Associate Director, Subsidiary Treasury Management

What is the opportunity?

Corporate Treasury's Subsidiary Treasury Management (CT-STM) team is the first point of contact for subsidiary partners on all matters relating to Subsidiary Banking, Corporate Treasury, and other Global Functions. Its key activities include managing intragroup credit facilities globally within the context of complex regulatory, tax, legal, and governance considerations; account management, structuring, and financing of the Enterprise's subsidiaries; managing structural foreign exchange risk; and managing and measuring RBC's parental stand-alone total loss absorbing capacity (Solo TLAC) ratio.

Reporting to the Director, Subsidiary Treasury Management, the incumbent is responsible for supporting all aspects of the measurement and management of RBC's Solo TLAC ratio, including reporting & monitoring, forecasting & analysis, and governance & advocacy. The incumbent contributes to influencing and supporting various business initiatives while reinforcing appropriate governance requirements and parameters.

In the broader context of CT, the incumbent will also provide support on division wide projects and initiatives relating to RBC and its subsidiaries globally. The incumbent will assist in key subsidiary initiatives including funding strategies, organizational restructuring, capital optimization, and management accounting/transfer pricing.

What you will do?

Reporting and Monitoring

• Prepare quarterly Solo TLAC report for internal review and approval before submission to OSFI
• Prepare monthly/quarterly/annual internal reporting to GRM, CFO OC, ALCO, Board, etc. with oversight from Director, Subsidiary Treasury Management, and monitor against internal and regulatory limits
• Collaborate with Modeling Team to further streamline data collection and transformation to improve process efficiency and unlock analytical capabilities
• Collaborate with Director, Subsidiary Treasury Management, to strengthen the on-going monitoring and tracking of key drivers of the Solo TLAC ratio (e.g. the foreign branches' net third-party asset (NTPA) balances)
• Implement best practices in governance and controls around the Solo TLAC production process to meet evolving internal and regulatory expectations

Forecasting and Analysis

• Update the Solo TLAC forecast regularly, notify management of any challenges in meeting internal and regulatory limits, and recommend action plans
• Collaborate with Director, Subsidiary Treasury Management, to continuously enhance the forecasting model (e.g. build-out of more granular foreign branches' NTPA forecasting)
• Create decomposition capabilities, analyze underlying driver, and determine management levers in order to recommend improvements to the active management of the Solo TLAC ratio
• Provide Solo TLAC forecast to Capital team and Term Funding Forecasting team for consideration in the Capital and Funding Forecasting and Planning process
• Analyze significant subsidiary and foreign branch business transactions globally (e.g. new business, restructuring, acquisition, capital injection etc.) to evaluate Solo TLAC impact (immediate and ongoing) and assist in the execution of these in partnership with business and functional partners as required
• In conjunction with the above, draft comments for internal review and approval of business initiatives through Project Approval Requestions, New Business Committees, etc., and ensure transactions are properly captured in reporting and forecasting
• Perform scenario analysis to support major capital transactions (issuances, redemptions/buybacks, dividends, etc.) for review and approval

Governance & Advocacy

• Key contributor to the on-going maintenance of the Solo TLAC Policy and other related policies
• Key partner with Enterprise Decision Support on executing and continual reshaping of RBC's Delegation of Authorities on Intragroup Transactions
• Provide support for education sessions with stakeholders (CT, Finance, Business, other functional partners) and where appropriate lead sessions directly with oversight from Director, Subsidiary Treasury Management
• Provide input for discussion with OSFI/CBA on Solo TLAC rule interpretations and advocacy

Other

• Support Director, Subsidiary Treasury Management in the management of cross jurisdictional upstream deposit program
• Support STM/CT projects and initiatives relating to RBC and its subsidiaries globally to execute funding strategies, organizational restructuring, capital optimization, etc.

What you need to succeed?

Must Have

• Pertinent university degree or equivalent to meet minimum technical requirements of the job
• 5+ years' experience in financial institutions, particularly in treasury, capital/risk management, finance/accounting roles
• Ability to have both "big picture" strategic view / global mindset as well as utmost attention to detail
• Exceptional organization skills to keep track of numerous deadlines and deliverables
• Strong data management and analytics skills with working knowledge of various tools such as Excel VBA, SQL, Python, Tableau, etc.
• Self-starter, independent thinker with a willingness to learn and improve
• Strong written and oral communication skills
• Collaborative and consultative team player with strong interpersonal skills.
• Working knowledge of the structure of RBC Group from both management and legal entity points of view
• Understanding of RBC's subsidiary network as well as treasury management objectives and activities
• Understanding of RBC's capital management or risk management framework, operational processes, financial products, risk management activities
• Knowledge of regulatory and tax environments, particularly outside of Canada

Nice to Have

• Graduate degree (e.g. MBA), CPA, CFA, or equivalent

Job Skills

Business Data Analysis, Commercial Acumen, Communication, Corporate Treasury, Data Gathering Analysis, Data Management, Decision Making, Detail-Oriented, Finance, Financial Regulation, Financial Regulatory Reporting, Financial Services Industry, Management Reporting, Risk Management, Strategic Thinking, Taking Initiative, Teamwork, Treasury Management

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTORONTOCanada37.5Full timeOFFICE OF THE CFORegularSalaried2025-02-032025-02-18

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above