Structure Regulatory Reporting Associate Director

What is the Opportunity?

The Finance Department's Federal Reserve Bank (FRB) Regulatory Reporting Team is seeking an Associate Director to assist in the production of the required structure regulatory reports submitted to the FRB, and other regulators.

The job's main responsibility is to manage all regulatory requirements for structure regulatory reports (FR Y-10, FR Y-6, FR Y-7, FR Y-12A, etc.) and to ensure complete, accurate, consistent and timely submission of these reports to FRB. The position requires an understanding of legal entity structures, including the creation of new legal entities and legal entity structure change events, and the various regulatory reporting requirements related to these events for the structure reports applicable to RBC.

What will you do?

• Drive enhancement of the current production process and control framework for the structure regulatory reports
• Lead the end-to-end process for report preparation, ensuring accuracy and timely submission of the structure regulatory reports including but not limited to the following:
  • FR Y-10 Report - Report of Changes in Organizational Structure
  • FR Y-6 Report - Annual Report of Holding Companies
  • FR Y-7 Report - Annual Report of Foreign Banking Organizations
  • FR Y-7Q Report - Capital and Asset Report for Foreign Banking Organizations
  • FR Y-12A Report - Annual Report of Merchant Banking Investments Held for an Extended Period
• Partner with various internal stakeholders i.e. Legal, Compliance, Line of Business units, Audit, Financial Controllers, Operations, Subsidiary Governance) for timely and accurate submission of events.
• Implement and oversee controls to ensure data integrity and compliance.
• Identify, escalate and remediate data quality issues.
• Identify automation opportunities and drive change efforts.
• Perform research on changes on new regulatory reporting requirements and its impact to RBC's structure regulatory reporting.
• Participate in internal and external audits of the structure regulatory reports.

What do you need to succeed?

Must have :

• Bachelor's degree (preferred Accounting, Finance or Law); CPA or advanced degree preferred
• Minimum of 5 - 7 years of experience in Regulatory Reporting or Bank Law group.
• In-depth knowledge of FR Y-6, FR Y-10, FR Y-7, FR Y-7Q and FR Y-12A reporting requirements
• Strong regulatory & financial reporting knowledge prevalent in banking/financial institutions
• Knowledge of U.S. GAAP including recent pronouncements
• Strong attention to detail and accuracy
• Excellent verbal, written, and interpersonal communication skills
• Ability to work effectively in a complex environment with a high degree of collaboration

Nice to have :

• Familiarity with legal entity structure reporting to the FRB
• Knowledge of Foreign Banking Organization (FBO) requirements
• Proficiency in Microsoft Excel, SQL, Python, Tableau or other analytics tool; experience with regulatory software is a plus

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 high-performing team
• Opportunities to do challenging work
• Opportunities to building close relationships with clients

The good-faith expected salary range for the above position is $110,000 - $190,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs.This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

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

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.