Job Summary

Corporate Treasury’s Subsidiary Treasury Management (CT-STM) team is the first point of contact for subsidiary partners on all matters relating to Subsidiary Banking, Corporate Treasury, and other Global Functions. Its key activities include managing intragroup credit facilities globally within the context of complex regulatory, tax, legal, and governance considerations; account management, structuring, and financing of the Enterprise’s subsidiaries; managing structural foreign exchange risk; and managing and measuring RBC’s parental stand-alone total loss absorbing capacity (Solo TLAC) ratio.

Job Description

What is your opportunity?

Reporting to the Managing Director, Subsidiary Treasury Management, you will be responsible for leading all aspects of the measurement and management of RBC’s Solo TLAC ratio, overseeing certain funding activities in the Caribbean.

You will lead CT Involvement in RBC’s Resolution & Recovery Plans (RRP) including the development of the timeline for the Scenario runs and related analysis, development of various committee materials and CT inputs into the RRPs (the latter in coordination with other CT colleagues and GRM. You will also influence and contribute to various business initiatives while reinforcing appropriate governance requirements and parameters specifically with respect to STM’s Caribbean funding subsidiaries but also more broadly for STM initiatives as required. 

In the broader context of CT, this role supports division wide projects and initiatives relating to RBC and its subsidiaries globally and will contribute to key subsidiary initiatives including funding strategies, organizational restructuring, capital optimization, and management accounting/transfer pricing

What will you do?

Solo TLAC

Reporting and Monitoring

Oversee and review the quarterly Solo TLAC report preparation before submission to OSFI

Review monthly/quarterly/annual internal reporting to GRM, CFO OC, ALCO, Board, etc., and monitor against internal and regulatory limits

Collaborate with Modeling Team to further streamline data collection and transformation to improve process efficiency and unlock analytical capabilities

Lead on-going monitoring and tracking of key drivers of the Solo TLAC ratio (e.g. the foreign branches’ net third-party asset (NTPA) balances)

Implement best practices in governance and controls around the Solo TLAC production process to meet evolving internal and regulatory expectations

Forecasting and Analysis

Oversee Solo TLAC forecasting, notify management of any challenges in meeting internal and regulatory limits, and recommend action plans

Lead enhancements of the forecasting model (e.g. build-out of more granular foreign branches’ NTPA forecasting)

Create decomposition capabilities, analyze underlying driver, and determine management levers in order to recommend improvements to the active management of the Solo TLAC ratio

Analyze significant subsidiary and foreign branch business transactions globally (e.g. new business, restructuring, acquisition, capital injection etc.) to evaluate Solo TLAC impact (immediate and ongoing) and assist in the execution of these in partnership with business and functional partners as required

Review and approve scenario analysis to support major capital transactions (issuances, redemptions/buybacks, dividends, etc.)

Governance & Advocacy

Update Solo TLAC Policy and recommend updates to other related CT and Enterprise policies, as required

Provide input for discussion with OSFI/CBA on Solo TLAC related interactions, such as audits/reviews, rule interpretations and advocacy

Provide Solo TLAC education sessions for stakeholders (CT, Finance, GRM, Business, other functional partners, etc.)

Resolution and Recovery

Manage the end-to-end delivery of CT’s contribution to RBC’s Recovery and Resolution Plans (RRPs) including:

Assist in the development and act as coordinator for plan production process including CT production calendars for Scenario Analysis and other CT financial inputs to the RRP.

Lead CT Team meetings, solicit feedback and production plan (including responsibilities, timelines, milestones etc.) to keep production on time to meet CT’s RRP deliverables.

Participate in broader RRP working groups with GRM to track overall RRP production timelines.  Communicate updates to CT RRP working group and track deliverables in overall CT RRP production plan.

Assist in the development of committee materials, milestone updates and overall updates review by Senior Management for presentation to Treasurer and other Senior Executives.

Coordinate CT inputs into the RRP, soliciting feedback and collating responses across CT and other functional and business partners for review by Senior team members.

Stay up to date on developments from RBC’s prudential regulators with respect to RRP including OSFI and CDIC.

Prepare annual Internal TLAC analysis for review by Managing Director, Corporate Treasury and submission to OSFI.

Foreign Operations and Intragroup Credit Oversight

Oversee the day-to-day operations and management of two intragroup funding subsidiaries in the Caribbean

Support the ownership of the Management P&L and enterprise benefits generated by the funding entities

Oversee the management of intragroup credit facilities involving entities in the Caribbean

Manage RBC’s upstream deposit program involving entities in Europe and the Caribbean

What do you need to succeed?

Ability to have both “big picture” strategic view / global mindset as well as utmost attention to detail

Exceptional organization skills to keep track of numerous deadlines and deliverables

Self-starter, independent thinker with a willingness to learn and improve

Strong written and oral communication skills

Collaborative and consultative team player with strong interpersonal skills.

Working knowledge of the structure of RBC Group from both management and legal entity points of view

Understanding of RBC’s subsidiary network as well as treasury management objectives and activities

Understanding of RBC’s capital management or risk management framework, operational processes, financial products, risk management activities, resolution and recovery planning

Knowledge of regulatory and tax environments, particularly outside of Canada

Nice-to-have

Graduate degree (e.g. MBA), CPA, CFA, or equivalent

What’s in it for you?

We thrive on the challenge to be our best, thinking progressively 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 executives from many different parts of the organization

Job Skills

Additional Job Details

Address:

RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-07-16

Application Deadline:

2025-08-02

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.

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