Managing Director Funding & Liquidity Services

What is the Opportunity?

This position leads a global team that manages the positioning and allocation of firm and client cash and collateral to ensure that adequate liquidity is available to support obligations relative to trading, underwriting, bank loans and other financial instruments for RBC Capital Markets.  This role requires the ability to partner with Corporate Treasury, Finance, and GRM to ensure a robust operational environment enabling the daily management and movement of financial resources and execution of optimization strategies for excess cash and to fund the firm’s obligations that align with business objectives. Lastly, ensure that all liquidity and funding activities comply with relevant regulatory standards.

The Head of Funding and Liquidity Services will establish the vision and set out goals within the team, driving high performance management and innovative transformation while supporting employee career development and rewarding strong performance.  The role provides the leadership to deliver exceptional service by adapting a mindset of continuous improvement and accountability for the delivery of the department goals and objectives aligned with annual plan targets.

In addition to daily accountabilities, the leader will be accountable for the strategic direction of technology capabilities required in areas such as payments, cash positions, account attestations, forecasting reports, etc. with the focus on driving STP automation and mitigating operational risk.

What will you do?

Operational Excellence

• Effectively manage a global Funding and Liquidity Services team through strategic thought leadership and governance of daily accountabilities
• Manage the operational risk associated with execution of team accountabilities and ensure that adequate process controls are in place and lead to a robust operating environment.
• Integrate new business initiatives by leveraging the full value of the team to develop better solutions and achieve a cross enterprise mindset.
• Provide ongoing oversight to ensure financial controls are well established and maintained ensuring the books of record are complete and accurate.
• Retain strong relationships with financial institution counterparts to facilitate management of related accounts and resolve disputes should they arise.

Risk Management

• Managing operational risk through diligent execution of a robust control framework and ensuring appropriate documented procedures, process maps and internal controls are in place.
• Aligns with the RBC Combined US Operations overall liquidity management framework as it relates to intraday liquidity, cash flow forecasting (both short and long term) and contributes to the Liquidity Crisis Team 
• Review processes on an on-going basis to ensure that they continue to be relevant and compliant with Standing Order policies, industry best practices and regulations.
• Stay current on industry trends and the competitive landscape to effectively anticipate operational risks and develop best in class solutions to mitigate occurrence.
• Pro-actively lead the creation of clearly defined, robust, repeatable and scalable solutions and drive automated STP solutions to minimize risks of manual errors.
• Ensure sufficient controls are in place to support and sign off the attestation processes, in accordance with the global RBC attestation policy.
• Contribute to the development and maintenance of corporate standing orders, regulatory policy implementation, intraday liquidity policy and cash flow forecasting process.

Financial Governance

• Responsible for the financial planning and budget of NIE transits which includes preparing several iterations of P&L, variance analysis, resource planning and cost allocation models.
• Ensure there are no overruns on controllable costs and budgets are managed within plan targets.
• Execute cost reduction opportunities that do not jeopardize risk and control infrastructure or diminish our service level.

Transformational Management

• Develop and execute on technology automation strategies that results in a scalable and digital infrastructure while maintaining appropriate management control and compliance environment.
• Leads the development of strategic initiatives with the intent to create efficiencies that lower cost of services by introducing automation and leading the deployment of new technology, resource optimization strategies, or process reengineering approaches.
• Cultivate strong external relationships for day-to-day dealings with clients, counterparts, CCP’s, Vendors

Thought Leadership

• Establishes the vision and sets out goals within the team, driving high performance management, transformation, supporting career development and rewarding strong performance.
• Develops and monitors service quality, dealing with Service Partner /Client service issues in a professional manner.
• Builds and leverages relationships with Business Partners/Service Providers
• Proactively assess obstacles and identifies opportunities to improve overall team performance.
• Supports the implementation of new processes/initiatives within team through testing and just in time training.

What do you need to succeed?

• Solid business knowledge as it relates to all Capital Markets’ products.
• 10+ years of financial background, relevant professional qualification and experience in leading global teams and initiatives.
• Extensive experience successfully leading a Capital Markets operations team.
• Experience presenting to senior executives.
• Experience in accounting or budgeting, ability to conduct ROI analysis for potential and existing products.
• Experience in analytical development and leading high profile global initiatives.
• Strong consulting skill set strategic thinking and ability to identify key drivers, core assumptions and significant trends.
• Extensive experience with portfolio management and the ability to manage projects involving multiple and complex data sets.
• Track record of strong leadership and influencing skills. Possessing strong emotional intelligence/maturity.
• Experience operating in a complex, matrix management environment.

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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• Opportunities to do challenging work.
• Opportunities to building close relationships with clients.

The good-faith expected salary range for the above position is $300,000 - $400,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs.  This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC’s high-performance culture
• Enables collective achievement of our strategic goals.
• Generates sustainable shareholder returns and above market shareholder value.

Job Skills

Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork

Additional Job Details

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORKNew YorkUnited States of America40Full timeCAPITAL MARKETSRegularSalaried2025-01-16

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