Associate Director, U.S. Financial Resource Optimization

Job Description

What is the Opportunity?

This role is a supporting 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 supporting 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.

What will you do?

* Support 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. Analysis on key metrics such as legal entity ROEs, management view NIAT impacts and linkages with attributed capital-based returns, etc.

* 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.

What do you need to succeed?

Must have :

* Bachelor's degree in business (Finance, Accounting, Economics, Marketing), Data Science, Statistics, or other similar majors preferred.

* 5+ years relevant experience, preferably in executive management reporting.

Nice-to have :

* Experience with Funds Transfer Pricing and/or Financial Resource Optimization a plus.

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 $120,000 - $200,000 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

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Job Skills

Accounting, Decision Making, Financial Planning and Analysis (FP&A), Financial Reporting and…