What are the responsibilities and job description for the Associate Director, US Resolution position at Royal Bank of Canada?
Job Summary
Job Description
What is the opportunity?
This individual will support the RBC USA's Resolution Planning and Submission with a focus on the liquidity forecast and modelling resolution assumptions in accordance with FRB requirements.
What will you do?
- Responsible for managing the modelling and calculations related to U.S. Resolution with a focus on Liquidity Execution Need (“RLEN”) of a GSIB/FBO.
- Liaise with different functional groups and businesses in preparation of the resolution model forecast and the downstream users of the forecast.
- Managing the build out of documentation, white papers and assumptions for the liquidity analysis of the plan.
- Supporting implementation of the model to manage the liquidity calculations, understanding the requirements to ensure successful integration.
- Managing the ad hoc, on demand resolution forecast requests and corresponding support of the analysis.
- Liaise with key stakeholders throughout the life cycle of the plan submission to ensure a compliant and timely plan submission.
- Facilitate testing of new Firm systems to enable successful onboarding of forecasting capabilities, raise/escalate issues for remediation and timely remediation.
What do you need to succeed?
Must-Have
- Bachelor’s degree in finance and economics.
- 5-8 years’ experience in banking or financial services focused around either in resolution plan management, liquidity risk management, capital management at a financial institution, or as an auditor or consultant for banking clients.
- Thorough technical analysis capabilities and ability to learn new systems (including databases, forecasting tools and liquidity reporting systems)
- Ability to learn new systems and integrate Firm data
- Previous experience with Resolution planning for GSIB/FBO firms
- Knowledge and understanding of RLEN requirements
- Ability to think strategically, including with regard to proposed rule makings, impacts, implementations, etc.
- Strong communication skills and an ability to work across different parts of the Firm toward the goal of successfully managing the Resolution plan and forecast
- Strong attention to detail and writing skills
- A general understanding of Python
Nice to Have:
- Experience in Resolution Planning, Capital Planning, or CCAR stress testing for financial institutions.
- Experience in Workiva, Tableau or Alteryx
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 competitive compensation, bonuses, and flexible benefits
- Continued opportunities for career advancement
- World-class sales training, coaching, and development opportunities
- Support from a dynamic, collaborative, progressive, and high performing team, as well as world-class tools and training
- Opportunity to achieve great success and grow your career with RBC
The good-faith expected salary range for the above position is $110,000 - $190,000 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-POST
#LI-Hybrid
Job Skills
Business Analytics, Commercial Acumen, Critical Thinking, Decision Making, Group Problem Solving, Predictive Analytics, Risk Management, Statistical Analysis, Strategic Thinking, Treasury ManagementAdditional Job Details
Address:
City:
Country:
Work hours/week:
Employment Type:
Platform:
Job Type:
Pay Type:
Posted Date:
Application Deadline:
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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.
Salary : $110,000 - $190,000
