Director, Cash Management

Job Description
What is the opportunity?
This Director-level position provides strategic leadership and operational oversight for cash management operations supporting RBC's global Capital Markets and Retail nostro accounts. The role combines deep technical expertise in intraday liquidity risk management with leadership capabilities to manage complex stakeholder relationships across Corporate Treasury, trading desks, operations teams, and external financial market infrastructures. The incumbent is responsible for ensuring operational excellence in daily cash positioning, developing and maintaining contingency playbooks, and establishing robust measurement and monitoring frameworks that support regulatory compliance and enterprise liquidity risk management objectives.What will you do?
Intraday Liquidity Management & Operations
Provide strategic oversight and direction for the monitoring of cash flows as they relate to trades, transactions, and payments required for accurate positioning, forecasting, and funding of nostro accounts globally under prescribed guidelines and proceduresEnsure operational capabilities for frequent monitoring of payment and settlement flows during the day while managing the timing of liquidity outflows where possible, including real-time monitoring and escalation procedures to Designated Liquidity ManagersDemonstrate ability to identify and estimate unsettled items through intraday nostro reconciliation to determine additional intraday liquidity requirements at any point in timeMonitor and track all time-sensitive payments (TSP) throughout the day and ensure timely settlement, including managing delays or promoting payments to improve intraday liquidity position with FMIs as permittedMonitor cash balances at FMIs to ensure positions remain within both maximum long and short intraday position limits where establishedOversee daily maximum intraday liquidity usage observation and reporting to oversight functions within reasonable timeframesLead the compilation of cash flow forecasts for funding and intraday collateral needs, demonstrating capabilities to forecast key intraday liquidity risk items for large time-sensitive paymentsRisk Management & Controls
Act as subject matter expert for FMI relationships, including FMI operating procedures, rule books, credit requirements, and understanding of business line FMI usage in support of Recovery and Resolution requirementsIdentify cash flow errors or potential value at risk to the Bank and manage to resolution orEnsure monitoring and management of intraday liquidity resources made available to resolve intraday demands, including demonstrating ability to transfer cash from central bank accounts or pledge/lodge collateral at discount windowsMaintain reporting to show available cash or collateral at the start of the day and real-time if requested to oversight functionsOversee the monitoring of total value of time-sensitive payments settled each day and the timing and recurrence of material TSPEnsure compliance with prescribed risk appetite requirements, limits, and thresholds;
report and elevate excesses to any established metrics in a timely mannerStrategic Planning & Contingency Management
Maintain the operational aspects of intraday FMI playbooks to document scenario and procedural response strategies and escalation of intraday events in times of stress in coordination with local and enterprise Liquidity Contingency PlansLead the development of contingency playbooks and support asset monetization strategies to ensure timely access to liquidity resourcesProvide leadership in the review and acknowledgment of liquidity stress testing and parameter documents as subject matter expert prior to GRM review and approvalSupport Corporate Treasury and Capital Markets Treasury in establishing appropriate liquidity buffers for intraday liquidity risk based on stress parametersStakeholder Management & Reporting
Deliver high-quality subject matter expertise to Retail and Capital Markets teams in relation to projects and ad hoc requests involving the funding and liquidity of nostro accountsEffectively interact with and provide leadership engagement with TS Funding & Liquidity Trading Desk, Account Managers, Branches, Trading Operations staff, and correspondent banks in the handling and resolution of inquiries and discrepanciesUpdate and deliver daily and monthly reports to Traders, Corporate Treasury, Capital Markets Treasury, and senior management in a timely mannerProvide data to support the monitoring, measuring, and reporting of material intraday liquidity risk exposures potentially on a real-time basis as agreed with Corporate TreasuryLead/coordinate efforts with IT partners and Model Development Owners to ensure supplied data is accurate and completeSystems & Process Improvement
Apply expert knowledge of Treasury Operations systems (CLM, IntelliMatch, Rimm, RATS,
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