Director, TLAP FX Portfolio Manager

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Director, TLAP FX Portfolio Manager

senior · Risk & Compliance

Job Description

What is the opportunity?

Join our HQLA team to manage and optimize approximately $100 billion in liquid assets across multiple jurisdictions. This role balances day-to-day portfolio execution with strategic focus on USD and cross-currency investment opportunities, hedging strategies, and profitability optimization. You'll combine robust reporting with market expertise to build ideal portfolio models while managing capital, liquidity, tax, and enterprise balance sheet value within Risk and Treasury constraints. This role will lean itself to a candidate who love to impart market knowledge into algorithms and iteratively build the ideal portfolio.

What will you do?

• Execute trades to purchase USD HQLA 1/2A
• Execute trades to purchase and hedge currency risk of non CAD/USD HQLA 1/2A
• Executing derivative duration hedging compliant with hedge accounting standards
• 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 do you need to succeed?

Must-have:

• Professional designation (CFA, CPA, or equivalent) and university degree in Finance or Accounting
• 7+ years' front office experience in cross-currency relative value, interest rate hedging, and secured funding
• Institutional-level HQLA asset experience with focus on relative value
• Proven ability to make buy/sell recommendations to senior stakeholders
• Expertise in hedge accounting, bank capital management, and liquidity management
• Ability to communicate clearly and succinctly across varied stakeholder groups

Nice-to-have:

• IFRS and US GAAP accounting knowledge
• Familiarity with Volcker Rule, Regulation W, and bank compliance
• Performance management and management accounting 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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in an agile, collaborative, progressive, and high-performing team
• The opportunity to interface with senior level executives from many different parts of the organization

Job Skills

Additional Job Details

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.