2027 CFO, Winter HQLA Portfolio Management Intern – Co-op (4 Months)

Job Description

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.

What will you do?

Key responsibilities include:

• 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

What do you need to succeed?

Must have:

• 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

Nice to have:

• 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

Please note: 

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

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. At RBC, you will have opportunities to:

• Interact with leaders who support your development through coaching and managing
• Network and 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

Job Skills

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

Our Employment Opportunities

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

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.