Director Liquidity Risk Management Jobs in Ridgewood, NJ

What is the opportunity?

The Liquidity and Funding Product Owner is responsible for defining, prioritizing, and guiding the development of liquidity and funding management products and capabilities to maximize value and alignment with business objectives. This role sits within the Funding, Liquidity & Payment Services portfolio and reports to Product Lead, Funding, Liquidity & Payment Services. The Liquidity and Funding Product Owner translates business strategy into clear roadmaps, manages product backlogs, and ensures delivery of innovative solutions that enable global positioning and allocation of firm and client cash and collateral to support trading, underwriting, bank loans, and other financial instruments while maintaining regulatory compliance and operational excellence.

What will you do?

Vision and Strategy

• The Liquidity and Funding Product Owner articulates the vision for liquidity and funding management capabilities spanning cash positioning, collateral allocation, cash flow forecasting, account management, payment execution, and funding optimization.
• Work closely with stakeholders, customers, and leadership to understand market needs, competitive positioning, and strategic priorities.
• Translate business goals into a clear roadmap for liquidity and funding functionalities and communicate this vision consistently to development teams, so everyone understands what they're building and why. Anticipate operational risks and competitive landscape trends to develop best-in-class solutions.

Requirements, Backlog Management and Product Design

• Maintains the liquidity & funding product backlog-an ordered list of features, improvements, and fixes.
• Write user stories and acceptance criteria, ensuring requirements are clear and testable. Continuously refine and reprioritize the backlog based on business value, customer feedback, regulatory requirements, operational risk mitigation, and financial governance needs. This requires balancing short-term operational execution against long-term strategic transformation while considering intraday liquidity management, cash flow forecasting, and compliance with global liquidity management frameworks.
• Analyze metrics, user feedback, and usage data to inform prioritization and make evidence-based decisions. Track key performance indicators including liquidity adequacy, funding costs, settlement efficiency, manual processing touchpoints, and operational risk events. Validate hypotheses through releases and champion a culture of continuous improvement in liquidity management and operational effectiveness.
• Ensure products comply with relevant regulatory standards and support contributions to liquidity crisis management frameworks.
• Oversee onboarding of new products, counterparties, and clearing models without compromising controls

Technology Enablement & Transformation

• The Product Owner acts as the business owner for liquidity and funding platform initiatives, automation strategies, and technology migrations. Develop and execute technology automation strategies that result in scalable and digital infrastructure while maintaining appropriate management control and compliance environments.
• Partner with Technology to drive STP automation for payments, cash positions, account attestations, forecasting reports, and other key processes; reduce manual touchpoints and spreadsheet dependencies; and improve data quality, reliability, and real-time visibility.
• Lead the development of strategic initiatives to create efficiencies that lower cost of services through automation, new technology, resource optimization strategies, or process reengineering approaches.
• Coordinates with operations, finance, compliance, and support teams on feature launches and product rollouts.
• Determine release timing, provide training and support to operations and user teams, and ensure the organization is ready to support new functionality. Support integration of new business initiatives by developing better solutions and achieving a cross-enterprise mindset.

