CUSO FTP Associate

The CUSO FTP Associate is responsible for maintaining and enhancing funds transfer pricing ("FTP") methodologies and processes related to transfer of interest rate risk (IRR) and liquidity risk across RBC's combined US operations ("CUSO") with emphasis on the banking entities. A good understanding of financial/mathematical concepts, bank's products and balance sheet, and strong technical and analytical skills are preferred. In the delivery of the above mandate, the position is required to maintain a close working relationship with senior Corporate Treasury, Business, and Finance contacts. The position also provides timely and actionable information to senior management.

What will you do?

• Develop, document, implement and maintain FTP framework, methodologies, and processes that provide market and customer behavior based pricing guidance for the CUSO entities;
• Transfer and/or price interest rate and liquidity risks inherent in the products for risk management. Maintain and enhance FTP production models and processes.
• Enhance funds transfer pricing assumptions and considerations with respect to new and modified products aligned with evolving internal & regulatory liquidity requirements.
• Execute plan and forecast FTP rates including product profile, rates impact, and NIM analysis.
• Assist with business meetings, queries, new products, and on-going product risk assessments.
• Work closely with Liquidity Risk and Interest Rate Risk Measurement & Management teams to ensure alignment between risk management and FTP mechanisms.
• Work with team members to automate and enhance methodologies & processes.
• Support regulatory, auditory and internal bodies inquiries related to Funds Transfer pricing.

What do you need to succeed?

Must have:

• Undergraduate/Graduate Degree in engineering, math, or finance related fields
• 2+ years' work experience in in a Bank
• MS Office Suite, strong Excel modelling, VBA, SQL
• Solid understanding of mathematical/financial principles, risk concepts
• Good understanding of bank's products and balance sheet
• Familiarity with business and accounting regulations

Nice-to-have:

• Professional designations (e.g. CFA, FRM, CPA)
• Experience with Quantitative Risk management ("QRM"),
• 2+ years experience within Treasury
• Experience in Asset Liability Management
• Experience with programming languages
• Experience with business intelligence and/or statistical software, including Tableau, Python

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
• Flexible work/life balance options
• Opportunities to do challenging work

The good-faith expected salary range for the above position is $80,000 - $135,000 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

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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.