Director, US Mutual Fund Operations

Job DescriptionWhat is the opportunity? As the Director for US Mutual Fund Operations, you will be responsible for the financial reporting controls and oversight for the collective investment vehicles (e.g., mutual funds, closed-end funds, private investment funds) for which RBC Global Asset Management (U.S.) Inc. (“RBC GAM-US”) serves as investment adviser. As an officer (Treasurer and Chief Financial Officer) of RBC Funds (U.S. open-end and closed-end mutual funds) by the Funds’ Board of Trustees and as such, you will regularly meet with and provide required reporting to the Board. Additionally, you will be directly responsible for operational functions and controls, including oversight of the Funds’ third-party service providers (e.g., transfer agent, custodians and fund accounting agents and administrators) for the collective investment vehicles for which RBC GAM-US serves as investment adviser.What will you do?Oversee and maintain effective controls over all aspects of fund accounting and administration, financial reporting, transfer agency and custodial operations for the RBC Funds (U.S. ’40 Act mutual funds) and private investment funds advised/sponsored by RBC GAM-USServe as primary RBC Funds management contact for the Funds’ external auditors and the Audit Committee of the RBC Funds Board of TrusteesReview and approve annual and semi-annual fund financial statements and shareholder reportsReview and sign all RBC Funds federal income, state income and federal excise tax returns. Maintain certain tax calculations/schedules (e.g., deemed dividends, PFICs, etc.) used in the preparation of tax returnsManage all fund expense budgets; review and authorize expense paymentsProvide management reporting regarding RBC GAM-US revenues generated by the Funds, as well as revenue/expense forecasting for use in firm and product profitability projections and product management decisionsManage the annual insurance renewal process for the RBC FundsManage annual renewal of funds’ line of credit facilities with custodians. Request and/or approve borrowing under such facilitiesOversee and manage relationships with third-party entities providing accounting, administrative, shareholder servicing, custodial and distribution services to the mutual funds and private investment funds. Conduct regular onsite due diligence and participate in periodic calls with firms’ relationship management teamsResponsible for policies, procedures and controls related to fund net asset value calculations and the pricing/valuation of portfolio securities held by the funds. Lead the Funds’ Pricing Committee and provide all related reporting to the RBC Funds’ Board of TrusteesAs Treasurer and CFO of the RBC Funds, provide regular and ad-hoc reporting to the RBC Funds Board of Trustees, including but not limited to all fund accounting and financial matters; fund audits; security pricing and valuation; voting of proxy ballots received for securities held by the Funds; fund insurance; payments to financial intermediaries under Rule 12b-1 plan and shareholder servicing plans; and other fund operational mattersOversee the preparation of and approve various monthly, quarterly and annual regulatory filings for the RBC Funds, including Forms N-CSR, N-PORT, N-CEN, N-MFP, 24f-2, 40-17G and N-PXManage and oversee custodial relationships and processes for mutual and private fundsComplete and execute required documentation to open global custodial and trading accounts for all funds. Update as needed for changes in fund names, structures, etc. and to renew foreign investor registrations as applicableProvide all required documentation for tax treaty and tax reclaim purposes to ensure funds receive beneficial tax withholding treatmentManage and oversee all fund operational aspects of fund and ETF related projects and initiatives (e.g., new product launches, liquidations, service provider changes, operational improvements and enhancements)Review and provide comments/edits for assigned sections of draft fund registration statements and supplementsWhat do you need to succeed?Must-haveBachelor’s degree in finance, accounting, business or related fieldSignificant experience in the asset management and mutual funds industryWorking knowledge of fixed income and equity securitiesExperience dealing with mutual fund operational matters, including transfer agency and custodial functionsProficiency working with technology and AI to improve processes and productivityExcellent communication and presentation skillsEffective interpersonal and people management skillsBroad knowledge of business principles and thorough understanding of compliance and legal mattersHigh level of drive and initiative mixed with ability to deal with multiple stakeholdersAstute financial management skills and ability to respond in a rapidly changing operating environmentAn understanding of the sense of urgency associated with the management and operation of registered investment companiesStrong ability to interact with all levels of staff across departments and functions. Must be able to maintain relationships that will relate to the overall success of the established firm goalsStrong time management and organizational skills with the ability to handle multiple projects on an ongoing basis in a fast paced and ever-changing work environmentNice-to-havePrevious experience interacting with auditors and regulatorsPrevious experience interacting with senior management and boards of directors/trusteesOperations experience with ETFsWhat’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 particular position is $140,000-$230,000, 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 cultureEnables collective achievement of our strategic goalsGenerates sustainable shareholder returns and above market shareholder valueJob SkillsAccounting, Asset Management, External Stakeholder Management, Finance, Financial Reports, Funds Administration, Funds Management, Investment Funds, Investment Management, Process Enhancement, Public Accounting, Stakeholder Management, TaxesAdditional Job DetailsAddress:250 NICOLLET MALL:MINNEAPOLISCity:MinneapolisCountry:United States of AmericaWork hours/week:40Employment Type:Full timePlatform:WEALTH MANAGEMENTJob Type:RegularPay Type:SalariedPosted Date:2026-08-11Application Deadline:Note:Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveOur Employment OpportunitiesAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.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.Job SummaryJob number: R-0000183748Date posted : 2026-09-03Profession: OperationsEmployment type: Full time