RBC
Associate, FRB Regulatory Reporting & Strategy
RBC, Jersey City, New Jersey, United States, 07390
Job Description
RBC U.S. Finance team is seeking an Associate to join the regulatory reporting and strategy function for the U.S. Intermediate Holding Company (IHC) and U.S. Branches, responsible for the preparation, review and timely submission of regulatory reports, as well as driving optimization and automation of regulatory reporting processes and platforms. In this role, you will be responsible for workflow production, controls execution and an integral part of ensuring that RBC maintains a highly rated U.S. regulatory reporting program including meeting all applicable FRB, OCC, FDIC and FFIEC requirements.
What will you do?
Assist in the end-to-end process for regulatory report preparation, review and timely submission of FRB and OCC regulatory reports and filings (including but not limited to the FR Y-9C, FFIEC 002, FR Y-15, FFIEC 009, FFIEC 019, FR 2644, FR Y-11, FR Y-12, FR Y-9LP, and FR 2314) with responsibility for ensuring operational effectiveness in compliance with the regulatory reporting controls and governance environment
Drive report automation, enhancements, process optimization and ongoing management of the regulatory reporting platform and processes to improve accuracy and efficiency
Drive internal assessment of the impact of changes in the broader regulatory environment and requirements to RBC’s reporting obligations
Support the development and maintenance of a strong internal controls environment over the regulatory reporting process to ensure adherence to regulatory standards and best practices
Partner with various internal stakeholders (i.e. Legal, Compliance, Line of Business units, Audit, Controllers, Operations) to execute change initiatives
Identify potential risk areas through review of regulatory reporting policies, procedures and controls and drive potential corrective actions to ensure compliance with regulatory standards
What do you need to succeed? Must have:
Experience in U.S. regulatory reporting and regulatory project delivery within the financial services industry
Hands‑on experience with AxiomSL or similar reporting platform including data integration, automation and optimization of reporting processes
Effective communication skills, both verbal and written, with the ability to present complex information to senior management and regulators
Excellent analytical and problem‑solving skills with a strong attention to detail and accuracy
Nice‑to‑have:
Bachelor’s degree (Accounting or Finance preferred) and/or CPA or advanced degree
Strong knowledge of financial products and reporting standards applicable to a U.S. financial services industry
Working knowledge of balance sheet and income statement inputs
Strategic thinker with ability to lead and influence in an evolving environment and work across functions/businesses
Proficiency in data management and analytics tools (SQL, Python, Tableau etc.) and strong Microsoft Office (PowerPoint, Excel) skills
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.
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
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
A world‑class training program in financial services
Flexible work/life balance options
Opportunities to do challenging work
The good‑faith expected salary range for the above position is $80,000-$135,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company‑matching contributions; health, dental, vision, life and disability insurance; and paid time‑off plan.
RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and play a critical role in attracting, engaging and retaining talent that:
Drives RBC’s high performance culture
Enables collective achievement of our strategic goals
Generates sustainable shareholder returns and above market shareholder value
At 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 Community. Stay 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.
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What will you do?
Assist in the end-to-end process for regulatory report preparation, review and timely submission of FRB and OCC regulatory reports and filings (including but not limited to the FR Y-9C, FFIEC 002, FR Y-15, FFIEC 009, FFIEC 019, FR 2644, FR Y-11, FR Y-12, FR Y-9LP, and FR 2314) with responsibility for ensuring operational effectiveness in compliance with the regulatory reporting controls and governance environment
Drive report automation, enhancements, process optimization and ongoing management of the regulatory reporting platform and processes to improve accuracy and efficiency
Drive internal assessment of the impact of changes in the broader regulatory environment and requirements to RBC’s reporting obligations
Support the development and maintenance of a strong internal controls environment over the regulatory reporting process to ensure adherence to regulatory standards and best practices
Partner with various internal stakeholders (i.e. Legal, Compliance, Line of Business units, Audit, Controllers, Operations) to execute change initiatives
Identify potential risk areas through review of regulatory reporting policies, procedures and controls and drive potential corrective actions to ensure compliance with regulatory standards
What do you need to succeed? Must have:
Experience in U.S. regulatory reporting and regulatory project delivery within the financial services industry
Hands‑on experience with AxiomSL or similar reporting platform including data integration, automation and optimization of reporting processes
Effective communication skills, both verbal and written, with the ability to present complex information to senior management and regulators
Excellent analytical and problem‑solving skills with a strong attention to detail and accuracy
Nice‑to‑have:
Bachelor’s degree (Accounting or Finance preferred) and/or CPA or advanced degree
Strong knowledge of financial products and reporting standards applicable to a U.S. financial services industry
Working knowledge of balance sheet and income statement inputs
Strategic thinker with ability to lead and influence in an evolving environment and work across functions/businesses
Proficiency in data management and analytics tools (SQL, Python, Tableau etc.) and strong Microsoft Office (PowerPoint, Excel) skills
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.
A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
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
A world‑class training program in financial services
Flexible work/life balance options
Opportunities to do challenging work
The good‑faith expected salary range for the above position is $80,000-$135,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company‑matching contributions; health, dental, vision, life and disability insurance; and paid time‑off plan.
RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and play a critical role in attracting, engaging and retaining talent that:
Drives RBC’s high performance culture
Enables collective achievement of our strategic goals
Generates sustainable shareholder returns and above market shareholder value
At 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 Community. Stay 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.
#J-18808-Ljbffr