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

Royal Bank of Canada

Verified Company

Jersey City, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Job Summary

Prepare and file various Broker-Dealer Regulatory Reports and assist with projects and process improvement initiatives for RBC Capital Markets, LLC.
Ensure compliance with SEC, FINRA, CFTC, etc., Regulatory Reporting Requirements.

What will you do?

Assist in all aspects of preparing the FOCUS and Supplemental Reports, i.e., SSOI, OBS, SIS, SLS, Form Custody & Schedule
Responsible for Net Capital Calculations under SEC Rule 15c31 for both broker dealers including but not limited to haircuts on securities and operational charges (Fails, Stock Borrows and Loans, Repo's, Moment to Moment, Underwriting, etc.) as well as reconciliations to the Balance Sheet.
Assist in the preparation of the weekly and month end 15c33 Customer and PAB Reserve calculations.
Own the preparation of the month end variance analysis package presented to Senior Management.
Involvement in Regulatory exams and audits. Provide support and documentation when required.
Develop detailed policies and procedures which the broker dealer utilizes to comply with Regulatory Reporting requirements.
Proactively identify areas for improvement and automation to reduce operational risks and enhance the control environment.
Lead contact for internal and external audit remediation points.
Assist in the preparation and filing of weekly and monthly FR2004 series reports.
Assist in the preparation of various FRB Reporting (Ad-Hoc)
Assist in automation using Python, SQL, Macro VBA

What do you need to succeed?

Bachelor's degree or work equivalent.
Strong knowledge of Brokerdealer Regulatory Reporting (Rules 15c31 and or 15c33).
Excellent PC skills, including proficiency in Excel and strong knowledge of Regulatory Applications (i

e DASH:
Fixed Income Haircuts and Risk Based Haircuts).

Familiarity with stock record and corresponding security allocations as they relate to the 15c33 reserve formula.
Python, SQL, Macro VBA
Degree in accounting, financing, or management information systems
Ability to identify areas for improvement and lead efforts to implement change.
Strong oral and written communication skills.
Excellent organizational skills needed to manage multiple and competing priorities.

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 highperforming team
Opportunities to do challenging work
Opportunities to build close relationships with clients

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 Analysis and Reporting, Industry Knowledge, Internal Controls, Knowledge Organization, Structured Query Language (SQL), VBA Macro

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:

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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