# Senior Director, ALM Research & Analytics at RBC

AI Level 1, AI centrality 10 out of 100. TORONTO, Ontario, Canada.

## Details

- Company: [RBC](https://jobsbylevel.com/companies/rbc)
- AI level: AI Level 1 (score 10 out of 100)
- Location: TORONTO, Ontario, Canada
- Posted: October 6, 2026
- Apply: https://jobsbylevel.com/go/ccbc1ea6-a55b-4246-b112-19a06b4ff1bc

## Description

Job Description What is the opportunity? Lead RBC Corporate Treasury's quantitative ALM methodology development, modelling, research and analytics, focusing on interest rate risk measurement and management. Lead development of behavioral and market risk models, supporting pricing and risk measurement for non-trading on-balance sheet products, mortgage and loan commitments, securitization, and term funding. Interest rate risk represents the bank’s largest structural book market risk, with effective measurement and management critical for shareholder value preservation. The team you’ll lead also supports RBC’s Pension Investment Group modeling and measurement, across a diverse set of asset classes, strategies, and ALM topics. What will you do? Lead research, methodology and model development relating to structural interest rate risk, consumer behaviour econometric modeling and forecasting (e.g., prepayment, redemption, pull through, product flows, term / mix preferences), economic capital models, balance sheet dynamics, and retail product and embedded option pricing models, in RBC’s domestic and international banking book balance sheets Lead development of diffusion, historic simulation, factor models, and deposit rate models in support of pricing, valuation, and risk measurement including economic capital, economic value and net interest income risk Lead and / or collaborate in development and implementation of tools and disciplines to monitor, analyze and identify ALM risks, as required Collaborate in development of hedging programs for retail banking product initiatives and campaigns, including mortgage, funding and securitization initiatives Liaise with regulatory bodies to explain ALM models and parameters, and their performance, as required Support pension investment, ALM, and risk measurement processes via development of requisite models, tools and analytics Lead CT's model validation process with GRM, including collaborating with GRM to ensure effective model risk controls and governance, and managing IRRM team's model inventory and behavioural assumption assessment and monitoring schedule Collaborate with Finance and Treasury partners to ensure alignment of ALM risk measurement, FTP, and financial performance management systems, as required Explore and develop new techniques and approaches, including use of AI in ALM and model development Lead and develop a team of high performing ALM modelling experts, providing ongoing staff direction, goal setting, and coaching What do you need to succeed? Must-have: Graduate degree in a quantitative field such as financial engineering, mathematics, engineering, or economics 10+ years related experience with a strong grasp of ALM practices Understanding of banking book balance sheet dynamics, product characteristics, client behaviour, and balance sheet flows, with focus on retail & commercial banking products Solid understanding of financial principles and risk concepts, including financial modelling and engineering, pricing models, econometrics, and fixed income mathematics Strong team management and coordination skills, ensuring accountability while fostering a positive, collaborative, and high-performing environment Strong communication and negotiation skills Well-organized and detail oriented, with ability to tailor analysis to required precision (i.e. 80/20 solutions) or attend to details, as needed Strong understanding of applicable regulatory guidelines and accounting principles, and related systems Nice-to-have: CFA and / or FRM designations, or equivalent Strong data and database skills, including SQL Prior exposure to ALM risk engine platforms and software (e.g. QRM or similar) 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

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