Associate – Regulatory Capital Adequacy Function

What is the opportunity?

This regulatory reporting role resides within the U.S. Capital Adequacy Function (Team). The Team is responsible for managing the Intermediate Holding Company’s (IHC’s) regulatory capital and Risk Weighted Asset (RWA) reporting under the US Basel III rules. 

What will you do?

• Run the production process for schedule HC-R of the FR Y9-C regulatory report, which includes running RWA calculations, producing accurate reporting and robust analytics along with maintaining rigorous controls.
• Develop and maintain consistently accurate and repeatable reporting solutions along with robust analytics on a monthly basis and on an as needed basis.  Identify, communicate and resolve issues related to foregoing processes.
• Adhere to critical timelines for deliverables. 
• Maintain documentation of and adherence to key processes, risks and controls.  Adhere to control framework and make sure all processes and controls are audit worthy.
• Provide management support with a specific focus on Credit and Market RWA calculations. 

What do you need to succeed?

Must-have

• Accounting degree from an accredited university required.
• Bank regulatory reporting experience. Comprehension of Basel III capital rules preferred.
• Experience producing and filing schedule HC-R of the FRY-9C report.
• Strong work ethic and the ability to work under pressure and within tight deadlines.
• Excellent verbal and written communication skills (i.e. ability to explain issues, findings, thoughts in a clear and concise manner).

Nice-to-have

• Knowledge of Axiom SL regulatory reporting solution
• Strong knowledge in financial products including fixed income securities, equities and derivatives.
• Reading, writing and analytical capabilities commensurate with drafting of Business Requirement Documents (BRDs).
• Basel III End Game knowledge and/or experience (FFIEC 101 reporting).

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.
• Flexible work/life balance options.
• Opportunities to do challenging work.
• Opportunities to take on progressively greater accountabilities. 
• Access to a variety of job opportunities across business.

The good-faith expected salary range for the above position is $80,000-$135,000 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

#LI-POST

Job Skills

Business Analytics, Critical Thinking, Financial Forecasting, Financial Planning and Analysis (FP&A), Treasury Management

Additional Job Details

GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITYJersey CityUnited States of America40Full timeOFFICE OF THE CFORegularSalaried2024-12-132025-07-31

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.