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At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.
Whether you're helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.
Job Title
Associate Director, Credit Governance & Risk Reporting
Job Description
What is the Opportunity?
- Develop and implement RBC Intermediate Holding Company's Single Counterparty Credit Limit ("SCCL") FR 2590 reporting to senior management and the Federal Reserve.
What will you do?
- Lead the build out of RBC Intermediate Holding Company's ("RBC US Group Holdings LLC", "RIHC") Single Counterparty Credit Limit ("SCCL") FR 2590 reporting, including daily monitoring, monthly internal reports to senior management, and quarterly attestation reports to be submitted to the Federal Reserve
- Collaborate with Risk IT and Risk Technology teams to automate the report compilation process; work with RBC and U.S. Data Governance Office to ensure accurate documentation of SCCL Business Rules, controls and data lineage
- Support the Director with the build out of governance processes to monitor and escalate breaches
- Foster cross-functional partnerships and networks to promote alignment and create efficiencies between regulatory reports, working in close collaboration with Finance, RBC Enterprise Risk Large Exposures reporting team, Counterparty Credit Risk and other Risk and Business teams.
- Develop analytical tools to provide insights and conduct investigations on the largest RIHC counterparties
- Prepare presentations for senior management and management committees on the top RIHC exposures as required
- Provide subject matter expertise on SCCL rules and Fed reporting instructions, supporting internal and external regulatory reviews and ad hoc queries from key business partners
- Support the timely, accurate and complete preparation of regulatory report filings within prescribed deadlines
What do you need to succeed?
- Master's degree in either Business Administration, Finance, Economics, Computer Science, or a quantitative discipline
- High degree of computer literacy with a demonstrated proficiency in the use of Excel and quantitative tools. Computer programming skills (SQL, Python, VBA) are a PLUS
- Solid understanding of wholesale credit risk, products and operations and ideally at least 2+ years of experience within Credit Risk Management or accounting, preferably within the Banking industry (Finance or Risk function)
- Experience in consulting or in a large global bank managing regulatory filings will be an added plus
- Demonstrated ability to view data holistically and remain detail oriented to synthesize, prioritize and deliver results with urgency
- Strong interpersonal, organizational, analytical, presentation, facilitation and negotiation skills
- Proven ability to obtain support and buy-in across a wide range of internal and external audiences
- Clear and concise writing skills for Board-level presentations, SCCL reporting and policy writing
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 building close relationships with clients
The good-faith expected salary range for the above position is $140,000 - $160,000 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 Summary
Address:
Jersey City, New Jersey, United States of America
City:
USA-NJ-JERSEY CITY
Country:
United States of America
Work hours/week:
40
Employment Type:
Full time
Platform:
Group Risk Management
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2023-03-14
Application Deadline:
2023-04-03
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.
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 rbc.com/careers.
