Job Summary

Job Description

The CUSO FTP Lead is responsible for maintaining and enhancing funds transfer pricing (“FTP”) methodologies and processes related to transfer of interest rate risk (IRR) and liquidity risk across RBC’s combined US operations (“CUSO”) with emphasis on the banking entities. A good understanding of financial/mathematical concepts, bank’s products and balance sheet, and strong technical and analytical skills are preferred. In the delivery of the above mandate, the position is required to maintain a close working relationship with senior Corporate Treasury, Business, and Finance contacts. The position also provides timely and actionable information to senior management.

What will you do?

Develop, document, implement and maintain FTP framework, methodologies, and processes that provide market and customer behavior based pricing guidance for the CUSO entities;Transfer and/or price interest rate and liquidity risks inherent in the products for risk management. Maintain and enhance FTP production models and processes Enhance funds transfer pricing assumptions and considerations with respect to new and modified products aligned with evolving internal & regulatory liquidity requirementsExecute plan and forecast FTP rates including product profile, rates impact, and NIM analysisAssist with business meetings, queries, new products, and on-going product risk assessmentsWork closely with Liquidity Risk and Interest Rate Risk Measurement & Management teams to ensure alignment between risk management and FTP mechanismsWork with team members to automate and enhance methodologies & processesSupport regulatory, auditory and internal bodies inquiries related to Funds Transfer pricing

What do you need to succeed?

Must have:

Undergraduate/Graduate Degree in engineering, math, or finance related fields2+ years’ work experience in Fund Transfer Pricing in a BankMS Office Suite, strong Excel modelling, VBA, SQLSolid understanding of mathematical/financial principles, risk conceptsGood understanding of bank’s products and balance sheetFamiliarity with business and accounting regulations

Nice-to-have: 

Professional designations (e.g. CFA, FRM, CPA)Experience with Quantitative Risk management (“QRM”),5+ years experience within TreasuryExperience in Asset Liability ManagementExperience with programming languagesExperience with business intelligence and/or statistical software, including Tableau, Python

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 achieving success that is mutual.

A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamFlexible work/life balance optionsOpportunities to do challenging work

The good-faith expected salary range for the above position is $110,000 - $190,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

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

#LI-POST

#LI-Hybrid

Job Skills

Analytical Thinking, Cash Counting, Commercial Acumen, Critical Thinking, Decision Making, Investment Consulting, Knowledge Organization, Risk Management, Treasury Management

Additional Job Details

Address:

CNB, 555 FLOWER STREET:LOS ANGELES

City:

Los Angeles

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-01-02

Application Deadline:

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 embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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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.