Associate, U.S. Regulatory Reporting

RBC•Jersey City, NJ

4d•$85,000 - $145,000•Onsite

About The Position

RBC U.S. Finance team is seeking an Associate Director to join the regulatory reporting and strategy function for the U.S. Intermediate Holding Company (IHC) and U.S. Branches. This role is responsible for the preparation, review, and timely submission of regulatory reports, as well as driving the optimization and automation of regulatory reporting processes and platforms. The Associate Director will oversee workflow production, controls execution, and play an integral part in ensuring RBC maintains a highly-rated U.S. regulatory reporting program, meeting all applicable FRB, OCC, FDIC, and FFIEC requirements.

Requirements

Strong knowledge of and experience in U.S. regulatory reporting coupled with experience in regulatory project delivery within the financial services industry.
Hands-on experience with AxiomSL or similar reporting platform 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.
Strong leadership and people management skills with the ability to mentor and develop a high-performing team.

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.
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

Lead 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 2004, FR Y-14M, FR Y-14Q, FR Y-6, FR Y-7 and FR Y-10), ensuring operational effectiveness in compliance with regulatory reporting controls and governance.
Drive report automation, enhancements, process optimization, and ongoing management of the regulatory reporting platform and processes to improve accuracy and efficiency.
Develop and maintain a strong internal controls environment over the regulatory reporting process to ensure adherence to regulatory standards and best practices.
Drive internal assessment of the impact of changes in the broader regulatory environment and requirements on RBC’s reporting obligations.
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.
Build, mentor, and manage a high-performing team of regulatory reporting professionals, fostering a culture of accountability, continuous improvement, and technical excellence.