Associate Director, Subsidiary Banking- Europe/APAC

What is the opportunity?

Reporting to the Director, Subsidiary Banking, the Associate Director will assist in the promotion of Subsidiary Treasury Management (STM) as the point of first call for RBCs internal subsidiary partners on all matters relating to Subsidiary Banking, Corporate Treasury and other Global Functions, as well as assist the business development through the account management and financing of the enterprises subsidiaries consistent with policy frameworks and champions governance requirements/parameters.

The incumbent in this position is responsible for assisting with the prudent management of intra-group credit facilities for subsidiaries of RBC located in Europe and APAC within the context of complex and often competing regulatory, tax, legal, governance and operational dictates and constraints, so as to optimize the cost and structure for RBC Group overall, thus impacting the Enterprises bottom line on a before and after tax basis with oversight from the Director, Subsidiary Banking.

What you will do?

For RBC, Canadian subsidiaries of RBC and certain subsidiaries of RBC located in Europe and APAC:

• Serves as authoritative center of expertise for subsidiary funding, including capital, credit and transactional risk facilities, and applicable arms length pricing to ensure that these are appropriate as per relevant dictates and constraints, and at a minimum, meet pertinent governance, tax and regulatory requirements
• Supports credit process including negotiation with subsidiary management, and is responsible for ensuring all appropriate legal and other related documentation is structured and executed in accordance with client needs and RBC requirements
• Provide guidance and advises Director, Subsidiary Banking and other STM team members on credit and related issues
• Contributes to strategies to improve RBC balance sheet efficiency in order to maximize the growth potential of the businesses.
• Ensures subsidiary compliance to credit facility terms and SB and other RBC policies
• Manages excess approval process within own delegated authorities or through GRM, as required
• Key subsidiary partner and account manager collaborating to find innovative solutions to meet the various needs of the relevant subsidiaries
• Acts as a vital liaison between individual subsidiaries and Corporate Treasury
• Advises Director, Subsidiary Banking on various subsidiary, credit, and operational matters unique to this portfolio, given the respective needs of the various subsidiaries, interaction with RBC, and seniority of the incumbent
• Assist in the development of new and often complex structures, transactions or proposals to provide solutions with bottom line impact for businesses, and contributes to PARs and submissions to NBC, working to execute these in partnership with Business and Functional units as required
• Ensure that business and functional partners understand RBC vision, as well as support and reinforce targeted behaviors that contribute to RBC goals.
• Leverage the value in unit, department, and enterprise wide teams to develop better solutions and achieve a cross enterprise mindset.
• Assist in successful execution of change while supporting business and functional partners through the process, and keeping them focused on business priorities.

What you need to succeed?

Must Have

• Pertinent university degree or equivalent to meet minimum technical requirements of the job
• Adequate knowledge acquired as a result of 2+ years account management or other pertinent robust experience covering a range of exposure to both corporate and financial services, as well as trading products and strategies
• Working knowledge of regulatory and tax environments, particularly in Canada, Europe and APAC
• Ability to have both a big picture strategic view and global mindset as well as utmost attention to detail
• Collaborative and consultative team player with strong interpersonal skills.
• Entrepreneurial and strategic thinking capabilities demonstrated consistently throughout professional experience
• Exceptional organization skills to keep track of numerous deadlines and maturities
• Strong analytical, risk assessment, and investigative skills, as well as superior communication, interpersonal, negotiation and conflict resolution skills
• Prior experience managing projects and initiatives with multiple stakeholders
• Working knowledge of the structure of RBC Group, and the purposes and goals of European and APAC subsidiaries, as well as other major subsidiaries globally

Nice to Have

• Risk management experience
• Graduate degree (e.g. MBA), CFA or equivalent experience, CA/CGA

Job Skills

Additional Job Details

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