling platforms to build and validate balance sheet models, cash flow projections, and stress-testing scenarios is required.
- Lead production of all Interest Rate Risk in the Banking Book metrics, including Net Interest Income, economic value of equity, and key rate duration, for major Combined US Operations entities.
- Lead development, support, maintenance, and documentation of Quantitative Risk Management model methodologies and procedures.
- Monitor compliance of Interest Rate Risk in the Banking Book metrics with applicable limits.
- Escalate increased levels of interest rate risk exposures to senior management.
- Ensure accuracy and reasonableness of Asset and Liability Management model projections in accordance with model governance standards for data completeness and assumption development.
- Lead periodic back-testing and sensitivity analysis of modeling assumptions.
- Communicate with teams across City National Bank and Combined US Operations to develop accurate and reasonable assumptions for Interest Rate Risk in the Banking Book models.
- Lead updates of Interest Rate Risk in the Banking Book policies and procedures.
- Lead the annual limit review.
- Monitor the economic environment and balance sheet trends to identify developments detrimental to Interest Rate Risk in the Banking Book.
- Propose new mitigation strategies, including on-balance-sheet and off-balance-sheet options.
- Establish working relationships within Treasury, Finance, and business units and platforms.
About the company
What does RBC do? It provides a wide range of financial services including personal and commercial banking, wealth management, insurance, investor services, and capital markets to clients in Canada, the United States, and 27 other countries. How do its products work? It earns revenue from loans, mortgages, investment products, and advisory services, and uses technology to deliver a seamless client experience across a diversified set of financial services, with an emphasis on digital tools and customer service. How is RBC different from competitors? It combines scale and global reach with a principles-led culture, a strong focus on community impact, and a large, diverse workforce (94,000+ employees) to drive client outcomes and continuous innovation. What is RBC’s goal? To help clients prosper and communities thrive by delivering reliable financial solutions and services while adapting to changing needs and maintaining leadership in the financial sector.
Company Size
10,001+
Company Stage
IPO
Headquarters
Toronto, Canada
Founded
1864
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Simplify's Take
What believers are saying
- Q3 2026 revenue reached $18.54 billion, with wealth management up 32% year over year.
- Capital markets earned C$1.54 billion in Q3 2026, driven by trading and underwriting.
- New cash-back card features and student partnerships deepen engagement and boost fee income.
What critics are saying
- RBC’s August 26, 2026 card fee hikes anger customers and invite churn to rivals.
- Class action claims over the Martel Ponzi scheme tie RBC to AML failures.
- Wealth and capital markets depend on market volumes; a sharp 2027 slowdown cuts earnings fast.
What makes Royal Bank of Canada unique
- RBC’s August 27, 2026 Q3 record income came from wealth, capital markets, and commercial banking.
- Canada’s largest bank combines deposits, lending, insurance, wealth, and markets across 30 countries.
- RBC’s student GIC and card ecosystem locks newcomers into lifelong banking relationships.
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Benefits
Professional Development Budget
Flexible Work Hours
Performance Bonus
Company News
Finance Times Gazette is an online news publication focusing on banking, finance & investment: Your finance and banking news reporter
RBC beats profit estimates as capital markets, wealth management shine. August 27, 2026 Royal Bank of Canada (TSX:RY) beat analyst estimates in the third quarter, powered by strength in capital markets and wealth management, extending a trend seen across Canada's largest lenders this earnings season. RBC reported third-quarter profit of $6.02 billion, up from $5.41 billion a year earlier, with gains also coming from commercial banking. Profit amounted to $4.23 per diluted share for the quarter ended July 31, up from $3.75 a year earlier. On an adjusted basis, the bank earned $4.28 per diluted share, compared with $3.84 in the same quarter last year. Analysts had expected a profit of $4.08 per share and $18.14 billion in revenue, according to LSEG Data & Analytics. Revenue for the quarter came in at $18.54 billion, up from $16.99 billion a year earlier. Provision for credit losses totalled $1 billion, up from $881 million a year earlier. Jefferies analysts said the results reinforce their view that RBC's diversified business mix is a key driver of its premium return on equity, and that favourable conditions for wealth management should continue to support the bank's growth and valuation. The brokerage noted RBC's ROE rebounded from a second-quarter slowdown, helped by strong capital markets revenue and some credit allowance releases, widening its lead over peers to 18.1% against a group average of 16%. Jefferies also pointed to domestic loan growth that outpaced the peer average. While cautioning that investors should not fully pay up for the capital markets contribution, Jefferies said the quarter demonstrated the broader strength of RBC's platform across segments. The brokerage added that Canadian bank valuations remain close to stretched territory, and that earnings will need to grow into current multiples, but called RBC's results a compelling case relative to its peers. Shares were down 1.9% in Toronto and 1.8% in New York. Post Views: 5
Canada's largest banks exceeded earnings estimates as capital-markets divisions posted a 35% year-over-year gain. Royal Bank of Canada and Toronto-Dominion Bank reported fiscal third-quarter results Thursday, with Toronto-Dominion's capital-markets unit achieving record net income of C$743 million, up 87% from last year. Royal Bank's capital-markets earnings reached C$1.54 billion in the three months through July. Toronto-Dominion's adjusted earnings per share of C$2.77 surpassed the C$2.48 analyst estimate. All six major Canadian banks beat consensus forecasts this week, benefiting from strong capital-markets performance and contained credit loss provisions. Revenue growth outpaced expenses across all lenders, with Toronto-Dominion's adjusted return on equity rising to 16% and Royal Bank reaching 18.1%.
Royal Bank reported third-quarter earnings of $3.07 per share, surpassing the Zacks Consensus Estimate of $2.89 per share. This represents an earnings surprise of 6.23%. A year ago, the company earned $2.79 per share. The bank has beaten consensus earnings estimates in each of the last four quarters. Revenues for the quarter ended July 2026 reached $13.28 billion, exceeding the Zacks Consensus Estimate by 2.96% and compared to $12.36 billion year-over-year. Royal Bank shares have risen approximately 21.5% since the beginning of the year, outperforming the S&P 500's 12.1% gain. The company currently holds a Zacks Rank #3 (Hold), suggesting shares are expected to perform in line with the market.
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