Associate, Passive Currency Overlay Product

1 week ago

Toronto, Ontario, Canada Royal Bank of Canada Full time

Job Summary

What is the opportunity?


In this role, you will be responsible for the Product Development of our Currency Overlay and FX Standing Instruction products, providing market leading trusted FX solutions that deliver transparent execution, operational efficiency, and leading digital client experiences.

This role will be focused on enhancing and developing our Currency Overlay capabilities for our Canadian client base.

What will you do?

  • Definition, implementation, and governance of the RBC Investor Services FX product set (with a primary focus on Currency Overlay Services), operating models, product standards and technical architecture to provide market leading trusted FX solutions to clients that deliver transparent execution, operational efficiency, and leading digital experiences.
  • Endtoend ownership of the Passive Currency Overlay Product, maintaining & developing operating models, the product roadmap, and responsibility for the execution of strategic initiatives.
  • Cultivate a deep understanding of all the drivers of FX product revenue & costs and continually seek out and initiate opportunities that increase profitability.
  • Client facing responsibilities acting both as the onboarding lead for new clients and the goto individual for any client specific FX solution design requirements.
  • Maintain and build strong working relationships with key stakeholders necessary to navigate the role including, but not limited to, Market Services Execution, Business Development, Client Success, Technology & Operations, Marketing, Group Risk, Compliance, Finance Group, and the Data Management Office.
  • The role is situated on the trading floor, where the work environment is facepaced and deadlinedriven.
  • RBC is committed to supporting flexible work arrangements when and where available. Details to be discussed with Hiring Manager.

What do you need to succeed?

Must-have

  • University degree.
  • Minimum 4 years' industry experience with a specific focus in foreign exchange, global markets, and a broad understanding of currency hedging.
  • Experience in either a front office or an operational role in a buyside or sellside firm will be considered.
  • An understanding of custody and fund administration products including, but not limited to fund accounting and transfer agency.
  • Ability to autonomously navigate complex organizations.
  • Ability to absorb and analyze complex information from various stakeholders, understand relevance, synthesize, and summarize.

Nice-to-have:

  • CFA or postgraduate in business or finance
  • Users of a Currency Overlay Product on the buyside
  • Experience in an FX Trading, Execution or Product role
  • Coding experience

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.


  • Excellent exposure to communicate with various business partners and stakeholders in Investor Services and within other platforms as appropriate
  • Opportunity to obtain handson experience throughout your role
  • Working with an exciting, closeknit, supportive & dynamic group
  • Opportunity to collaborate with other business segments within the bank
  • Excellent career development and progression opportunities
  • A comprehensive Total Rewards Program including bonuses and flexible benefits
  • Competitive compensation

Job Skills
Currency Management, Currency Risk Management, Market Trading

Additional Job Details

Address:

ROYAL BANK PLAZA, 200

BAY ST:

TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Wealth Management

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

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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