Governance, Controls & Stakeholder Management

• The Product Owner collaborates with Risk, Compliance, and Audit teams to integrate robust control frameworks into product design. Ensure products support diligent execution of operational risk controls, including documented procedures, process maps, and internal controls that lead to a robust operating environment.
• The Product Owner ensures product development aligns with the RBC Combined US Operations overall liquidity management framework, Standing Order policies, industry best practices, and regulations. Support attestation processes and sign-off requirements in accordance with global RBC attestation policy. Proactively lead the creation of clearly defined, robust, repeatable, and scalable solutions while driving automated STP (Straight-Through Processing) solutions to minimize risks of manual errors.
• The Liquidity and Funding Product Owner serves as the bridge between development teams and business stakeholders across engineering, operations, finance, corporate treasury, global risk management, compliance, and front office teams.
• Gather requirements from counterparties, financial institutions, clearing houses, vendors, and internal teams while managing competing interests. Advocate for decisions that serve the product, risk management, and business best and communicate progress, roadmap changes, and product decisions to stakeholders transparently. Cultivate strong external relationships with clients, counterparts, CCPs, and vendors to ensure products meet market needs
• The Product Owner works closely with Finance teams to ensure products enable financial planning, budgeting, and cost management while supporting liquidity and funding objectives. Ensure products provide transparency into cash flow forecasting, both short and long term, and enable optimization strategies for excess cash positioning.
• Support cost reduction opportunities through automation and process efficiencies that do not jeopardize risk and control infrastructure or diminish service levels.
• Ensure products provide reliable data for financial controls, P&L analysis, variance tracking, and resource planning.
• Negotiation and conflict resolution skills to manage competing priorities and build consensus among diverse stakeholders. Proven ability to lead cross-functional teams without direct authority. Must be a team player who works well with technical and non-technical resources across operations, risk, compliance, legal, liquidity, treasury, and front office. Ability to command credibility across Front Office, Risk, and regulators.

What you need to succeed?

• Bachelor's degree in business, finance, technology, or equivalent experience required. Strong knowledge of liquidity management, cash management, or banking operations preferred. Project Management Professional (PMP) certification a plus. Certified Scrum Product Owner (CSPO) certification a plus.
• 15+ years of working experience in financial operations, capital markets, or treasury management, with substantial focus on liquidity management, cash management, or funding operations. 12+ years of hands-on experience with liquidity operations, cash positioning, funding processes, or related financial management activities. 7+ years of hands-on agile development in a product owner role, including creating user stories and backlog refinement. 5-10 years of experience in product, platform, or transformation leadership. Prior experience working in a large, geographically dispersed, matrixed organization managing global teams and regulatory compliance across multiple jurisdictions.
• Understanding of software development processes, timelines, and technical constraints well enough to make informed trade-offs. Knowledge of Agile and Scrum methodologies, including how sprints, user stories, and backlogs function. Familiarity with product management frameworks like OKRs, user journey mapping, and competitive analysis. In-depth knowledge of liquidity and funding operations including cash positioning, collateral allocation, cash flow forecasting, account management, and funding optimization. Expertise in regulatory standards related to liquidity management, intraday liquidity, and cash flow forecasting. Familiarity with payment systems, settlement processes, clearing house operations, and banking infrastructure. Understanding of corporate standing orders, global liquidity management frameworks, and attestation policies. Ability to produce business process maps and operational workflows.
• Strong understanding of operational risk management, control frameworks, and financial governance. Proven ability to drive automation and STP solutions while maintaining control discipline. Ability to manage operational risk through diligent execution of robust control frameworks and ensure process controls lead to a robust operating environment. Strong organizational skills and ability to see tasks through to completion without significant guidance. Ability to work with relevant tools and systems in agile squad structures. Proactive ability to assess obstacles and identify opportunities to improve overall team performance.
• Strong organizational skills and ability to see tasks through to completion without significant guidance. Ability to work with JIRA in agile squad structure. A startup mindset-comfortable with quick pace, quick change, and ambiguities.
• Strong communication and presentation skills are essential. The ability to explain complex liquidity, funding, and cash management concepts clearly to both technical and non-technical audiences. Excellent analytical abilities to interpret operational and financial data, identify trends, and make evidence-based decisions. Strategic thinking to connect daily tasks to long-term business objectives while staying current on industry trends and competitive landscape dynamics.
• Preferred: Project Management Professional (PMP) Certified or Certified Scrum Product Owner (CSPO)

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.

• 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.

• Opportunities to do challenging work.

• Opportunities to build close relationships with clients.

The expected salary range for this position is $160,000 - $250,000 USD, depending on your experience, skills, and registration status, market conditions and business needs. You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

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

Job Skills

Additional Job Details

Employment Type:

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About Royal Bank of Canada

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Industry

Banking and credit intermediation

Company size

10,000+ Employees

Headquarters location

Toronto, Ontario, CA

Website

rbcroyalbank.com

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