Associate Director, U.S. Financial Resource Optimization

Royal Bank of Canada • New York, NY

5d • $120,000 - $200,000

About The Position

This role is a supporting role responsible for financial analysis related to financial resource optimization and strategic projects for US Region (covers all RBC businesses in US). The role is a key advisor to Head of U.S FPM and US CFO. Responsible for developing analytics and thought leadership on optimization of capital and funding in the US, which requires understanding of linkages between attributed capital for the business segments, legal entity capital base, Asset Liability Management, Funds Transfer Pricing, etc. Responsible for supporting US ALCO and US Platform strategic projects. Advise and support functional and business leadership on US region financial resources strategy and develop solutions to remediate local constraints.

Requirements

• Bachelor’s degree in business (Finance, Accounting, Economics, Marketing), Data Science, Statistics, or other similar majors preferred.
• 5+ years relevant experience, preferably in executive management reporting.

Nice To Haves

• Experience with Funds Transfer Pricing and/or Financial Resource Optimization a plus.

Responsibilities

• Support the US Asset Liability Committee (ALCO) of RBC US to facilitate result-driven discussions, partnering with various business heads and functional leads.
• Develop and manage analytics on funding optimization with the objective of reducing reliance on wholesale funding and increasing deposit funded loans, across various US business platforms and booking locations.
• Develop and manage analytics on IHC and subsidiary legal entity capital with the objective of optimizing capital base in the US.
• Analysis on key metrics such as legal entity ROEs, management view NIAT impacts and linkages with attributed capital-based returns, etc.
• Partner with various stakeholders such as Corp Treasury and business segments, in developing a consistent framework for Funds Transfer Pricing (FTP) reporting and analytics across CUSO (Combined US Operations).
• Support U.S. CEO and U.S CFO with execution of RBC’s U.S. strategy, especially with respect to capital and funding impacts of various business growth initiatives.
• Produce RIHC Board Committee reporting and analysis – on funding and capital for US region for the quarterly U.S. CFO Report to IHC Board Audit Committee and any other follow-up items requested by the Board and its committees.
• Provide support to US CFO/senior management on strategic analysis/themes related to US Region to facilitate decision making based on regional regulatory/legal entity considerations.
• Partner with the businesses as a trusted advisor to support growth and strategic initiatives and provide US region expertise including understanding of local regulatory rules and constraints impacting their business.
• Support integration of finance, business advisory/business manager functions, which will drive process and resource optimization and develop platform for regional business engagement and develop finance strategy.
• Continue to enhance FPM linkages with Head Office functions (Finance, Treasury and Risk) – linking regional metrics with enterprise, and function as an SME on head office performance metrics calculations such as RWA, Capital allocation, ROE, etc.

Benefits

• 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

What This Job Offers

• Job Type: Full-time
• Career Level: Director