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 ManagementAdditional Job Details
Address:
BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORKCity:
New YorkCountry:
United States of AmericaWork hours/week:
40Employment Type:
Full timePlatform:
OFFICE OF THE CFOJob Type:
RegularPay Type:
SalariedPosted Date:
2024-08-22Application Deadline:
2024-10-17Inclusion 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.
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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