Managing Director, Head of FX Operations

About the role

Royal Bank of Canada is seeking an experienced Managing Director to lead its enterprise Foreign Exchange (FX) Operations function within the COO Group. The role oversees FX settlement, clearing, trading support and operational infrastructure across all business lines and global centers, driving operational excellence, governance and regulatory compliance.

Key responsibilities

• Develop and execute enterprise FX operations strategy and governance frameworks aligned with regulatory requirements and RBC Group standards
• Oversee FX settlement and clearing, including pre-settlement matching, SWIFT messaging, nostro accounts and clearinghouse interactions
• Direct FX trading support such as order management, trade execution support, client confirmations and settlement coordination
• Establish operational and settlement risk controls, counterparty credit limits and compliance procedures aligned with OSFI, FINTRAC and international standards
• Build and lead a team of FX operations professionals across global centers
• Oversee FX technology platforms, trading and settlement systems and risk management infrastructure
• Set up incident management and business continuity procedures
• Collaborate with global markets trading teams, treasury, risk management and external counterparties, acting as senior point of contact with leadership and regulators
• Drive performance metrics and reporting on settlement success rates, operational efficiency and risk indicators

Required profile

• 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, clearing, SWIFT standards and nostro account management
• Track record building and leading operations teams in a complex, fast-paced trading environment
• Understanding of OSFI guidance, FINTRAC requirements and international FX market standards
• Nice to have: Master's degree (MBA or equivalent); SWIFT certification, CTP or FRM; experience with post-trade infrastructure or emerging technologies; background with RBC or other tier-1 banks in FX or treasury

Required skills

• FX trading operations, settlement and clearing
• SWIFT messaging and nostro account management
• Operational and settlement risk management

What we offer

• Total Rewards Program including bonuses and flexible benefits
• Competitive compensation
• Coaching and development opportunities
• Flexible work/life balance options