Director, Cash Management

Job DescriptionWhat 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 procedures
Ensure 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 Managers
Demonstrate ability to identify and estimate unsettled items through intraday nostro reconciliation to determine additional intraday liquidity requirements at any point in time
Monitor 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 permitted
Monitor cash balances at FMIs to ensure positions remain within both maximum long and short intraday position limits where established
Oversee daily maximum intraday liquidity usage observation and reporting to oversight functions within reasonable timeframes
Lead 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 payments
Risk 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 requirements
Identify cash flow errors or potential value at risk to the Bank and manage to resolution or escape to senior management with clear recommendations
Ensure 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 windows
Maintain reporting to show available cash or collateral at the start of the day and real-time if requested to oversight functions
Oversee the monitoring of total value of time-sensitive payments settled each day and the timing and recurrence of material TSP
Ensure compliance with prescribed risk appetite requirements, limits, and thresholds;
report and expedite excesses to any established metrics in a timely manner
Strategic 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 Plans
Lead the development of contingency playbooks and support asset monetization strategies to ensure timely access to liquidity resources
Provide leadership in the review and acknowledgment of liquidity stress testing and parameter documents as subject matter expert prior to GRM review and approval
Support Corporate Treasury and Capital Markets Treasury in establishing appropriate liquidity buffers for intraday liquidity risk based on stress parameters
Stakeholder 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 accounts
Effectively 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 discrepancies
Update and deliver daily and monthly reports to Traders, Corporate Treasury, Capital Markets Treasury, and senior management in a timely manner
Provide data to support the monitoring, measuring, and reporting of material intraday liquidity risk exposures potentially on a real-time basis as agreed with Corporate Treasury
Lead/coordinate efforts with IT partners and Model Development Owners to ensure supplied data is accurate and complete
Systems & Process Improvement
Apply expert knowledge of Treasury Operations systems (CLM, IntelliMatch, Rimm, RATS, Prowide, BESS) and external systems (CDSX, CARS, LYNX, ACSS) to effectively calculate and manage the bank’s current, overnight, and forward positions
Lead the identification of departmental system or process changes to streamline and improve service and efficiency
Identify service gaps provided by Cash Management to internal clients as well as service gaps from correspondent banks and make recommendations to senior management for improvement
Support the process of creating, updating, and maintaining desk procedures and operational documentation
Leadership & Team Development
Provide leadership and direction to cash management teams, fostering a strong commitment to teamwork, open two-way communication, and positive staff morale
Ensure strict adherence to policies and regulatory requirements across the team
Uphold the reputation of RBC and Operations at all times and ensure timely escalation of operational risk or loss events, control deficiencies, and risks
Regulatory & Compliance
Ensure compliance with OSFI Liquidity Adequacy Requirements Chapter 7 - Intraday Liquidity Monitoring Tools and all applicable regulatory requirements
Participate in the review of the material FMI list and provide relevant attestations as outlined in policy requirements
Support regulatory submissions and intraday liquidity reporting requirements
What do you need to succeed?Required:
10+ yrs of experience with advanced understanding of Cash Management processes, procedures, and intraday liquidity risk management principles
Extensive knowledge of Capital Markets and banking operations/trading activity
Deep understanding of market infrastructure including Settlement Agents, Nostro Agents, Clearing Houses, and Large Value Payment Systems
Comprehensive understanding of operational risks, impacts, and controls in a capital markets environment
Proven leadership experience managing complex operational processes and teams
Strong knowledge of BCBS Principles for Sound Liquidity Risk Management and OSFI regulatory requirements
Preferred:
Professional designation (CTP, CFA, FRM) or equivalent advanced degree
Experience with regulatory stress testing and recovery/resolution planning
Background in both Capital Markets and Retail banking operations
Experience managing relationships with central banks and major FMIs
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