Director & Deputy Head, Global Liquidity Risk

RBC; Toronto; On-site; CAD 120,000 - 160,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Director & Deputy Head for Global Liquidity Risk. The ideal candidate will have 10-15 years of experience in financial risk management, particularly in Treasury and liquidity management. Responsibilities include overseeing liquidity risk practices, aligning principles across the organization, and engaging with regulators. This role offers competitive compensation and opportunities for professional development.

Benefits

Comprehensive Total Rewards Program

Flexible work/life balance options

Career development opportunities

Qualifications

• 10–15 years of experience in financial risk management, focusing on Treasury and liquidity management.
• Strong understanding of financial markets, banking regulations, and balance sheet structure.
• Strategic thinking to bridge liquidity risk management with regulatory expectations.

Responsibilities

• Provide insights on liquidity risk and its implications for funding.
• Align liquidity principles across the enterprise with compliance.
• Lead the development of the firm’s liquidity risk appetite.

Skills

Business Analytics

Derivatives

Risk Management

Education

Advanced degree in Finance, Economics, or related field

Job description

Job Summary

As the Director & Deputy Head, Global Liquidity Risk, you will act as a strategic partner to the Global Head of Liquidity Risk, driving global oversight of RBC’s liquidity risk practices. Your focus will be on ensuring robust liquidity buffers aligned with regulatory requirements, while fostering regional alignment on liquidity management principles.

Job Description

What is the opportunity?

The Group Risk Management Balance Sheet & Liquidity Risk (GRM-BSLR) team serves as the second line of defense for enterprise-wide balance sheet and liquidity risk management. Within GRM-BSLR, the Enterprise Liquidity team provides oversight and support to ensure consistent identification, measurement, and management of liquidity risks across the organization.

As Director and Deputy Head, Global Liquidity Risk, you will act as a strategic partner to the Global Head of Liquidity Risk, driving global oversight of RBC’s liquidity risk practices. Your focus will be on ensuring robust liquidity buffers aligned with regulatory requirements, while fostering regional alignment on liquidity management principles.

What will you do?

• Serve as a principal subject matter expert, providing insights on liquidity risk and its implications for funding and Funds Transfer Pricing to internal and external stakeholders.
• Act as the primary point of contact for regions to align liquidity principles across the enterprise, ensuring compliance with global and regional regulatory standards.
• Lead the development and calibration of the firm’s liquidity risk appetite, integrating qualitative and quantitative insights to inform strategic decisions.
• Challenge and review liquidity contingent buffer management practices from the first line, including sizing, investment criteria, monetization, and operational readiness.
• Spearhead the design and execution of enterprise-wide liquidity tabletop exercises, while supporting similar initiatives at the regional level.
• Represent the firm in regulatory dialogues with external bodies (e.g., OSFI, CBA, FED, PRA), ensuring alignment with evolving regulatory expectations and industry best practices.
• Build and enhance balance sheet capabilities to identify risk drivers and improve decision-making across the organization.

What do you need to succeed?

Must-have

• Education: Advanced degree (e.g., MBA, MA, MSc in Finance, Economics, or a related field).
• Experience: 10–15 years of experience in financial risk management, with a focus on Treasury and liquidity management in a large banking institution.
• Strategic thinker with the expertise to bridge enterprise-wide liquidity risk management with regulatory and internal expectations, while fostering alignment across regions.
• Strong understanding of financial markets, banking regulations, and the balance sheet structure of a global bank.
• Strong written, verbal, and time management skills to navigate high-pressure environments effectively.

Nice-to-have

• Certifications: CFA, FRM, CPA, or CA designations.
• Proven experience working with global regulators (preferably OSFI and the Federal Reserve) and extensive experience working with U.S. regulators is highly desirable.
• Track record of leading complex risk initiatives and fostering cross-functional collaboration, with the ability to influence senior stakeholders.
• Demonstrated ability to challenge first-line practices and articulate second-line perspectives with clarity and confidence.

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.

Job Skills

Business Analytics, Derivatives, Effectiveness Measurement, Investment Banking Analysis, Long Term Planning, Market Analysis, Market Risk, Results-Oriented, Risk Management

Additional Job Details

Address: ROYAL BANK PLAZA, 200 BAY ST, TORONTO, CANADA

City: TORONTO

Country: Canada

Work hours / week: 37.5

Employment Type: Full time

Platform: GROUP RISK MANAGEMENT

Job Type: Regular

Pay Type: Salaried

Posted Date: 2025-07-24

Application Deadline: 2025-08-16

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above.

Inclusion and Equal Opportunity Employment: At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. We foster a workplace based on respect, belonging, and opportunity for all.