Associate Director, Wholesale Balance Sheet - Transfer Pricing

Job Description

What is the opportunity?

In this role as a key member of the global Balance Sheet Reporting & Optimization team the successful candidate will act as a subject matter expert for the Wholesale businesses (Capital Markets and Treasury Services), leading and participating in projects related to the Funds Transfer Pricing (FTP) for Capital Markets’ (CM) businesses, while streamlining and enhancing reporting capabilities for funding and liquidity cost allocation platform wide for the consumption of CM Senior Management.

The Associate Director will act as a liaison and a subject matter expert for CM FTP between Wholesale businesses and (1) Corporate Treasury and (2) Wholesale Business Finance Advisory in formulating proposals to optimize both funding and liquidity costs as well as sources and uses of funding, while enhancing application of FTP methodology and operational processes; while managing and designing processes to allocate funds transfer pricing costs to wholesale businesses while continuously monitoring and analyzing through implementation of FTP methodologies.

What will you do?

• Lead and implement initiatives to enhance accuracy and allocation of funding and liquidity costs to Capital Markets businesses in accordance with Corporate Treasury’s FTP methodologies, as well as providing transparency over FTP charges to relevant stakeholders
• Design and implement enhanced allocation mechanisms for CM’s FTP costs to support the alignment of funding and liquidity costs with asset profile requirements
• Manage monthly term liquidity premium allocations to CM businesses and ensure implementation accuracy
• Forecast and analyze funds transfer pricing costs for CM businesses based on forecasted balance sheet usage, and advise relevant stakeholders while offering strategic insight on optimizing financial resource deployment
• Analyze and decompose residual funding costs and spearhead initiatives to further allocate the residual funding costs/benefits based on the source of funding requirements
• Steering actions and management options, awareness and education of the application of Funds Transfer Pricing methodologies within CM businesses
• Establishing effective business tools to assist business in understanding funding costs to better price transactions to revenue targets and/or return hurdles
• Analyze individual business group processes in support of improving cross-functional optimization solutions
• Support CM teams as well as various enterprise groups by providing information and fulfilling processes as required related to funding and liquidity costs
• Optimize the use of new technology and information systems updates to improve process and system efficiency including data improvement initiatives
• Get involved with various projects as required and support the management of financial resources across the BSO team, including RWA, Leverage, Capital, Balance Sheet, Funding and Liquidity

What do you need to succeed?

Must-have

• CA-CPA or CFA designation holder
• Excellent leadership, communication, analytical and project management skills
• Knowledge of asset liquidity profile and funding requirements for major product and asset classes within capital markets
• 3+ years of high level involvement in Financial/management reporting
• Proficiency with computer applications, such as Excel and PowerPoint, ; Visual Basics software knowledge also preferred

Nice-to-have

• Other accounting or finance designation, FRM, MBA or equivalent related designation preferred
• Exposure to Capital Markets and understanding of RBC CM business
• Knowledge of RBC financial systems and associated procedures

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 and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Flexible work/life balance options
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

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JOB SUMMARY
City: Toronto
Address: 200 Bay Street
Work Hours/Week: 37.5
Work Environment: Office
Employment Type: Permanent
Career Level: Experienced Hire/Professional
Pay Type: Salary + Variable Bonus
Required Travel (%): 0-25
Exempt/Non-Exempt: N/A
People Manager: Yes
Application Deadline: 12/29/2020
Platform: CFO Group
Req ID: 301040
Ad Code(s):