Associate Portfolio Manager – Treasury Liquid Asset Portfolio
About the role
Job Description
What is the opportunity?
The Associate Portfolio Manager – Treasury Liquid Asset Portfolio is a key member of the broader Corporate Treasury Markets’ team. The incumbent will support the broader team in managing ~$100Bn of retail liquidity assets.
With the solid backing of robust reporting, this role will lean itself to a candidate who love to impart market knowledge into algorithms and iteratively build the ideal portfolio. Residing in Toronto, our new partner will ensure we optimize Capital, Liquidity, Tax, and Enterprise balance sheet value while managing within constraints set forth by Risk, Financial Controls, and Corporate Treasury Enterprise Liquidity Management.
What you will do?
- Conduct Fundamental and Quantitative analysis on various HQLA L1, L2A and L2B issuers to identify investment opportunities and opine on relative value and pricing – including quarterly and ad hoc summaries for our major holdings and market dynamics
- Provide broad support and full back-up responsibilities to the Lead Portfolio Manager - CAD Liquid Assets. In addition, provide support for the non-CAD liquid assets and their respective Portfolios Managers (USD SSA, USD MBS etc)
- Conduct trade booking and associated operational support to the group Portfolio Managers where needed and with the required excellence
- Develop and maintain direct relationships with various HQLA L1, L2A and L2B issuers as well as maintaining relationships with the broader dealing street
- Work with our various Risk Teams to ensure sufficient limits including (but not limited to) Single Name Exposure, Counterparty Credit, Key Rate Duration, etc;
- Liase with our Debt Capital Markets’ team to support RBC’s clients who are issuing debt that falls into our milieu.
- Work with our Product Control, Reporting and Performance Management teams to improve portfolio performance reporting both in absolute terms and relative to the benchmark; Work with our Accounting Groups to ensure appropriate Hedge Accounting Structures and Controls are in place to protect the timing recognition of bank earnings
What do you need to succeed?
Must Have
- University Degree with a background in commerce – Finance or Accounting preferred
- Professional Designation – CFA, CPA, CA or international equivalent
- 3+ years’ front office experience with a focus on HQLA assets at an institutional level with a focus on relative value (absolute, liquidity, etc)
- Experience making buy or sell recommendation to senior team members or external clients
- Experience with interest rate and cross currency derivatives
- Experience with Hedge Accounting, Bank Capital Management, Liquidity Management, and Management Accounting
- Ability to communicate clearly and succinctly (verbally and written)
- Ability to partner with the entire stack of internal stakeholders (Risk Management, Financial/Product Control, Performance Management, Corporate Treasury, Debt Capital Markets, and trading)
Nice to Have
- IFRS and US GAAP Accounting knowledge
- Familiarity with Volcker, Reg W, and broader Bank Compliance
- Performance Management and Management Accounting experience
- Python, VBA, SQL
Job Skills
Derivatives, Investment Consulting, Investment Performance Measurement, Investment Risk Management, Investments, Investments Analysis, Long Term Planning, Portfolio Management, Product Services, Risk Control
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:
2025-08-26
Application Deadline:
2025-09-13
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion 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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
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.
Associate Portfolio Manager – Treasury Liquid Asset Portfolio
About the role
Job Description
What is the opportunity?
The Associate Portfolio Manager – Treasury Liquid Asset Portfolio is a key member of the broader Corporate Treasury Markets’ team. The incumbent will support the broader team in managing ~$100Bn of retail liquidity assets.
With the solid backing of robust reporting, this role will lean itself to a candidate who love to impart market knowledge into algorithms and iteratively build the ideal portfolio. Residing in Toronto, our new partner will ensure we optimize Capital, Liquidity, Tax, and Enterprise balance sheet value while managing within constraints set forth by Risk, Financial Controls, and Corporate Treasury Enterprise Liquidity Management.
What you will do?
- Conduct Fundamental and Quantitative analysis on various HQLA L1, L2A and L2B issuers to identify investment opportunities and opine on relative value and pricing – including quarterly and ad hoc summaries for our major holdings and market dynamics
- Provide broad support and full back-up responsibilities to the Lead Portfolio Manager - CAD Liquid Assets. In addition, provide support for the non-CAD liquid assets and their respective Portfolios Managers (USD SSA, USD MBS etc)
- Conduct trade booking and associated operational support to the group Portfolio Managers where needed and with the required excellence
- Develop and maintain direct relationships with various HQLA L1, L2A and L2B issuers as well as maintaining relationships with the broader dealing street
- Work with our various Risk Teams to ensure sufficient limits including (but not limited to) Single Name Exposure, Counterparty Credit, Key Rate Duration, etc;
- Liase with our Debt Capital Markets’ team to support RBC’s clients who are issuing debt that falls into our milieu.
- Work with our Product Control, Reporting and Performance Management teams to improve portfolio performance reporting both in absolute terms and relative to the benchmark; Work with our Accounting Groups to ensure appropriate Hedge Accounting Structures and Controls are in place to protect the timing recognition of bank earnings
What do you need to succeed?
Must Have
- University Degree with a background in commerce – Finance or Accounting preferred
- Professional Designation – CFA, CPA, CA or international equivalent
- 3+ years’ front office experience with a focus on HQLA assets at an institutional level with a focus on relative value (absolute, liquidity, etc)
- Experience making buy or sell recommendation to senior team members or external clients
- Experience with interest rate and cross currency derivatives
- Experience with Hedge Accounting, Bank Capital Management, Liquidity Management, and Management Accounting
- Ability to communicate clearly and succinctly (verbally and written)
- Ability to partner with the entire stack of internal stakeholders (Risk Management, Financial/Product Control, Performance Management, Corporate Treasury, Debt Capital Markets, and trading)
Nice to Have
- IFRS and US GAAP Accounting knowledge
- Familiarity with Volcker, Reg W, and broader Bank Compliance
- Performance Management and Management Accounting experience
- Python, VBA, SQL
Job Skills
Derivatives, Investment Consulting, Investment Performance Measurement, Investment Risk Management, Investments, Investments Analysis, Long Term Planning, Portfolio Management, Product Services, Risk Control
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:
2025-08-26
Application Deadline:
2025-09-13
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion 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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
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.