Associate Director, Wholesale FTP Oversight

Royal Bank of Canada•Toronto, ON

3d•Onsite

About The Position

This is an exciting and newly created role within Group Risk Management (GRM) that will establish and lead independent second‑line oversight of RBC’s global Capital Markets Funds Transfer Pricing (FTP) frameworks. You will provide governance, review, and credible challenge over FTP policies, methodologies, processes, and reporting executed by the first line, supporting a $1.2 trillion balance sheet. Success requires deep FTP expertise, strong risk judgment, and exceptional interpersonal and influencing skills to build a high‑impact oversight function from the ground up.

Requirements

Deep expertise in FTP principles, methodologies, governance, and controls
5-10 years’ experience with a major financial institution in Treasury, Capital Markets, Risk, or Liquidity Management, including direct exposure to FTP
Degree in Business, Economics, Finance, Mathematics, or another quantitative field
Strong knowledge of wholesale money markets, including repo, securities financing, equity financing, and related funding markets
Fluency with equity total return swaps (TRS), prime services, and the associated balance sheet, liquidity, and funding implications
Exceptional communication and interpersonal skills, with the ability to influence senior stakeholders globally
Strong analytical capabilities, including reviewing quantitative methodologies and large datasets (advanced Excel required)
Proven initiative and ability to operate independently in a fast‑paced, complex environment while establishing a new oversight function

Nice To Haves

Experience in a second‑line risk or independent oversight function
CFA and/or FRM designation
Broader understanding of wholesale trading, funding, and credit products
Familiarity with BCBS, OSFI, and other major regulatory frameworks (experience with other major jurisdictions is an asset)

Responsibilities

Provide independent global second‑line oversight of Capital Markets FTP methodologies
Review, challenge, and approve (where applicable) Wholesale FTP methodologies and enhancements proposed by the first line, ensuring alignment with internal policies, regulatory expectations, and sound risk‑management principles
Govern Capital Markets FTP‑related policies, frameworks, and controls
Review, challenge, and provide approval or recommendations on FTP policies, methodology changes, and policy exceptions submitted by the first line
Ensure proposals are supported by robust analysis, documentation, and governance, coordinating with Corporate Treasury and Finance globally
Oversee Capital Markets FTP‑related processes and systems
Review and challenge assumptions, inputs, and curves used in Finance’s FTP systems and processes from a second‑line risk perspective
Provide independent challenge and approval input on material enhancements to wholesale FTP systems and methodologies implemented by the first line
Lead regulatory, audit, and senior‑management engagement
Serve as a global second‑line subject‑matter expert supporting regulatory reviews, audits, and internal governance forums on wholesale FTP matters
Prepare independent risk assessments, briefing materials, and escalations of material issues arising from first‑line submissions to senior management and risk committees
Drive broader oversight initiatives
Develop a comprehensive understanding of enterprise cash flows to inform effective second‑line challenge, in partnership with Treasury, Finance, and Capital Markets globally
Provide independent analytical insights and risk opinions to senior leaders across GRM and first‑line stakeholders