Director, TLAP Derivative Portfolio Manager

Job title:

Director, TLAP Derivative Portfolio Manager

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?The Director – Retail Liquidity Portfolio Management is a key member of the broader Corporate Treasury Markets’ team. The incumbent will support the broader team manage ~$100Bn of CAD high quality liquid assets across multiple jurisdictions. While the incumbent will be involved in the day-to-day management of the portfolio (i.e., security selection and execution), the primary focus will be a)managing interest rate risk in the bond portfolios b) identifying and execution cross currency investment opportunities that optimize portfolio liquidity and profitability c) working with the business management, risk management, and financial control teams to ensure the derivative hedging portfolios are appropriately managed within the agreed to frameworks.With the solid backing of robust reporting, this role will lean itself to a candidate who love to impart market knowledge into algorithms and iteratively build the ideal portfolio. Residing in Toronto, our new partner will ensure we optimize Capital, Liquidity, Tax, and Enterprise balance sheet value while managing within constraints set forth by Risk, Financial Controls, and Corporate Treasury Enterprise Liquidity Management.What you will do?

• Executing derivative duration hedging compliant with hedge accounting standards;
• Recommend and execute trades to purchase and hedge currency risk of non CAD/USD HQLA 1/2A/2B;
• Recommend and execute trades to purchase CAD and USD HQLA 1/2A/2B (internally and externally);
• Be lead subject matter expert on cross currency investment opportunities (both currency and foreign markets) including training of junior staff;
• Work with the Markets’ data analytics and reporting team to tell the story of the portfolio, work on the ideal portfolio given the environmental binding constraints, and build real life limitations into ideal model portfolios;
• Work with our Product Control and Performance Management team to have reporting of the portfolio performance relative to the Work with our various Risk Teams to ensure sufficient limits including (but not limited to) Single Name Exposure, Counterparty Credit, Key Rate Duration.

What you need to succeed?Must Have

• 7+ years’ front office experience with a focus on cross currency relative value, interest rate hedging and secured funding;
• Experience with HQLA assets at an institutional level with a focus on relative value (absolute, liquidity, etc);
• Experience making buy or sell recommendation to senior team members or external clients;
• Experience with Hedge Accounting, Bank Capital Management, Liquidity Management, and Management Accounting;
• Experience operating with subsidiaries;
• Ability to partner with the entire stack of internal stakeholders (Risk Management, Financial/Product Control, Performance Management, Corporate Treasury, Debt Capital Markets, and trading)
• Ability to communicate clearly and succinctly (verbally and written);

Nice to Have

• IFRS and US GAAP Accounting knowledge
• Familiarity with Volcker, Reg W, and broader Bank Compliance
• Performance Management and Management Accounting experience

Job Skills Cash Management, Currencies, Derivatives, Financial Regulation, Financial Services Industry, Hedging, Interest Rates, Investments, Knowledge Organization, Management Reporting, Office Operations, Operational Risks, Risk Management, Standard Operating Procedure (SOP), Strategic Thinking, Treasury ManagementAdditional Job DetailsAddress: RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: Office of the CFOJob Type: RegularPay Type: SalariedPosted Date: 2024-07-10Application Deadline: 2024-08-31Inclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.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 .

Expected salary

Location

Toronto, ON

Job date

Thu, 11 Jul 2024 23:55:44 GMT

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