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 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 escalate 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 escalate 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

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
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to build close relationships with clients
• Access to a variety of job opportunities across business and geographies

#LI-KA2

Job Skills

Adaptability, Crisis Management, Customer Service, Decision Making, Group Problem Solving, Interpersonal Relationship Management, Operational Delivery, Process Improvements, Task Delegation, Time Management

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

CAPITAL MARKETS

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2026-11-03

Application Deadline:

2026-11-17

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.