Senior Manager, Pension Operations

Job Summary

Job Description

What is the opportunity?

The Pension Investments team at RBC is responsible for managing and overseeing a diversified portfolio of over $15 billion in pension assets. We are seeking a highly motivated and detail-oriented person to support our team in the administration, cash management, and operational oversight of our pension investment portfolio.

This role is essential to the day-to-day functioning of the pension plan and will involve working closely with internal stakeholders, external managers, custodians, and service providers to ensure operational accuracy, timely execution of payments, and robust cash flow management.

What you will do?

Cash Management & Liquidity Oversight

• Monitor daily cash balances and ensure adequate liquidity across investment accounts
• Manage cash transfers, rebalancing instructions, and short-term funding requirements
• Run liquidity scenario analyses to assess readiness under various market conditions
• Provide insights and recommendations on liquidity optimization strategies

Administrative & Operational Support

• Coordinate and process benefit payments to pensioners and invoices from investment managers and third-party service providers
• Ensure accuracy and timeliness of payment instructions, reconciliations, and cash flows
• Liaise with the Plan’s custodian and administrators on operational issues and documentation

Performance Measurement & Reporting

• Assist in monitoring and validating investment performance across asset classes
• Support the production of regular and ad-hoc performance and operational reports for internal stakeholders and senior leadership
• Maintain up-to-date records of transactions, asset allocation, and fund flows

Compliance, KYC & AML

• Coordinate Know Your Client (KYC) and Anti-Money Laundering (AML) documentation for new and existing investments
• Ensure compliance with internal policies and external regulatory requirements
• Maintain accurate records and support audit and risk management processes

What you need to succeed?

Must Have

• Bachelor’s degree in Finance, Business Administration, Accounting, or a related field
• 4+ years' of experience in investment operations, treasury, cash management, or fund administration (pension, asset management or investment fund experience preferred)
• Strong understanding of investment products (fixed income, equities, alternatives), fund structures, and capital markets
• Excellent interpersonal skills and ability to communicate effectively with colleagues at different levels of the organization and a variety of external contacts.
• Strong attention to detail and accuracy with the ability to identify and solve data and calculation errors.
• Willingness and flexibility to examine and improve the current processes.
• Ability to work independently, identify and solve problems through conducting analysis supported by facts.
• Strong intellectual curiosity about the financial markets and investments

Nice to Have

• CFA, CAIA, CPA or other relevant designation
• Experience working with custodians, external fund managers, or financial vendors is an asset

Job Skills

Annuities, Cash Management, Critical Thinking, Group Problem Solving, Investments, Market Liquidity, Mathematical Finance, Payment Handling, Pensions, Risk Analysis

Additional Job Details

Address: RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City: TORONTO

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: OFFICE OF THE CFO

Job Type: Regular

Pay Type: Salaried

Posted Date: 2025-04-15

Application Deadline: 2025-05-01

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. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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