Associate Director, Balance Sheet Modeling

What is the opportunity?

The corporate treasury team is seeking a highly motivated Associate Director to lead the development and enhancement of forecasting models used to project the Bank’s balance sheet under various business and economic scenarios. This role plays a critical function in supporting strategic planning, risk management, asset-liability management, and regulatory forecasting requirements.

The successful candidate will bring a strong understanding of balance sheet dynamics, asset-liability modeling, and banking products, with a proven ability to translate complex financial concepts into robust quantitative models.

What will you do?

• Design, develop and maintain balance sheet forecasting models to support ALM, interest rate risk management, liquidity planning , and regulatory stress testing

• Partner with Treasury, Risk, Finance and Business Units to gather assumptions and ensure alignment across business forecasts.

• Develop scenario analysis capabilities through simulation to assess the impact of economic and rate shocks on the balance sheet and net interest income

• Translate complex balance sheet behaviors (e.g. prepayment, deposit decay, reinvestment strategy) into quantitative modeling frameworks

• Ensure models meet internal governance and external regulatory standards, including documentation, validation and audit readiness

• Monitor model performance and enhance methodologies to reflect changes in the economic environment and banking behavior

• Provide technical leadership to junior analysts and collaborate with model validators and other stakeholders

What do you need to succeed?

Must-have:

• Bachelor’s or Master’s degree in quantitative discipline such as Finance, Economics, Statistics, Mathematics, Engineering or a related field

• Minimum of 3 years of experience in financial institution, preferably in corporate treasury, ALM, risk management, interest rate risk, liquidity risk, and behavioral modeling

• Expert knowledge in survival analysis modeling frameworks and working knowledge of Monte Carlo simulation

• Solid understanding of bank balance sheet structure, interest rate risk, liquidity risk and behavioral modeling

• Experience with numerical modeling tools (e.g. Python, R, SAS, SQL)

Nice to have:

• Strong analytical, problem-solving, and communication skills, with the ability to present complex material to non-technical stakeholders

• Familiarity with regulatory frameworks (e.g. IRRBB, Basel III) is a strong asset

• Experience working with ALM systems (e.g. QRM, BancWare)

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 operate collaboratively in an office environment where we are onsite 4 days per week. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• Excellent exposure to communicate with various business partners and stakeholders

• Opportunity to obtain hands-on experience throughout your role

• Working with an exciting, close-knit, supportive & dynamic group

• Opportunity to collaborate with other business segments within RBC

• Access to top tier learning resources to help shape your professional career

• Excellent career development and progression opportunities

• A comprehensive Total Rewards Program including bonuses and flexible benefits

• Competitive compensation

• “Best in Class” Employee Recognition Program

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC’s high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

Job Skills

Analytical Thinking, Balance Sheets, Business, Commercial Acumen, Critical Thinking, Decision Making, Finance, Financial Modeling, Financial Reporting and Analysis, Financial Risk Modeling, Financial Simulations, Long Term Planning, Market Liquidity, Risk Management, Simulation Models, Statistical Models, Statistics, Strategic Thinking, Treasury Management

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTO Toronto Canada 37.5 Full time OFFICE OF THE CFO Regular Salaried 2025-08-01 2025-08-25

Note: Applications will be accepted until 11:59 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.