Job Summary

Job Description

What is the Opportunity?

This role will be responsible in supporting Director Capital Adequacy in CUSO balance sheet reporting and performance management analytics including forecasting, limit frameworks, legal entity reporting, and budgeting. In addition, this role also supports CUSO Funds Transfer Pricing reporting (FTP).The role will partner with US platforms (CM, CNB, WM, RBC), US functions lead and enterprise finance (Enterprise Performance Management and Enterprise Functions Finance).

What will you do?

Support balance sheet reporting and performance management analytics including actuals, variance analysis, forecasting and budgeting for reporting to various management committees and regulators. This includes building strong relationships with Platform (CNB, WM, etc.) Finance teams and business heads to ensure accuracy and linkage with US Platform reporting.

Monthly CUSO Balance Sheet analytics for actuals and updates for the rolling forecast

Coordinate with Platform Finance teams on annual and 5 year strategic balance sheet planning

Coordinate US Assets and Liability Committee meetings (ALCO) materials and assist in producing analytics material for various management and board committees

Coordinate US ALCO meeting materials cross multiple functions and produce executive summary dashboard

Produce monthly New York Branches and CUSO balance sheet dashboard, monitor actuals and forecast against established limit frameworks

Key point contact for CUSO FTP management including monthly FTP council meetings, documentation, and quarterly CUSO FTP reporting included in U.S. ALCO packages

Provide quarterly status updates and oversight of FTP framework on FTP to senior management and partner with business platforms to produce centralized CUSO FTP report on a quarterly basis and provide report to the U.S. ALCO

Collaborate with Group Risk Management and business platforms to resolve outstanding SR 16-3 gaps identified

Support overall team on supplementary balance sheet management processes, ad-hoc requests, and other strategic initiatives

Team with U.S. and Toronto finance and operation risk teams on reoccurring data requests. This includes determining monthly and quarterly cost allocations including liquidity charges, OCC, DFA, FRF regulatory costs, and delivery of legal reserves balances.

Maintain procedural documentation reports for key balance sheet processes

What do you need to succeed?

Strong background in Capital Management (policy, adequacy, analytics, projections), or Regulatory Reporting and Analysis

4+ year of relevant work experience in Finance, Treasury, or Risk Related Roles

Degree in Accounting/Finance, or Economics

Strong analytics skillset

Broad comprehension of Financial Services Industry

Self-motivated, action-oriented, organized and detail oriented individual

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 build close relationships with clients

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 – Hybrid

#LI – POST

Job Skills

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

Additional Job Details

Address:

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City:

New York

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-08-22

Application Deadline:

2024-10-17

Inclusion and Equal Opportunity Employment

At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.