Regulatory Reporting Associate

Job Summary

• Prepare and file various Broker-Dealer Regulatory Reports and assist with projects and process improvement initiatives for RBC Capital Markets, LLC.

• Ensure compliance with SEC, FINRA, CFTC, etc., Regulatory Reporting Requirements.

Job Description

What will you do?

• Assist in all aspects of preparing the FOCUS and Supplemental Reports, i.e., SSOI, OBS, SIS, SLS, Form Custody & Schedule 1.

• Responsible for Net Capital Calculations under SEC Rule 15c3-1 for both broker dealers including but not limited to haircuts on securities and operational charges (Fails, Stock Borrows and Loans, Repo's, Moment to Moment, Underwriting, etc.) as well as reconciliations to the Balance Sheet.

• Assist in the preparation of the weekly and month end 15c3-3 Customer and PAB Reserve calculations.

• Own the preparation of the month end variance analysis package presented to Senior Management.

• Involvement in Regulatory exams and audits. Provide support and documentation when required.

• Develop detailed policies and procedures which the broker dealer utilizes to comply with Regulatory Reporting requirements.

• Proactively identify areas for improvement and automation to reduce operational risks and enhance the control environment.

• Lead contact for internal and external audit remediation points.

• Assist in the preparation and filing of weekly and monthly FR2004 series reports.

• Assist in the preparation of various FRB Reporting (Ad-Hoc)

• Assist in automation using Python, SQL, Macro VBA

What do you need to succeed?

• Bachelor's degree or work equivalent.

• Strong knowledge of Broker-dealer Regulatory Reporting (Rules 15c3-1 and or 15c3-3).

• Excellent PC skills, including proficiency in Excel and strong knowledge of Regulatory Applications (i.e. DASH: Fixed Income Haircuts and Risk Based Haircuts).

• Familiarity with stock record and corresponding security allocations as they relate to the 15c3-3 reserve formula.

• Python, SQL, Macro VBA

• Degree in accounting, financing, or management information systems

• Ability to identify areas for improvement and lead efforts to implement change.

• Strong oral and written communication skills.

• Excellent organizational skills needed to manage multiple and competing priorities.

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 build close relationships with clients

The good-faith expected salary range for the above position is $80,000 - $130,000 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

Audits Compliance, Critical Thinking, Detail-Oriented, Financial Analysis and Reporting, Industry Knowledge, Internal Controls, Knowledge Organization, Structured Query Language (SQL), VBA Macro

Additional Job Details

Address:

GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITY

City:

Jersey City

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Office of the CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-05-09

Application Deadline:

2024-05-09

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 jobs.rbc.com.