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 VP/Sr Manager, Deposits Pricing & Analytics



What is the opportunity?

The VP/Sr. Manager, Pricing & Analytics will

• Contribute to the development of a competitive and sustainable pricing approach for USCM\xe2\x80\x99s term deposits, demand deposits and other types of deposits
• 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
• Provide input and insights as to the revenue enhancement across clients, deposits and other products at the total portfolio level
• Recommend dynamic client pricing approach that help shape client, product and tenor mix to achieve a stable operational deposit base over time

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 you will do?

• Develop, set and monitor Client and Product level pricing for term deposits, demand deposits and other types of deposits
• Perform the execution of daily transactions between USCM and internal RBC Stakeholders while developing strong relationships
• 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
• Ability to analyze and interpret data leading to valuable insights, conclusions, and decision-making
• Build robust and flexible processes that can be run frequently and deliver consistent outcomes
• Excellent partnership and communication with products, sales, technology within USCM for end-to-end pricing delivery
• Stay current of market and competitive research on market pricing practices for corporate deposits pricing
• Ability to negotiate with both internal and external stakeholders, including clients, on deposits pricing related topics

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?

Required: University degree in a related field

Preferred: Graduate degree in a related field

• Excellent knowledge of deposits liquidity value and rate beta quantification
• Fluent with deposits product offerings and competitive pricing in the target market
• Good grasp of asset liability management and balance sheet hedging (Treasury / fixed income portfolio management experience is preferred)
• Solid understanding of derivatives and tractor/bond ladder in relate to deposits hedging
• High degree of business and financial acumen
• Able to perform data-driven analytics including the synthesis of complex data into meaningful insights
• Able to work with x-functional teams and functional partners to design an efficient process architecture that adheres to all RBC policies and controls.

Committed to team\xe2\x80\x99s prompt delivery of bespoke and real-time pricing for large amount of corporate deposits

• Strong communication skills with ability to communicate complex messages, trade-offs and tell a compelling story
• Have rigorous attention to detail with the ability to grasp big picture
• Comfortable working with quick turnaround times and deadlines
• Experience leading or shaping large transformational efforts preferred
• Professional designation (CFA/FRM/MBA) and/or Master in quantitative fields is highly desirable

• Ability to drive innovation and continuous process improvement of team

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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to building close relationships with clients

The good-faith expected salary range for the above position is $140,000 - $165,000 depending on factors including but not limited to the candidate\xe2\x80\x99s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC\xe2\x80\x99s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

\xc2\xb7 Drives RBC\xe2\x80\x99s high performance culture

\xc2\xb7 Enables collective achievement of our strategic goals

\xc2\xb7 Generates sustainable shareholder returns and above market shareholder value

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: 2023-09-12

Application Deadline:

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