VP/Sr. Manager, Deposit Product Pricing & Analytics
City : TORONTO, Ontario, Canada
Category : Finance | Accounting
Industry : Financial/Banking
Employer : RBC
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’re 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
Job Description
What is the opportunity?
The role will
- Contribute to the development of a competitive and sustainable pricing approach for USCM’s term deposits, demand deposits and current account in the mid-market corporate space
- 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 to the overall pricing strategy focused on revenues across clients, deposits and other products at the total portfolio level
- Recommend pricing strategies 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 will you do?
- Contribute to the development of a competitive and sustainable pricing approach for USCM’s term deposits, demand deposits and current account in the mid-market corporate space
- 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 to the overall pricing strategy focused on revenues across clients, deposits and other products at the total portfolio level
- Recommend pricing strategies that help shape client, product and tenor mix to achieve a stable operational deposit base over time
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?
At least 5 years of experience in the financial industry, with preference in Treasury, Cash Management or Transaction Banking.
- Excellent knowledge of deposits liquidity value, rate beta quantification and funds transfer pricing of deposits
- 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.
- 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
What’s 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
Leaders who support your development through coaching and managing opportunities
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work
Flexible work/life balance options
USACASHMGMT
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Inclusion and Equal Opportunity Employment
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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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