Director, Structural FX Hedging

Job title:

Director, Structural FX Hedging

Company

Royal Bank of Canada

Job description

Job Summary

Job Description

What is the opportunity?

The ALM execution team is looking for someone to lead management of RBC’s structural FX position. The Director, Structural FX Hedging will have to work closely with the subsidiary treasury management teams, hedge accounting and funding to assess the banks exposure to foreign currencies, propose and execute hedges to keep the bank at the target exposure. The incumbent will also have responsibility to face the market to manage the NOSTRO and other monthly and project-based FX exposures as and when they arise.

What you will do?

• Execute all hedging related to RBC’s structural FX hedging program
• Execute spot transactions for manage foreign currency balances that arise throughout the CFO function
• Manage dealer relationships to ensure that RBC continues to receive best execution
• Liaise with Hedge Accounting and the Subsidiary Treasury Teams to ensure that the hedging programs remain fit for purpose
• Produce regular reporting on the structural FX position

What you need to succeed?

Must Have

• 5+ years’ experience in finance in buy or sell side FX trading or sales
• Previous balance sheet management or treasury experience
• CPA, CFA or degree in finance
• Knowledge of derivatives, portfolio reporting, P&L reporting
• Knowledge of bank balance sheet mechanics particularly as relates to structural positioning. Knowledge of relevant banking regulations, such as FRTB, BASEL

Nice to Have

• Experience with Bloomberg, Derivative Pricing Models

Job Skills Bloomberg Platform, Detail-Oriented, Foreign Exchange Hedging, Hedge Accounting, Hedging, Management Reporting, Trade Client Reporting, Trade Processing, Treasury Management

Additional Job Details

Address: RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City: TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: Office of the CFO

Job Type: Regular

Pay Type: Salaried

Posted Date: 2024-01-17

Application Deadline: 2024-02-05

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.

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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Expected salary

Location

Toronto, ON

Job date

Tue, 23 Jan 2024 05:54:27 GMT

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