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About the Role
This Director-level position provides strategic leadership and operational oversight for cash management operations supporting RBC's global Capital Markets and Retail nostro accounts. The role combines deep technical expertise in intraday liquidity risk management with leadership capabilities to manage complex stakeholder relationships across Corporate Treasury, trading desks, operations teams, and external financial market infrastructures.
Responsibilities
- Provide strategic oversight and direction for the monitoring of cash flows as they relate to trades, transactions, and payments required for accurate positioning, forecasting, and funding of nostro accounts globally.
- Ensure operational capabilities for frequent monitoring of payment and settlement flows during the day while managing the timing of liquidity outflows.
- Identify and estimate unsettled items through intraday nostro reconciliation to determine additional intraday liquidity requirements.
- Monitor and track all time-sensitive payments (TSP) throughout the day and ensure timely settlement.
- Monitor cash balances at FMIs to ensure positions remain within both maximum long and short intraday position limits.
- Oversee daily maximum intraday liquidity usage observation and reporting.
- Lead the compilation of cash flow forecasts for funding and intraday collateral needs.
- Act as subject matter expert for FMI relationships, including FMI operating procedures, rule books, and credit requirements.
- Identify cash flow errors or potential value at risk to the Bank and manage to resolution or escalate to senior management.
- Ensure monitoring and management of intraday liquidity resources made available to resolve intraday demands.
- Maintain reporting to show available cash or collateral at the start of the day and real-time if requested.
- Oversee the monitoring of total value of time-sensitive payments settled each day and the timing and recurrence of material TSP.
- Ensure compliance with prescribed risk appetite requirements, limits, and thresholds.
- Maintain the operational aspects of intraday FMI playbooks to document scenario and procedural response strategies and escalation of intraday events in times of stress.
- Lead the development of contingency playbooks and support asset monetization strategies.
- Provide leadership in the review and acknowledgment of liquidity stress testing and parameter documents.
- Support Corporate Treasury and Capital Markets Treasury in establishing appropriate liquidity buffers for intraday liquidity risk.
- Deliver high-quality subject matter expertise to Retail and Capital Markets teams in relation to projects and ad hoc requests involving the funding and liquidity of nostro accounts.
- Effectively interact with and provide leadership engagement with TS Funding & Liquidity Trading Desk, Account Managers, Branches, Trading Operations staff, and correspondent banks.
- Update and deliver daily and monthly reports to Traders, Corporate Treasury, Capital Markets Treasury, and senior management.
- Provide data to support the monitoring, measuring, and reporting of material intraday liquidity risk exposures.
- Lead/coordinate efforts with IT partners and Model Development Owners to ensure supplied data is accurate and complete.
- Apply expert knowledge of Treasury Operations systems (CLM, IntelliMatch, Rimm, RATS, Prowide, BESS) and external systems (CDSX, CARS, LYNX, ACSS) to effectively calculate and manage the bank's current, overnight, and forward positions.
- Lead the identification of departmental system or process changes to streamline and improve service and efficiency.
- Identify service gaps provided by Cash Management to internal clients as well as service gaps from correspondent banks and make recommendations for improvement.
- Support the process of creating, updating, and maintaining desk procedures and operational documentation.
- Provide leadership and direction to cash management teams, fostering a strong commitment to teamwork, open two-way communication, and positive staff morale.
- Ensure strict adherence to policies and regulatory requirements across the team.
- Uphold the reputation of RBC and Operations at all times and ensure timely escalation of operational risk or loss events, control deficiencies, and risks.
- Ensure compliance with OSFI Liquidity Adequacy Requirements Chapter 7 - Intraday Liquidity Monitoring Tools and all applicable regulatory requirements.
- Participate in the review of the material FMI list and provide relevant attestations as outlined in policy requirements.
- Support regulatory submissions and intraday liquidity reporting requirements.
Requirements
- 10+ yrs of experience with advanced understanding of Cash Management processes, procedures, and intraday liquidity risk management principles
- Extensive knowledge of Capital Markets and banking operations/trading activity
- Deep understanding of market infrastructure including Settlement Agents, Nostro Agents, Clearing Houses, and Large Value Payment Systems
- Comprehensive understanding of operational risks, impacts, and controls in a capital markets environment
- Proven leadership experience managing complex operational processes and teams
- Strong knowledge of BCBS Principles for Sound Liquidity Risk Management and OSFI regulatory requirements
- Professional designation (CTP, CFA, FRM) or equivalent advanced degree
- Experience with regulatory stress testing and recovery/resolution planning
- Background in both Capital Markets and Retail banking operations
- Experience managing relationships with central banks and major FMIs
Skills
- Adaptability
- Crisis Management
- Customer Service
- Decision Making
- Group Problem Solving
- Interpersonal Relationship Management
- Operational Delivery
- Process Improvements
- Task Delegation
- Time Management
Location
- ROYAL BANK PLAZA, 200 BAY ST:TORONTO
- Toronto
- Canada
Work Type
- Full time
- Salaried
Experience Level
- Director-level
- 10+ yrs of experience
Education Level
- Professional designation (CTP, CFA, FRM) or equivalent advanced degree
Benefits
- A comprehensive Total Rewards Program including bonuses and flexible benefits
- competitive compensation
- commissions
- stock where applicable
About the Company
- 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.
- 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.
Equal Opportunity
- RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.