Director – Regulatory Reporting Policy – And Accounting Advisory

Director – Regulatory Reporting Policy – And Accounting Advisory

Requirements

• Bachelor’s degree (preferred Accounting or Finance), MBA and/or CPA a plus.
• 15+ years in a similar role at financial institution or a US regulatory body in a capital markets environment with significant experience on US Basel Rules for Advanced, and Standardized Approaches for Market Risk, Counterparty Credit Risk, and Securitization.
• Deep and extensive capital markets experience in complex structures enabling an individual to deconstruct transactions and understand the underlying risks.
• Advanced knowledge of regulatory frameworks as well as having held roles which involve interaction with supervisors / regulators is preferred.
• Strong knowledge of key regulations and policies under the FBO Enhanced Prudential Supervision and Regulation Standards.
• CPA with Big 4 or relevant regulatory body experience is preferred.
• Ability to develop and manage relationships with industry peers.
• Strong leadership skills, oral & written communication skills.

Responsibilities

• Document interpretation and conclusion of regulatory rules, specifically issued by the Federal Reserve Board, OCC (inclusive of the Interagency Guidance), Basel Committee on Bank Supervision and U.S. Securities and Exchange Commission, IIB, BPI etc. as applicable to RBC CUSO to ensure consistent application across products and businesses.
• Oversight of regulatory advisory processes, including monitoring emerging U.S. regulatory guidance/issues through interaction with various industry groups, standard setters/regulatory bodies, and coordinating the internal assessment and collective understanding of regulatory interpretations across RBC CUSO functional teams as Chair of the CUSO Regulatory Interpretations working group.
• Oversight of accounting advisory processes, including providing technical guidance to the broader U.S. Finance team with accountability for communication, consistency, and coordination with APG on implementation of U.S. GAAP and IFRS standards.
• Periodically coordinate discussion on complex topics with internal and external auditors and regulators as applicable.
• Participate in training and publication efforts related to accounting and regulatory reporting matters.
• Drive collaboration with business units and corporate functions in relation to new products/transactions to identify, document and resolve all financial and regulatory reporting implications.
• Team leadership and development with responsibility for identifying team and individual goals, providing candid and actionable feedback, coaching and development while promoting a value based and inclusive workplace.

Preferred Qualifications

• MBA and/or CPA a plus.
• Advanced knowledge of regulatory frameworks as well as having held roles which involve interaction with supervisors / regulators is preferred.
• CPA with Big 4 or relevant regulatory body experience is preferred.