Job Description

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\xe2\x80\x99re 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 Associate Director, Custody Product



What is the opportunity?

The Custody and Network Management unit is responsible for Global & Domestic custody (\xe2\x80\x9cCustody\xe2\x80\x99), network management, GFP, Primary markets products (ETFs, Loans), ICS and Benefit payments (\xe2\x80\x9cCustody Services\xe2\x80\x9d) within Investor Services (\xe2\x80\x9cIS\xe2\x80\x9d).

In this role, you will Initiate and support the overall product strategy, direction and profitability for Custody within RBC Investor Services, in alignment with core services\xe2\x80\x99 strategic objectives. You will initiate and support designing, developing products to support client retention, target client acquisition, enhance client experience and deliver on commitments made to clients, including drive and oversee execution of approved product change/development. Initiate and support the Product Standards & the operating framework for custody.

What will you do?

• Proactively involved in the assessment of available market intelligence and stakeholder feedback (clients and functions) on strategy and evolution of the custody business, including target market, features, product/service experience, regulation and compliance.
• Support development and maintenance of suite of Custody products focused on delivering NIAT growth through enhancing/digitizing products, generating client value, delivering by geography and platform.
• Deliver a clear product roadmap in-collaboration with Custody Product Executive, Client Experience, Client Operations and Client Coverage].
• Responsible for analysis of product-related change, including commercially viable and client focused business cases, with prioritization and approval of product, client, operational and regulatory change. Business cases to be managed in-collaboration with Profitability and Protocols.
• Support design and efficiency of product operating model(s), product standards and technical stack/architecture, with an objective to simplify where possible working with the Product Architect.
• Conduct analysis to understand the detailed P&L for Custody products and embed financials in driving client, product, execution and functional change on product profitability
• Responsible for ensuring appropriate governance, compliance with policies/frameworks and oversight of issues, risks, audit and compliance items
• Support client design for non-standard client on-boarding for Custody with Client Experience teams

What do you need to succeed?

Must-have

• BA or BSc in business, or other relevant degree
• 3 to 5 years\xe2\x80\x99 experience in industry, with a specific focus in securities finance and global markets
• Sound technical knowledge of the financial services and asset management industry
• Extensive experience in developing efficient strategies and business plans for all in-scope products
• Proven curiosity regarding Fintech and evolving investment industry trends
• Strong corporate knowledge

Nice- to-have

• MBA, post-graduate in business or finance
• Professional qualifications from a recognized industry body

What\xe2\x80\x99s 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.

• Excellent exposure to communicate with various business partners and stakeholders in Investor & Treasury Services and within other platforms as appropriate
• Working with an exciting, close-knit, supportive & dynamic group
• Opportunity to collaborate with other business segments within the bank
• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Competitive compensation

Job Summary

Address: TORONTO, Ontario, Canada

City: CAN-ON-TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: Wealth Management

Job Type: Regular

Pay Type: Salaried

Posted Date: 2023-03-03-08:00

Application Deadline: 2023-03-17-07:00

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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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at rbc.com/careers.

Royal Bank of Canada