Director, Cash Management

RBC; Toronto; On-site; CAD 180,000 - 240,000; Full time

Job summary

RBC seeks a Director-level leader to oversee intraday liquidity management for global nostro accounts and capital markets operations. You will coordinate risk controls, contingency planning, and real-time funding strategies across Treasury, trading desks, and external market infrastructures.

You will drive regulatory compliance, stakeholder engagement, and data-driven reporting while leading cross-functional teams to optimize daily cash positioning and liquidity resilience.

Qualifications

• Minimum 10+ years in cash management or intraday liquidity risk within large financial institutions.
• Deep knowledge of Capital Markets, banking operations, and regulatory expectations.
• Proven leadership of complex operation teams and cross-functional programs.
• Experience with FMI relationships, settlement systems, and liquidity risk monitoring.

Responsibilities

• Oversee intraday liquidity monitoring, funding of nostro accounts, and real-time payment flows.
• Lead risk controls, incident management, and escalation with senior leadership.
• Develop contingency playbooks and liquidity stress testing programs.
• Deliver regular reporting to Traders, Treasury, and senior management.
• Collaborate with IT and model owners to ensure data accuracy for dashboards.

Skills

Intraday liquidity risk management

Leadership

Stakeholder management

Regulatory knowledge

Cross-functional collaboration

Education

Professional designation (CTP, CFA, FRM) or equivalent advanced degree

Tools

CLM

IntelliMatch

Rimm

RATS

Prowide

BESS

CDSX

CARS

LYNX

ACSS

Job description

Job Description

What is the opportunity?

This Director-level position provides strategic leadership and operational oversight for cash management operations supporting RBC's global Capital Markets and Retail nostro accounts. The role combines deep technical expertise in intraday liquidity risk management with leadership capabilities to manage complex stakeholder relationships across Corporate Treasury, trading desks, operations teams, and external financial market infrastructures. The incumbent is responsible for ensuring operational excellence in daily cash positioning, developing and maintaining contingency playbooks, and establishing robust measurement and monitoring frameworks that support regulatory compliance and enterprise liquidity risk management objectives.

What will you do?

Intraday Liquidity Management & Operations

• Provide strategic oversight and direction for the monitoring of cash flows as they relate to trades, transactions, and payments required for accurate positioning, forecasting, and funding of nostro accounts globally under prescribed guidelines and procedures
• Ensure operational capabilities for frequent monitoring of payment and settlement flows during the day while managing the timing of liquidity outflows where possible, including real-time monitoring and escalation procedures to Designated Liquidity Managers
• Demonstrate ability to identify and estimate unsettled items through intraday nostro reconciliation to determine additional intraday liquidity requirements at any point in time
• Monitor and track all time-sensitive payments (TSP) throughout the day and ensure timely settlement, including managing delays or promoting payments to improve intraday liquidity position with FMIs as permitted
• Monitor cash balances at FMIs to ensure positions remain within both maximum long and short intraday position limits where established
• Oversee daily maximum intraday liquidity usage observation and reporting to oversight functions within reasonable timeframes
• Lead the compilation of cash flow forecasts for funding and intraday collateral needs, demonstrating capabilities to forecast key intraday liquidity risk items for large time-sensitive payments

Risk Management & Controls

• Act as subject matter expert for FMI relationships, including FMI operating procedures, rule books, credit requirements, and understanding of business line FMI usage in support of Recovery and Resolution requirements
• Identify cash flow errors or potential value at risk to the Bank and manage to resolution or escape to senior management with clear recommendations
• Ensure monitoring and management of intraday liquidity resources made available to resolve intraday demands, including demonstrating ability to transfer cash from central bank accounts or pledge/lodge collateral at discount windows
• Maintain reporting to show available cash or collateral at the start of the day and real-time if requested to oversight functions
• Oversee the monitoring of total value of time-sensitive payments settled each day and the timing and recurrence of material TSP
• Ensure compliance with prescribed risk appetite requirements, limits, and thresholds; report and expedite excesses to any established metrics in a timely manner

Strategic Planning & Contingency Management

• Maintain the operational aspects of intraday FMI playbooks to document scenario and procedural response strategies and escalation of intraday events in times of stress in coordination with local and enterprise Liquidity Contingency Plans
• Lead the development of contingency playbooks and support asset monetization strategies to ensure timely access to liquidity resources
• Provide leadership in the review and acknowledgment of liquidity stress testing and parameter documents as subject matter expert prior to GRM review and approval
• Support Corporate Treasury and Capital Markets Treasury in establishing appropriate liquidity buffers for intraday liquidity risk based on stress parameters

Stakeholder Management & Reporting

• Deliver high-quality subject matter expertise to Retail and Capital Markets teams in relation to projects and ad hoc requests involving the funding and liquidity of nostro accounts
• Effectively interact with and provide leadership engagement with TS Funding & Liquidity Trading Desk, Account Managers, Branches, Trading Operations staff, and correspondent banks in the handling and resolution of inquiries and discrepancies
• Update and deliver daily and monthly reports to Traders, Corporate Treasury, Capital Markets Treasury, and senior management in a timely manner
• Provide data to support the monitoring, measuring, and reporting of material intraday liquidity risk exposures potentially on a real-time basis as agreed with Corporate Treasury
• Lead/coordinate efforts with IT partners and Model Development Owners to ensure supplied data is accurate and complete

Systems & Process Improvement

• Apply expert knowledge of Treasury Operations systems (CLM, IntelliMatch, Rimm, RATS, Prowide, BESS) and external systems (CDSX, CARS, LYNX, ACSS) to effectively calculate and manage the bank’s current, overnight, and forward positions
• Lead the identification of departmental system or process changes to streamline and improve service and efficiency
• Identify service gaps provided by Cash Management to internal clients as well as service gaps from correspondent banks and make recommendations to senior management for improvement
• Support the process of creating, updating, and maintaining desk procedures and operational documentation

Leadership & Team Development

• Provide leadership and direction to cash management teams, fostering a strong commitment to teamwork, open two-way communication, and positive staff morale
• Ensure strict adherence to policies and regulatory requirements across the team
• Uphold the reputation of RBC and Operations at all times and ensure timely escalation of operational risk or loss events, control deficiencies, and risks

Regulatory & Compliance

• Ensure compliance with OSFI Liquidity Adequacy Requirements Chapter 7 - Intraday Liquidity Monitoring Tools and all applicable regulatory requirements
• Participate in the review of the material FMI list and provide relevant attestations as outlined in policy requirements
• Support regulatory submissions and intraday liquidity reporting requirements

What do you need to succeed?

Required:

• 10+ yrs of experience with advanced understanding of Cash Management processes, procedures, and intraday liquidity risk management principles
• Extensive knowledge of Capital Markets and banking operations/trading activity
• Deep understanding of market infrastructure including Settlement Agents, Nostro Agents, Clearing Houses, and Large Value Payment Systems
• Comprehensive understanding of operational risks, impacts, and controls in a capital markets environment
• Proven leadership experience managing complex operational processes and teams
• Strong knowledge of BCBS Principles for Sound Liquidity Risk Management and OSFI regulatory requirements

Preferred:

• Professional designation (CTP, CFA, FRM) or equivalent advanced degree
• Experience with regulatory stress testing and recovery/resolution planning
• Background in both Capital Markets and Retail banking operations
• Experience managing relationships with central banks and major FMIs