Associate Director, Financial Control & FRB/OCC Regulatory Reporting
RBC, Jersey City, NJ, United States
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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose. Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity. Associate Director, Financial Control & FRB/OCC Regulatory Reporting
Lead the Federal Reserve Bank Regulatory Reporting & Financial Control function for the capital markets and wealth management branches, ensuring timely and accurate reporting while maintaining a robust control framework. Support governance and control requirements and 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, including the creation, documentation and posting of journal entries to the general ledger. 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. Partner with the Legal Entity Control, Finance IT, Risk Control, USDS, Legal, SGO and Product Control to improve the overall processes, automation and regulatory reporting work streams. Present monthly, quarterly and yearly analytical packages to senior management. Manage the implementation of new business initiatives including development of process efficiencies and improvement efforts as well as the US data quality improvement projects. Spearhead the implementation of new accounting standards or updates and represent Financial Control and Regulatory Reporting in all project meetings. Full time employment, Monday Friday, 40 hours per week. MINIMUM REQUIREMENTS: Bachelor's degree or foreign equivalent in Accounting, Finance, or a related field and 6 years of progressive post-baccalaureate work experience. Must have 6 years of experience in an accounting environment. Must have 2 years of experience in: Federal Reserve Foreign Banking Organizations Enhanced Prudential Supervision; Developing and managing relationships, alongside with audit experience, with federal regulators; Capital Markets, Wealth Management and Retail Banking; and Reporting of accurate and timely consolidated financial and statistical results to the Federal Reserve. Must have 1 year of experience in utilizing regulatory reporting software systems. Must have active CPA certification The base salary for this job is $137,114 per year. This salary 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
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose. Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity. Associate Director, Financial Control & FRB/OCC Regulatory Reporting
Lead the Federal Reserve Bank Regulatory Reporting & Financial Control function for the capital markets and wealth management branches, ensuring timely and accurate reporting while maintaining a robust control framework. Support governance and control requirements and 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, including the creation, documentation and posting of journal entries to the general ledger. 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. Partner with the Legal Entity Control, Finance IT, Risk Control, USDS, Legal, SGO and Product Control to improve the overall processes, automation and regulatory reporting work streams. Present monthly, quarterly and yearly analytical packages to senior management. Manage the implementation of new business initiatives including development of process efficiencies and improvement efforts as well as the US data quality improvement projects. Spearhead the implementation of new accounting standards or updates and represent Financial Control and Regulatory Reporting in all project meetings. Full time employment, Monday Friday, 40 hours per week. MINIMUM REQUIREMENTS: Bachelor's degree or foreign equivalent in Accounting, Finance, or a related field and 6 years of progressive post-baccalaureate work experience. Must have 6 years of experience in an accounting environment. Must have 2 years of experience in: Federal Reserve Foreign Banking Organizations Enhanced Prudential Supervision; Developing and managing relationships, alongside with audit experience, with federal regulators; Capital Markets, Wealth Management and Retail Banking; and Reporting of accurate and timely consolidated financial and statistical results to the Federal Reserve. Must have 1 year of experience in utilizing regulatory reporting software systems. Must have active CPA certification The base salary for this job is $137,114 per year. This salary 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