CFO, Winter HQLA Portfolio Management Intern – Co-op

What is the opportunity?

RBC's Corporate Treasury Liquid Asset Portfolio team manages one of the largest High-Quality Liquid Asset (HQLA) portfolios in Canada: ~$90Bn in retail liquidity assets spanning investment-grade fixed income. Based in Toronto, this is a market-facing opportunity to work directly alongside experienced Portfolio Managers, gaining hands‑on exposure to active fixed income portfolio management, rates strategy, and institutional asset allocation. We look for intellectually curious candidates with a track record of academic achievement, a genuine passion for capital markets, and the initiative to contribute beyond their assigned responsibilities.

• Assisting Portfolio Managers on the day-to-day management of the fixed income portfolio, contributing to investment decisions and positioning discussions.
• Preparing market commentaries covering rates, spreads and macro themes focused on HQLA – developing and articulating your own views on market dynamics.
• Monitoring current market trends across rates, credit spreads, and macro factors and translating findings into actionable investment insights.
• Building and maintaining strategy meeting decks used in senior stakeholder presentations, requiring strong judgment on structure, narrative, and data visualization.
• Supporting portfolio performance reporting and benchmarking.
• Assisting with end‑of‑day processing, reconciliations, and limit monitoring to develop a full understanding of portfolio operations.
• Collaborating with Risk, Product Control, and Accounting teams on limit management, hedge accounting structures, and financial controls.

• Successful completion of at least second year of an undergraduate degree, with a preference for Finance, Accounting, Economics, Computer Science, Statistics, Engineering.
• Genuine intellectual curiosity about capital markets and a demonstrated interest in fixed income and rates.
• Strong analytical skills with proficiency in Excel; ability to think critically about data and translate it into a clear point of view.
• Excellent written and verbal communication skills — this role requires producing polished, audience‑ready content for senior stakeholders.
• High attention to detail and the ability to manage multiple priorities in a fast‑paced environment.
• Motivated to take initiative and self‑direct learning beyond assigned tasks.

• CFA enrolment or completion of CSC/CPH is a strong asset.
• Computer programming skills:
  Python (including libraries for data analysis), SQL (database management).
• Understanding of fixed income markets, interest rate dynamics, duration, spread analysis, and HQLA regulatory frameworks (LCR, NSFR).
• Familiarity with Bloomberg terminal.
• Prior exposure to IFRS/US GAAP, hedge accounting, or Volcker/Reg W compliance.
• Prior related work experience in capital markets, portfolio management, or financial analysis.

In order to be eligible for these student positions, you must either: be returning back to school after the work term end‑date; or, if you are not returning back to school (i.e. are graduating immediately after the work term), you must require the full work term as a mandatory component in order to graduate successfully.

• Interact with leaders who support your development through coaching and mentoring.
• Build lasting relationships with students from diverse backgrounds from across Canada.
• Make a difference and lasting impact through meaningful work.
• Work in a dynamic, collaborative, progressive, and high‑performing team.

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: Student/Coop (Fixed Term)

Pay Type:

Salaried

Posted Date:

Final date to receive applications:

Note:

Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date above.

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We…