# Managing Director, Foreign Exchange Operations

**Company**: Royal Bank of Canada
**Location**: New York, 200 VESEY STREET:NEW YORK
**Experience**: executive
**Job type**: full-time
**Salary**: $300,000 - $400,000
**Category**: Finance
**Industry**: Finance

**Apply**: https://rbc.wd3.myworkdayjobs.com/en-US/RBCGLOBAL1/job/BROOKFIELD-PLACE-FKA-3-WORLD-FINANCIAL-CENTER-200-VESEY-STREETNEW-YORK/Managing-Director--Head-of-FX-Operations---COO-Group_R-0000187898-3?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply
**Canonical**: https://yubhub.co/jobs/job_3de66992-8e8

## Description

Royal Bank of Canada is seeking an experienced Managing Director to lead our enterprise Foreign Exchange (FX) Operations function.

This is a strategic leadership role overseeing FX settlement, clearing, trading support, and operational infrastructure across all business lines and global centers.

You will drive operational excellence, manage enterprise-wide FX operations governance, and ensure world-class service delivery while maintaining the highest standards of regulatory compliance and operational risk management.

**Responsibilities**

- Develop and execute enterprise FX operations strategy and governance frameworks aligned with regulatory requirements and RBC Group standards; establish strategic priorities and drive continuous improvement initiatives

- Oversee FX settlement and clearing operations across all currency pairs and markets, including pre-settlement matching, SWIFT messaging, nostro account management, and clearinghouse interactions; ensure settlement integrity and minimize settlement risk

- Direct FX trading support services including order management, trade execution support, client confirmations, and settlement coordination; ensure timely and accurate trade processing

- Establish and maintain comprehensive operational and settlement risk controls, counterparty credit limits, and compliance procedures aligned with OSFI, FINTRAC, and international standards

- Manage and develop a high-performing team of FX operations professionals across global centers; foster a culture of operational excellence, risk awareness, and continuous improvement

- Oversee FX technology platforms, trading systems, settlement systems, and risk management infrastructure; identify and implement system enhancements to improve efficiency and resilience

- Establish incident management and business continuity procedures; ensure timely resolution of operational issues and regulatory compliance

- Collaborate with global markets trading teams, treasury, risk management, and external counterparties; serve as senior point of contact for FX operations matters with leadership and regulators

- Drive performance metrics and reporting on settlement success rates, operational efficiency, and risk indicators; provide regular updates to senior management on operations performance and strategic initiatives

**Requirements**

- Minimum 12 years of progressive experience in FX operations, trading support, or settlement operations, with at least 6 years in a senior leadership or management capacity at a tier-1 global financial institution

- Deep expertise in FX trading operations, settlement procedures, clearing processes, SWIFT standards, and nostro account management

- Proven track record building and leading high-performing operations teams in a complex, fast-paced trading environment

- Strong understanding of financial services regulations including OSFI guidance, FINTRAC requirements, and international FX market standards

- Demonstrated expertise in operational and settlement risk management, with ability to establish effective controls and governance frameworks

**Nice-to-have**

- Master's degree (MBA or equivalent)

- SWIFT certification, Certified Treasury Professional (CTP), or Certified Financial Risk Manager (FRM) designation

- Experience with post-trade infrastructure, market infrastructure provider standards, or emerging technologies in operations (blockchain, distributed ledger technology)

- Background with RBC or other tier-1 global banks in FX or treasury operations

**What's in it for you?**

- 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

## Skills

### Required
- Adaptability
- Critical Thinking
- Customer Service
- Detail-Oriented
- Financial Engineering
- Financial Statement Analysis
- Investments Analysis
- Personal Development
- Personal Initiative
- Teamwork

### Nice to have
- SWIFT certification
- Certified Treasury Professional (CTP)
- Certified Financial Risk Manager (FRM) designation
- Master's degree (MBA or equivalent)

---

Source: [Apply at rbc.wd3.myworkdayjobs.com](https://rbc.wd3.myworkdayjobs.com/en-US/RBCGLOBAL1/job/BROOKFIELD-PLACE-FKA-3-WORLD-FINANCIAL-CENTER-200-VESEY-STREETNEW-YORK/Managing-Director--Head-of-FX-Operations---COO-Group_R-0000187898-3?utm_source=yubhub.co&utm_medium=jobs_feed&utm_campaign=apply)