Director – RBC CUSO Investments
About The Position
This position is responsible for recommending and implementing strategies pertaining to the fixed income securities owned by RBC Combined US Operations (CUSO) and its Insured Depository Institution (IDI) subsidiaries. This includes execution of government and government agency debt instruments, mortgage-backed securities, municipal bonds, Collateralized Loan Obligations (CLOs), and other instruments as necessary. It may also include the negotiation and execution of interest rate derivatives as a complement to investment activity or to hedge interest rate risk. This position will work with relationship managers and team leaders at CNB to calculate loan funding costs and prepayment penalties. The position will also support the Director – Portfolio & Funding, the Treasurer, and the Asset Liability Management Committee (ALCO) through specialized analysis of market conditions, risks, and opportunities.
Requirements
- Bachelors’ degree in business, economics, mathematics, statistics, finance, or related field required.
- Minimum of 7 years investment securities experience required.
- Minimum of 5 years experience using Excel and Bloomberg as well as other Microsoft Office applications.
- Financial Modeling
- Demonstrated ability in written and oral communication skills along with strong presentation skills.
- Ability to determine the information and communication needs of the stakeholders and project.
- Strong organizational, project management and time management capabilities.
- An understanding of technology and/or financial services industry.
- Deadline-driven and results-oriented; able to meet consistently high quality standards while handling a variety of tasks and deadlines simultaneously.
Nice To Haves
- MBA or advanced degree in related field highly desirable.
- Excellent analytical skills.
- Ability to achieve superior performance while complying with all risk and regulatory requirements.
- Proficiency in investment analysis and research techniques.
- Excellent understanding of the economy and market conditions.
- Excellent written and oral communication abilities.
- Strong time management and project management skills.
- Ability to build positive relationships both within the Finance Division and throughout the bank.
Responsibilities
- Works closely with the Director – Portfolio & Funding and the IDI Treasurers to determine appropriate mix of assets and investment strategies that are consistent with ALCO directives at CNB and RBC Bank.
- Initiate purchases and sales of bonds and execute interest rate derivatives and repurchase transactions as appropriate. This includes managing relationships with primary and regional dealer firms.
- Manage CNB’s CLO portfolio through selection of CLO investments to maximize profits for all of RBC while mitigating risks through active portfolio adjustments, ensuring compliance with underwriting and risk standards, and ongoing communication with fund managers and RBC Capital Markets.
- Reviews holdings periodically to ensure that investments continue to meet the original purchase objectives.
- Prepares reports documenting investment performance, portfolio risk profile, market opportunities, and alternative investment strategies.
- Coordinate with RBC Capital Markets business development officers to foster and develop long-term CLO underwriting business and relationships.
- Supports CNB business development officers with loan pricing and prepayment penalty calculations.
- Assists CNB relationship managers and team leaders with Funds Transfer Pricing (FTP) questions and provide feedback on market conditions and funding costs.
- Provides analytics in support of the Funds Transfer Pricing (FTP) function across CUSO.
- Provides analytical support as needed to support the production of the company’s financial reports, BSA, AML, DFA, and Patriot Act requirements.
- Supports Heightened Standards and Sarbanes Oxley objectives through documentation of critical control procedures.
- Assists in the analysis of company exposure to market risk as needed.
Benefits
- 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
- A world-class training program in financial services
- Flexible work/life balance options
- Opportunities to do challenging work
Stand Out From the Crowd
Upload your resume and get instant feedback on how well it matches this job.
What This Job Offers
Job Type
Full-time
Career Level
Director
