Job Summary
Job Description
What is the Opportunity?
The CCAR and Capital Adequacy role will be responsible for supporting the company’s capital management strategy and ensure compliance with regulatory requirements related to Comprehensive Capital Analysis Review (CCAR).
This roles involves working closely with cross functional teams (incl. Finance, Risk, Treasury, Tax. Etc.) to manage capital planning, stress testing, and reporting process.
What will you do?
Capital Management :
- Monitor and analyze capital ratios, trends, and forecasts to provide insights and recommendations to senior management.
- Calibrate Internal Capital Goals, Targets and Triggers on an annual basis (or more frequently if required).
- Lead discussions with Legal Entity management team to establish cross-functional alignment on subsidiaries’ capital targets and triggers.
- Update capital contingency action playbook and escalation methods
- Support capital transaction analysis (including equity injection, dividend and sub-debt injection / repayment), develop and recommend potential capital transaction sizing to senior management team and facilitate transaction execution, ensure smooth end-to-end process.
- Monitor subsidiaries capital positions
- Perform quarterly back testing analysis.
- Assessing potential impact of Basel III endgame rules on RBC US capital position and projections.
CCAR :
- Support end-to-end CCAR aggregation process and stress testing analytics on RBC US and its subsidiary entities to ensure adequate capital under all scenarios.
- Assist in managing CCAR runbook.
- Perform entity-level capital forecast and analytics to ensure that RBC US and its subsidiaries have sufficient capital to support business growth and sustain potential losses;
identify drives that impact capital positions
- FR-Y 14A Reporting :
- Track and monitor changes in instructions and forms to be implementation in aggregation engine.
- Review FR Y-14A templates used for the Capital Plan.
- Develop presentation materials for Management and Board Committees and the Board.
What do you need to succeed?
- Bachelor's Degree
- 4-6+ years of experience in capital management, adequacy, planning, CCAR, and regulatory reporting
Nice-to-Have
- Full understanding of capital adequacy analytics, procedures and policies in financial services
- Strong analytical and problem solving skills
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 $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
Job Skills
Backtesting, Basel III, Capital Adequacy, Capital Analysis, Capital Management, Communication, Critical Thinking, Ensure Compliance, Financial Planning and Analysis (FP&A), Group Problem Solving, Independent Thinking, Regulatory Requirements, Stress Testing, Team Management
Additional Job Details
Address :
BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET : NEW YORK
City : New York
New York
Country :
United States of America
Work hours / week : Employment Type :
Employment Type : Full time
Full time
Platform : OFFICE OF THE CFO
OFFICE OF THE CFO
Job Type : Regular
Regular
Pay Type : Salaried
Salaried
Posted Date : 2024-06-28
2024-06-28
Application Deadline :
2024-10-31
I nclusion 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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