Associate Director, U.S. Regulatory Reporting and Controls Management

About the role

The Associate Director, U.S. Regulatory Reporting and Controls Management supports the regulatory reporting and strategy function for the U.S. Intermediate Holding Company (IHC) and its consolidating subsidiaries, including but not limited to, the preparation, review and timely submission of regulatory reports, as well as, driving optimization and automation of regulatory reporting processes and platforms.

Responsibilities

• Lead the end-to-end process for regulatory report preparation, review and timely submission of FRB and OCC regulatory reports and filings (including but not limited to the FR Y-14Q, FR Y-14M, FFIEC 031, FR Y-9C FR Y-15, FFIEC 009, FR 2644, FR Y-12, FR Y-11, FR Y-8, FR-2004, TIC) with responsibility for ensuring operational effectiveness in compliance with the regulatory reporting controls and governance environment.
• Drive report automation, enhancements, process optimization and ongoing management of the regulatory reporting platform and processes to improve accuracy and efficiency.
• Drive internal assessment of the impact of changes in the broader regulatory environment and requirements to RBC’s reporting obligations.
• Develop and maintain a strong internal controls environment over the regulatory reporting process to ensure adherence to regulatory standards and best practices.
• Partner with various internal stakeholders (i.e. Legal, Compliance, Line of Business units, Audit, Controllers, Operations) to execute change initiatives.
• Identify potential risk areas through review of regulatory reporting policies, procedures and controls and drive potential corrective actions to ensure compliance with regulatory standards.
• Build, mentor and manage a high-performing team of regulatory reporting professionals fostering a culture of accountability, continuous improvement and technical excellence.

Requirements

• Strong knowledge of and experience in U.S. regulatory reporting coupled with experience in regulatory project delivery within the financial services industry
• Hands-on experience with Axiom SL, Argus, and/or similar reporting platforms including data integration, automation and optimization of reporting processes
• Effective communication skills, both verbal and written, with the ability to present complex information to senior management and regulators
• Excellent analytical and problem-solving skills with a strong attention to detail and accuracy
• Strong leadership and people management skills with the ability to mentor and develop a high-performing team

Qualifications

• Bachelor’s degree (Accounting or Finance preferred) and/or CPA or advanced degree
• Strong knowledge of financial products and reporting standards applicable to a U.S. financial services industry
• Working knowledge of balance sheet and income statement inputs
• Working knowledge of Comprehensive Capital Analysis and Review reporting process
• Strategic thinker with ability to lead and influence in an evolving environment and work across functions/businesses
• Proficiency in data management and analytics tools (SQL, Python, PowerBI, Tableau, etc.) and strong Microsoft Office (PowerPoint, Excel) skills

Pay

The good-faith expected salary range for the above position is $120,000 - $200,000 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.