Associate Director, Financial Control & FRB/OCC Regulatory Reporting
Description
This role involves leading the Federal Reserve Bank Regulatory Reporting and Financial Control function for capital markets and wealth management branches. Key responsibilities include ensuring timely and accurate regulatory reporting, maintaining a robust control framework, supporting governance, performing reconciliations and variance analysis, and acting as the primary contact for the annual audit of consolidated financial statements. The position also entails managing month-end and quarter-end closing processes, interacting with external regulators and internal audit, analyzing accounting records for financial statements, and collaborating with various internal teams to enhance processes, automation, and data quality. Additionally, the Associate Director will present analytical packages to senior management and spearhead the implementation of new business initiatives and accounting standards.
What We're Looking For
Lead the Federal Reserve Bank Regulatory Reporting & Financial Control function for capital markets and wealth management branches.,Ensure timely and accurate reporting while maintaining a robust control framework.,Support governance and control requirements.,Perform reconciliation and variance analysis related to various regulatory reports.,Act as point person for the annual audit of the IHC's consolidated financial statements.,Manage the month-end and quarter-end closing process, including creating, documenting, and posting journal entries.,Interface with external regulators and internal audit.,Examine, analyze, and interpret accounting records for financial statement preparation.,Partner with Legal Entity Control, Finance IT, Risk Control, USDS, Legal, SGO, and Product Control to improve processes, automation, and regulatory reporting work streams.,Present monthly, quarterly, and yearly analytical packages to senior management.,Manage the implementation of new business initiatives, process efficiencies, and US data quality improvement projects.,Spearhead the implementation of new accounting standards or updates and represent Financial Control and Regulatory Reporting in all project meetings.
Ideal Candidate
Bachelor's degree or foreign equivalent in Accounting, Finance, or a related field.,6 years of progressive post-baccalaureate work experience.,6 years of experience in an accounting environment.,2 years of experience in Federal Reserve Foreign Banking Organizations Enhanced Prudential Supervision.,2 years of experience in developing and managing relationships, along with audit experience, with federal regulators.,2 years of experience in Capital Markets, Wealth Management and Retail Banking.,2 years of experience in reporting accurate and timely consolidated financial and statistical results to the Federal Reserve.,1 year of experience in utilizing regulatory reporting software systems.,Active CPA certification.
Minimum Education
Bachelor's Degree
Hard Skills
Soft Skills
Work Hours
40 hours/week
Benefits
About the Company
Royal Bank of Canada
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. As Canada's largest bank, it provides personal and commercial banking, wealth management, and capital markets services to over 17 million clients worldwide.
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