Job Summary

The Regulatory Reporting Associate publishes, maintains and files all documentation necessary to meet organizational, industry, and governmental regulatory requirements. This individual will also apply basic theories, skills, and practices to accomplish assignments.

Job Description

What are you going to do?

Analyzing an organization's reporting policies & procedures, and providing recommendations to revise existing documentation or develop new documentation that will improve the internal control environment.Compiling various state and federal regulatory agency filings and coordinating quarterly and annual statement mailings.Maintaining and publishing policies, procedures, processes and related documents to reflect the latest revision or release.Communicating new or revised policies, procedures, processes and related documents to appropriate team members and/or business units.Documentation of processes, procedures, governance and controls across reporting entitiesUpdate report preparation procedures to include changes due to automation and/or control updatesWork with regulatory team leaders to research and document key rule interpretation decisionsDocument regulatory reporting impact of proposed new business, products and strategic transactions on an ongoing basis in collaboration with LECsPrepare and maintain US GAAP to RAP reconciliation schedules with relevant supportParticipate in and document interactions with regulators across RBC reporting platformPartner with reporting teams during User Acceptance Testing to ensure control implementationAnalyze workflows across reporting teams and work with managers to develop strategic work plansPerform data validation with the goal of developing controls for reporting consistencyOversee manual data sourcing, identify or raise automation initiatives and report progress to management

Must haves:

Minimum 3 - 5 years of experience in the financial services industry Degree in Accounting/Finance/Economics Broad comprehension of Capital Markets and Financial Services IndustryExperience using Axiom or similar regulatory reporting toolsStrong Microsoft software Office skills (Excel, Word, PowerPoint) Experience in US GAAP Financial Statement preparation and Bank Regulatory Reporting Ability to work in a fast-paced team environment Excellent written and oral communication skillsIndependent and critical thinker with desire to drive results

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 applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workOpportunities to building 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

Job Skills

Audits Compliance, Critical Thinking, Detail-Oriented, Financial Reporting and Analysis, Industry Knowledge, Internal Controls, Knowledge Organization

Additional Job Details

Address:

GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITY

City:

Jersey City

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:

2024-09-30

Application Deadline:

2024-10-31

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.