Associate, U.S. Regulatory Reporting and Controls Management

Royal Bank of Canada•Jersey City, NJ

1d•Onsite

About The Position

RBC U.S. Finance team is seeking an Associate to join the U.S. Regulatory Reporting and Controls Management function for the U.S. Intermediate Holding Company (IHC) and U.S. Branches. This role is responsible for the review of regulatory reports, as well as driving optimization and automation of regulatory reporting processes. In this role, you will be responsible for workflow production, controls review, testing and play an integral part in ensuring that RBC maintains a highly rated U.S. regulatory reporting program, including meeting all applicable FRB, OCC, FDIC and FFIEC requirements.

Requirements

Experience in U.S. regulatory reporting and regulatory project delivery within the financial services industry.
Hands-on experience with Axiom or similar reporting platforms including data integration, automation and optimization of reporting processes.
Effective communication skills, both verbal and written, with the ability to present complex information to senior management and regulators.
Excellent analytical and problem-solving skills with a strong attention to detail and accuracy.

Nice To Haves

Bachelor’s degree (Accounting or Finance preferred) and/or CPA or advanced degree.
Strong knowledge of financial products and reporting standards applicable to a U.S. financial services industry.
Assess the accuracy, completeness, and proper classification of reported data in conformance with regulatory reporting requirements, applying testing techniques and methods in accordance with approved approaches.
Working knowledge of balance sheet and income statement inputs.
Strategic thinker with ability to lead and influence in an evolving environment and work across functions/businesses.
Proficiency in data management and analytics tools (SQL, Python, Tableau etc.) and strong Microsoft Office (PowerPoint, Excel) skills.

Responsibilities

Assist in the end-to-end process for regulatory report preparation, review and timely submission of FRB and OCC regulatory reports and filings (including but not limited to the FR Y-9C, FFIEC 002, FR Y-15, FFIEC 009, FFIEC 019, FR 2644, FR Y-11, FR Y-12, FR Y-9LP, and FR 2314, FR 2004, TIC Series, FR Y-14Q/M) with responsibility for ensuring operational effectiveness in compliance with the regulatory reporting controls and governance environment.
Assess the accuracy, completeness, and proper classification of reported data in conformance with regulatory reporting requirements, and ability to apply testing techniques and methods in accordance with approved approaches.
Drive automation, enhancements, process optimization and ongoing management of the regulatory reporting platform and processes to improve accuracy and efficiency.
Drive internal assessment of the impact of changes in the broader regulatory environment and requirements to RBC’s reporting obligations.
Support the development and maintenance of a strong internal controls environment over the regulatory reporting process to ensure adherence to regulatory standards and best practices.
Partner with various internal stakeholders (i.e. Legal, Compliance, Line of Business units, Audit, Controllers, Operations) to execute change initiatives.
Identify potential risk areas through review of regulatory reporting policies, procedures and controls and drive potential corrective actions to ensure compliance with regulatory standards.