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Royal Bank of Canada - New York, NY

posted 22 days ago

Full-time - Senior
New York, NY
Credit Intermediation and Related Activities

About the position

This role is a leadership role responsible for financial analysis related to financial resource optimization and strategic projects for US Region (covers all RBC businesses in US). The role is a key advisor to Head of U.S FPM and US CFO. Responsible for developing analytics and thought leadership on optimization of capital and funding in the US, which requires understanding of linkages between attributed capital for the business segments, legal entity capital base, Asset Liability Management, Funds Transfer Pricing, etc. Responsible for driving US ALCO and US Platform strategic projects. Advise and support functional and business leadership on US region financial resources strategy and develop solutions to remediate local constraints.

Responsibilities

  • Lead the US Asset Liability Committee (ALCO) of RBC US to facilitate result-driven discussions, partnering with various business heads and functional leads.
  • Develop and manage analytics on funding optimization with the objective of reducing reliance on wholesale funding and increasing deposit funded loans, across various US business platforms and booking locations.
  • Develop and manage analytics on IHC and subsidiary legal entity capital with the objective of optimizing capital base in the US.
  • Partner with various stakeholders such as Corp Treasury and business segments, in developing a consistent framework for Funds Transfer Pricing (FTP) reporting and analytics across CUSO (Combined US Operations).
  • Support U.S. CEO and U.S CFO with execution of RBC's U.S. strategy, especially with respect to capital and funding impacts of various business growth initiatives.
  • Produce RIHC Board Committee reporting and analysis - on funding and capital for US region for the quarterly U.S. CFO Report to IHC Board Audit Committee and any other follow-up items requested by the Board and its committees.
  • Provide support to US CFO/senior management on strategic analysis/themes related to US Region to facilitate decision making based on regional regulatory/legal entity considerations.
  • Partner with the businesses as a trusted advisor to support growth and strategic initiatives and provide US region expertise including understanding of local regulatory rules and constraints impacting their business.
  • Support integration of finance, business advisory/business manager functions, which will drive process and resource optimization and develop platform for regional business engagement and develop finance strategy.
  • Continue to enhance FPM linkages with Head Office functions (Finance, Treasury and Risk) - linking regional metrics with enterprise, and function as an SME on head office performance metrics calculations such as RWA, Capital allocation, ROE, etc.

Requirements

  • Bachelor's degree in business (Finance, Accounting, Economics, Marketing), Data Science, Statistics, or other similar majors preferred.
  • 7+ years relevant experience in executive management reporting or multi-legal entities.
  • The ability to think strategically, execute tactically, be solution-focused, and solve problems.
  • Self-driven, results oriented and passion for solving problems.
  • Detailed oriented, driving data analytics to improve current state of business operations.
  • Excellent communication skills - both verbal and written, including presentation skills.

Nice-to-haves

  • Strong financial planning and analysis background (preferably in financial services)
  • Strong leadership and communication skills
  • Financial Statements orientation and comprehension
  • Basic understanding of Capital Markets businesses and banking products and services.
  • Interpersonal skills and ability to work effectively across multiple functions is required.

Benefits

  • 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
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