CUSO FTP Associate
Top Benefits
About the role
Job Description
The CUSO FTP Associate is responsible for maintaining and enhancing funds transfer pricing (“FTP”) methodologies and processes related to transfer of interest rate risk (IRR) and liquidity risk across RBC’s combined US operations (“CUSO”) with emphasis on the banking entities. A good understanding of financial/mathematical concepts, bank’s products and balance sheet, and strong technical and analytical skills are preferred. In the delivery of the above mandate, the position is required to maintain a close working relationship with senior Corporate Treasury, Business, and Finance contacts. The position also provides timely and actionable information to senior management.
What will you do?
- Develop, document, implement and maintain FTP framework, methodologies, and processes that provide market and customer behavior based pricing guidance for the CUSO entities;
- Transfer and/or price interest rate and liquidity risks inherent in the products for risk management. Maintain and enhance FTP production models and processes.
- Enhance funds transfer pricing assumptions and considerations with respect to new and modified products aligned with evolving internal & regulatory liquidity requirements.
- Execute plan and forecast FTP rates including product profile, rates impact, and NIM analysis.
- Assist with business meetings, queries, new products, and on-going product risk assessments.
- Work closely with Liquidity Risk and Interest Rate Risk Measurement & Management teams to ensure alignment between risk management and FTP mechanisms.
- Work with team members to automate and enhance methodologies & processes.
- Support regulatory, auditory and internal bodies inquiries related to Funds Transfer pricing.
What do you need to succeed?
Must have:
- Undergraduate/Graduate Degree in engineering, math, or finance related fields
- 2+ years’ work experience in in a Bank
- MS Office Suite, strong Excel modelling, VBA, SQL
- Solid understanding of mathematical/financial principles, risk concepts
- Good understanding of bank’s products and balance sheet
- Familiarity with business and accounting regulations
Nice-to-have:
- Professional designations (e.g. CFA, FRM, CPA)
- Experience with Quantitative Risk management (“QRM”),
- 2+ years experience within Treasury
- Experience in Asset Liability Management
- Experience with programming languages
- Experience with business intelligence and/or statistical software, including Tableau, Python
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, 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
- Flexible work/life balance options
- Opportunities to do challenging work
The good-faith expected salary range for the above position is $80,000 - $135,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
· Drives RBC’s high performance culture
· Enables collective achievement of our strategic goals
· Generates sustainable shareholder returns and above market shareholder value
#LI-POST
Job Skills
Analytical Thinking, Commercial Acumen, Critical Thinking, Decision Making, Financial Regulation, Interest Rate Risk Management, Risk Management, Strategic Thinking, Treasury Management
Additional Job Details
Address:
CNB, 555 FLOWER STREET:LOS ANGELES
City:
Los Angeles
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
OFFICE OF THE CFO
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-06-24
Application Deadline:
2025-10-31
Note**: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
CUSO FTP Associate
Top Benefits
About the role
Job Description
The CUSO FTP Associate is responsible for maintaining and enhancing funds transfer pricing (“FTP”) methodologies and processes related to transfer of interest rate risk (IRR) and liquidity risk across RBC’s combined US operations (“CUSO”) with emphasis on the banking entities. A good understanding of financial/mathematical concepts, bank’s products and balance sheet, and strong technical and analytical skills are preferred. In the delivery of the above mandate, the position is required to maintain a close working relationship with senior Corporate Treasury, Business, and Finance contacts. The position also provides timely and actionable information to senior management.
What will you do?
- Develop, document, implement and maintain FTP framework, methodologies, and processes that provide market and customer behavior based pricing guidance for the CUSO entities;
- Transfer and/or price interest rate and liquidity risks inherent in the products for risk management. Maintain and enhance FTP production models and processes.
- Enhance funds transfer pricing assumptions and considerations with respect to new and modified products aligned with evolving internal & regulatory liquidity requirements.
- Execute plan and forecast FTP rates including product profile, rates impact, and NIM analysis.
- Assist with business meetings, queries, new products, and on-going product risk assessments.
- Work closely with Liquidity Risk and Interest Rate Risk Measurement & Management teams to ensure alignment between risk management and FTP mechanisms.
- Work with team members to automate and enhance methodologies & processes.
- Support regulatory, auditory and internal bodies inquiries related to Funds Transfer pricing.
What do you need to succeed?
Must have:
- Undergraduate/Graduate Degree in engineering, math, or finance related fields
- 2+ years’ work experience in in a Bank
- MS Office Suite, strong Excel modelling, VBA, SQL
- Solid understanding of mathematical/financial principles, risk concepts
- Good understanding of bank’s products and balance sheet
- Familiarity with business and accounting regulations
Nice-to-have:
- Professional designations (e.g. CFA, FRM, CPA)
- Experience with Quantitative Risk management (“QRM”),
- 2+ years experience within Treasury
- Experience in Asset Liability Management
- Experience with programming languages
- Experience with business intelligence and/or statistical software, including Tableau, Python
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, 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
- Flexible work/life balance options
- Opportunities to do challenging work
The good-faith expected salary range for the above position is $80,000 - $135,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
· Drives RBC’s high performance culture
· Enables collective achievement of our strategic goals
· Generates sustainable shareholder returns and above market shareholder value
#LI-POST
Job Skills
Analytical Thinking, Commercial Acumen, Critical Thinking, Decision Making, Financial Regulation, Interest Rate Risk Management, Risk Management, Strategic Thinking, Treasury Management
Additional Job Details
Address:
CNB, 555 FLOWER STREET:LOS ANGELES
City:
Los Angeles
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
OFFICE OF THE CFO
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-06-24
Application Deadline:
2025-10-31
Note**: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.