Associate Director, Regulatory Reporting - Jersey City, United States - Royal Bank of Canada

Description

Come Work with Us

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Associate Director, Regulatory Reporting (TIC and BEA)

Job Description

PRINCIPAL RESPONSIBILITIES

• Interpretation of reporting requirements across the US region impacting all entities subject to file these reports
• Conduct report scope analysis based on reporting requirements, assess inventory of reports required to be filed in addition to performing periodic reassessments
• Monitor on-going changes in regulatory reporting requirements and ensure the timely implementation of the changes
• Perform risk and control assessments in addition to remediation of identified operational risks, reporting issues and gaps in reporting requirements
• Conduct account mapping reviews and update legacy mapping tables in exiting TIC reports
• Work with Financial Control, US Data Strategy, Operations, Finance IT to resolve data gap and data quality issues related to newly expanded TIC SLT forms and all applicable filings, including evaluation of legacy coding to data sourcing and enrichment required for impacted reports (i.e., TIC SLT, SHCA and SHLA)
• Participate in monthly/quarterly/annual report production of TIC, BEA, and Census Bureau Reports:

Act as the first layer reviewer in the report production process Respond to report questions from the regulators Review and update procedure documents and control documents across the inventory of reports

• Drive awareness level of legal entity controllers to regulatory developments and guidance impacting regulatory reports and processes
• Partner closely with the US Data Strategy, Technology, Finance, Risk & Control, Operations, and Product Control teams to understand, improve and automate the reporting processes

JOB SPECIFICATIONSAND QUALIFICATIONS

Basic Qualifications (Legislative Requirement)

• Degree in Accounting/Finance/Economics
• SME knowledge and experience in TIC and BEA reporting
• Familiar with data and IT functions to direct automation and strategic development for the inventory of reports
• Broad comprehension of Capital Markets and Financial Services Industry
• Strong Microsoft software Office skills (Excel, Word, PowerPoint)
• Ability to work in a fast-paced team environment
• Excellent written and oral communication skills
• Independent and critical thinker with desire to drive results

Suggested Qualifications:

• A minimum of 10 years of work experience with large financial firms
• 5+ years of work experience in TIC reporting

AUTHORITIES, IMPACT, RISK

• Impact is wide reaching across all RBC's US operations, in the reporting of accurate and timely results to the U.S. Treasury (via FRB), the Bureau of Economic Analysis, and the U.S. Census Bureau

KEY RELATIONSHIPS

• Finance Contacts – Legal Entity Controllers & Product Control
• Support Functions (Operations, IT, Legal, Corporate Treasury)
• Capital Adequacy/CCAR Teams

WORKING CONDITIONS

• Monthly/Quarterly/Annual production periods requiring hours to vary by workload demands
• Stress levels commensurate with time sensitive deliverables

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
• Opportunities to do challenging work
• Opportunities to building close relationships with clients

The good-faith expected salary range for the above position is $120,000 - $190,000 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 Summary

A newly created role to support the Treasury International Capital (TIC) and Bureau of Economics (BEA), etc. reporting activities

Address:

Jersey City, New Jersey, United States of America

City:

USA-NJ-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:

:00

Application Deadline:

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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