Job Summary

Supports the Audit, Legal and Corporate Affairs organizations regarding documentation related to all business issues and regulatory matters. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.

Job Description

What is the Opportunity?

Assist with leading the Regulatory Reporting function for the RBC Intermediate Holding Company including production and regulatory reporting automation initiatives. Role includes but is not limited to the documentation of key processes, procedures, governance, and controls related to the preparation of core Federal Reserve report filings. Also ensuring compliance of FRB reporting instructions across the RBC enterprise reporting platform. Collaborate with Legal Entity Controllers (LECs) on regulatory reporting impact assessments due to new business product offerings and changes to US GAAP & IFRS accounting principles. Perform assessment of control procedures against documented standards.

What will you do?

Preparation, analytical review, and reconciliation of core financial data for various FRB reports including but not limited to the FR Y-9C, FFIEC 009, FR Y-14, FR Y-15, TICs, FR Y-7Q, FR Y-11, FR 2314, and Treasury reports, etc.Prepare and submit core financial data to various functions with the Firm for model input.Review / maintain documentation of procedures and governance for the reports.Ensure required controls are performed according to documented procedures and control documents.Partner with LECs on month-end close processes for core FRB reporting entities to understand emerging accounting issues/adjustments and their impact to regulatory reporting processes.Drive awareness level of LECs to regulatory developments and guidance impacting regulatory reports and processes.Assist in automation activities, user acceptance testing, process improvements and the development of new business requirements and ensure each conforms to the existing control environment.Monitor and implement on-going changes in regulatory reporting requirements.Act as resource for automation activities, process improvements and assist in development of business requirements.Assist with manual data collection efforts and the development of controls to ensure completeness and accuracy across all federal reserve regulatory reports.Partner closely with the Technology, Risk & Control, Operations, Capital Adequacy, U.S. Data Strategy Office (USDS) and Product Control teams to understand, improve and automate the reporting processes.Prepare ad-hoc analysis substantiating existing reporting as requested by regulatory, audit and management inquiries.Interface with exam teams (both internal and external) and facilitate their understanding of reporting including supporting processes.Assist with internal audit and second line control and transaction reviews.Oversee manual data sourcing, identify or raise automation initiatives and report progress to management.Work with regulatory team leaders to research and document key rule interpretation decisions.Perform balance sheet and income statement analysis across USGAAP views.Provide required support for the implementation of new accounting standards or updates impacting regulatory filings.

What do you need to succeed?

Minimum 3 - 5 years of experience in the financial services industryDegree in Accounting/Finance/EconomicsFinancial statement preparation experienceKnowledge of US GAAPBroad comprehension of Capital Markets and Financial Services Industry functions and productsExperience using Axiom or similar regulatory reporting toolsStrong Microsoft software Office skills (Excel, Word, PowerPoint)Broad understanding of Federal Reserve Regulatory Reporting Requirements is preferredAbility to work in a fast-paced team environmentExcellent written and oral communication skillsIndependent and critical thinker with desire to drive results

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 applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workOpportunities to building close relationships with clients

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 plays 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

Job Skills

Audits Compliance, Critical Thinking, Detail-Oriented, Financial Reporting and Analysis, Industry Knowledge, Internal Controls, Knowledge Organization

Additional Job Details

Address:

GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITY

City:

Jersey City

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-02-04

Application Deadline:

2025-03-14

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

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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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.