Associate Director – Business & Performance Management –Funding & Liquidity

Royal Bank of Canada • Jersey City, NJ

2d • $125,000 - $175,000

About The Position

The Associate Director of Business & Performance management Funding & Liquidity is to support the strategic and operational leadership, ensuring the effective functioning of the group within the larger framework of capital markets. The role involves overseeing the operational processes that support trading, investment and risk management activities while ensuring compliance with regulatory requirements and industry standards. You will act as a bridge between senior management, operations and other key stakeholders, providing insights, optimizing workflows and managing budgets. Key responsibilities include resource allocation, process improvement, performance analysis and risk mitigation, ensuring that the groups operations align with the organization’s broader financial goals and capital markets strategies.

Requirements

• Minimum bachelor’s degree or equivalent relevant experience in Finance, Engineering, Science or Math desirable
• 7 - 10 years of relevant experience with strong knowledge of supporting systems used within Operations and project management expertise
• Proven examples of being Entrepreneurial minded
• Proven people management & development skills; ability to work effectively in a project team environment, demonstrated facilitation and leadership skills, strong listening and interview skills.
• Deep working knowledge of Capital Markets operational functions and processes within Middle Office and Settlement & Clearing.
• Deep Level understanding of the fundamentals of Capital Markets trading and the transaction lifecycle of the asset classes that BCS operations support.
• Deep Level understanding of RBC Capital Markets organizational structure (front office sales and trading, middle office, product control, BCS, regulatory/compliance, etc.)
• Familiarity with regional differences in operational processing within RBC Capital Markets.
• Self-motivated, able to work independently and within a team.
• Ability to prioritize, plan and execute work to meet tight deadlines.
• Strong innovative, problem-solving and analytical skills; a self-starter capable of functioning in an autonomous manner.
• Capable of building strong relationships with clients and stakeholders across the enterprise
• Provide concise and effective updates to the Director, BCS Global Business Management, as well as guidance to the applicable Project Managers where applicable
• Strong knowledge of supporting systems used within Operations. Project management expertise

Responsibilities

• Headcount: Evaluate & Monitor headcount within the MO/S&C pillar ensuring that resources are being leveraged in an optimal manner. Ensuring that MO/S&C employee’s roles have clear and detailed updated procedures.
• Metrics: With the help of the operating committee lead, define pillars key KPI’s and ensure that they are updated monthly.
• Budget Planning: Collaborate with senior management to develop annual CAPEX budgets aligned with strategic priorities and business goals.
• Investment Analysis: Evaluate proposed CAPEX projects based on their potential return on investment, strategic alignment, and impact on operational performance.
• Financial Oversight: Review and when necessary, assist with business case development (IFR). Review pillar NIE and look for opportunities to reduce spend.
• Funding & Liquidity Leadership Forum: Chair the leadership forum ensuring that pillars KPI’s, Audits, Regulatory Reporting, EUC’s are monitored and updated monthly.
• Risk Management: In partnership with process SME’s, Identify, assess, and mitigate risks associated with current state.
• Stakeholder Engagement: Collaborate with cross-functional teams, including finance, operations, technology, and project management, to align CAPEX initiatives with business priorities and objectives.
• Performance Monitoring: Track key performance indicators (KPIs) to measure the effectiveness and efficiency of the CDMG group.
• Continuous Improvement: Help to Identify opportunities to streamline CDMG processes, enhance cost-effectiveness, and improve decision-making through the implementation of best practices and process improvements.
• Risk & Control: Monitor pillar ORE’s, Audit and Regulatory issues and ensure timely resolution.
• Relationship Management: In conjunction with BCS management, liaise with businesses on CM initiatives and BU initiatives that impact BCS
• Work with technology partners (QTS) to provide transparency and guidance to BCS and QTS leadership on pillar projects

Benefits

• A comprehensive Total Rewards Program include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• 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 build close relationships with clients.
• You have the potential to earn more through RBC’s discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

What This Job Offers

• Job Type: Full-time
• Career Level: Director