Associate Director, Financial Control & FRB/OCC Regulatory Reporting

Royal Bank of Canada • Jersey City, NJ

89d • $137,114

About The Position

As the Associate Director, Financial Control & FRB/OCC Regulatory Reporting at RBC Capital Markets, LLC in Jersey City, NJ, you will lead the Federal Reserve Bank Regulatory Reporting & Financial Control function for the capital markets and wealth management branches. Your role will ensure timely and accurate reporting while maintaining a robust control framework. You will support governance and control requirements and perform reconciliation and variance analysis related to various regulatory reports. Additionally, you will act as the point person for the annual audit of the IHC's consolidated financial statements and manage the month-end and quarter-end closing process, including the creation, documentation, and posting of journal entries to the general ledger. You will interface with external regulators and internal audit to facilitate their understanding of reporting processes, examine, analyze, and interpret accounting records to assist in financial statement preparation, and partner with various departments to improve overall processes, automation, and regulatory reporting work streams. Your responsibilities will also include presenting monthly, quarterly, and yearly analytical packages to senior management, managing the implementation of new business initiatives, and spearheading the implementation of new accounting standards or updates.

Requirements

• Bachelor's degree or foreign equivalent in Accounting, Finance, or a related field.
• 6 years of progressive post-baccalaureate work experience in an accounting environment.
• 2 years of experience in Federal Reserve Foreign Banking Organizations Enhanced Prudential Supervision.
• 2 years of experience in developing and managing relationships with federal regulators.
• 2 years of experience in Capital Markets, Wealth Management, and Retail Banking.
• 2 years of experience in reporting accurate and timely consolidated financial and statistical results to the Federal Reserve.
• 1 year of experience in utilizing regulatory reporting software systems.
• Active CPA certification.

Responsibilities

• Lead the Federal Reserve Bank Regulatory Reporting & Financial Control function.
• Ensure timely and accurate reporting while maintaining a robust control framework.
• Support governance and control requirements.
• Perform reconciliation and variance analysis related to various regulatory reports.
• Act as point person for the annual audit of the IHC's consolidated financial statements.
• Manage the month-end and quarter-end closing process.
• Create, document, and post journal entries to the general ledger.
• Interface with external regulators and internal audit.
• Examine, analyze, and interpret accounting records for financial statement preparation.
• Partner with various departments to improve processes and regulatory reporting work streams.
• Present analytical packages to senior management.
• Manage the implementation of new business initiatives.
• Spearhead the implementation of new accounting standards or updates.

Benefits

• 401(k) program with company-matching contributions.
• Health insurance.
• Dental insurance.
• Vision insurance.
• Life insurance.
• Disability insurance.
• Paid time-off plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Education Level: Bachelor's degree