Senior Manager, Retail Funds Transfer Pricing

Job Description

What is the opportunity?

The Senior Manager, Retail Funds Transfer Pricing is responsible for owning end to end the maintenance and enhancement of Corporate Treasury's Retail Funds Transfer Pricing forecasted rates, and related methodologies and processes related to transfer of interest rate risk (IRR) and liquidity risk.  The role has a direct impact on the management reporting of the transfer priced businesses (Canadian Banking, WM, I&TS platforms). 

This role will contribute to the growth of a center of expertise for Funds Transfer Pricing including Interest Rate Risk & Liquidity management to support regulatory, auditory, and internal bodies inquiries related to Funds Transfer pricing.

What will you do?

Funds Transfer Pricing

• Support the implementation and maintenance of RBC's non-trading funds transfer pricing framework that
  • provides market and customer behavior-based pricing guidance for the retail bank's products and services.
  • transfers and/or prices interest rate and liquidity risks inherent in the products for risk management; and
  • provide a robust basis for market-based performance management reporting
• Manages Retail FTP's Financial Outlook Models (FOM) process for CT's monthly forecast for interest rate risk and liquidity risk funds transfer pricing rates and modelling processes.  Acts as key liaison with HO Performance Management on Forecast/Plan.
• Responsible for maintaining and enhancing rate forecast models and related documentation, performing data analytics on balance sheet inputs and rate outputs, investigating FTP queries and rate questions as needed. 
• Holds position of QRM SME for Retail FTP team.  Assist senior members of the FTP team with data extraction, power point decks and analysis supporting FTP methodology White Papers.
• Supports Retail FTP Daily Rate indication process for CB and WM as back up support.
• Collaborates with senior team members to develop, automate and enhance various reports, excel models, and processes.
• Support Senior team members in ad-hoc tasks and special projects (CUSO, Harmony).

What do you need to succeed?

Must Have

• Undergraduate/Graduate Degree in one of the following: Mathematics, Economics, Finance, Statistics, Risk Management
• 4+ years related work experience
• Knowledge of Funds Transfer Pricing concepts and application
• Technical: MS Office Suite, Excel modelling, VBA, SQL
• Familiarity with automation/programming skills
• Good understanding of mathematical/financial/risk concepts
• Good understanding of bank's products and balance sheet
• Strong communication skills, both written and verbal.

Nice to Have

• Experience with VBA or other automation/programming languages, databases (SQL Server), business intelligence (Tableau, Power BI), statistical software (R), are preferred.
• Understanding of the drivers of bank margins across products.

Job Skills

Analytical Decision Making, Analytical Thinking, Banking, Commercial Acumen, Corporate Treasury, Critical Thinking, Decision Making, Excel Models, Financial Regulation, Interest Rate Risk, Interest Rate Risk Management, Interest Rates, Interpersonal Communication, Liquidity Management, Microsoft Access VBA, Risk Management, SQL Database Queries, Strategic Thinking, Structured Query Language (SQL), Teamwork, Treasury Management, Treasury Risk

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

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

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

Join our Talent Community

Stay 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

---