CUSO Funds Transfer Pricing Lead

RBC Capital Markets, LLC
401(k)
United States, California, Los Angeles
Jan 03, 2025
Job Summary Job Description The CUSO FTP Lead 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 Fund Transfer Pricing 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"), 5+ 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 $110,000 - $190,000 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 #LI-POST #LI-Hybrid Job Skills Analytical Thinking, Cash Counting, Commercial Acumen, Critical Thinking, Decision Making, Investment Consulting, Knowledge Organization, Risk Management, Treasury Management Additional Job Details Address: CNB, 555 FLOWER STREET:LOS ANGELES City: Los Angeles Country: United States of America Work hours/week: 40 Employment Type: Full time Platform: OFFICE OF THE CFO Job Type: Regular Pay Type: Salaried Posted Date: 2025-01-02 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 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. We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process. 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 at jobs.rbc.com.