Vp/Sr. Manager, Deposit Product Pricing & Analytics

Come Work with Us!

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

VP/Sr. Manager, Deposit Product Pricing & Analytics

What is the opportunity?

The role will

• Recommend pricing strategies that help shape client, product and tenor mix to achieve a stable operational deposit base over time
• Provide input to the overall pricing strategy focused on revenues across clients, deposits and other products at the total portfolio level
• Contribute to the development of a competitive and sustainable pricing approach for USCM’s term deposits, demand deposits and current account in the mid-market corporate space
• Support the execution of be-spoke and real-time pricing for large amount of corporate deposits in close partnership with relationship managers, sales and money market desk

US Cash Management USCM) Business is a unique opportunity to build the cash management business of the future from the ground up. This is an exciting time to join a start-up function within RBC, built from scratch and anchored in a technical/digital play vs. a traditional play, enabling RBC to compete with new entrants in this space!

What will you do?

• Provide input to the overall pricing strategy focused on revenues across clients, deposits and other products at the total portfolio level
• Recommend pricing strategies that help shape client, product and tenor mix to achieve a stable operational deposit base over time
• Support the execution of be-spoke and real-time pricing for large amount of corporate deposits in close partnership with relationship managers, sales and money market desk
• Contribute to the development of a competitive and sustainable pricing approach for USCM’s term deposits, demand deposits and current account in the mid-market corporate space

People Leadership & Collaboration

• Works with team members to establish goals, drive performance management, support career development and reward strong performance.
• Ability to forge strong relationships and routines with cross functional partners to drive strong business outcomes

What you need to succeed?

• High degree of business and financial acumen
• At least 5 years of experience in the financial industry, with preference in Treasury, Cash Management or Transaction Banking.
• Fluent with deposits product offerings and competitive pricing in the target market
• Able to perform data-driven analytics including the synthesis of complex data into meaningful insights
• Experience leading or shaping large transformational efforts preferred
• Professional designation (CFA/FRM/MBA) and/or Master in quantitative fields is highly desirable
• Have rigorous attention to detail with the ability to grasp big picture
• Excellent knowledge of deposits liquidity value, rate beta quantification and funds transfer pricing of deposits
• Comfortable working with quick turnaround times and deadlines
• Good grasp of asset liability management and balance sheet hedging (Treasury / fixed income portfolio management experience is preferred)
• Able to work with x-functional teams and functional partners to design an efficient process architecture that adheres to all RBC policies and controls.
• Strong communication skills with ability to communicate complex messages, trade-offs and tell a compelling story
• Solid understanding of derivatives and tractor/bond ladder in relate to deposits hedging

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.

• Opportunities to do challenging work
• Leaders who support your development through coaching and managing opportunities
• Flexible work/life balance options
• Work in a dynamic, collaborative, progressive, and high-performing team
• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation

USACASHMGMT

Job Summary

Address:

TORONTO, Ontario, Canada

City:

CAN-ON-TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

Capital Markets

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2023-05-24

Application Deadline:

2023-05-30

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.

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