Job Description
What is the opportunity?
This position combines financial resources (Balance Sheet, RWA, Leverage, and Capital) subject matter expertise with data reporting capabilities. This position will support business stakeholders in understanding financial resource reporting while pursuing data enhancements to streamline processes and improve calculation efficacy across model reporting.
The Manager , Balance Sheet Advisory will support and assist initiatives to advise on optimization opportunities for Balance Sheet, RWA, Leverage, and Capital and support the implementation of an enhanced Weekly RWA / Leverage reporting model and process, increasing the operational efficiency and imploring new and independent sources of information.
This position will support the development of balance sheet analytical expertise and forward looking analytical support as well as planning and forecasting of Capital Markets’ Balance Sheet, including RWA, leverage exposure and liquidity.
What you will do?
Assist in the enhancement of data to support RWA and Leverage calculation and reporting. Support the implementation of an enhanced Weekly RWA / Leverage reporting model and process, increasing the operational efficiency and imploring new and independent sources of information.
Support in the development of a center of expertise related to Balance Sheet, RWA, Leverage, and Capital to advise, educate and inform a wide audience of stakeholders, with an overarching goal to initiate and implement financial resource optimization efforts to maximize resource utilization and returns.
Support the advisory to business stakeholders on areas of potential risk and capital optimization and collaborate with key stakeholders to implement optimization efforts.
Assist in the enhancement of in-depth Wholesale businesses financial resources analytics to support emerging regulatory environment and strategic business growth.
Assist in managing the planning, forecasting and strategic business (and legal entity) reviews of CM balance sheet, Risk Weighted Assets (RWA) and leverage exposure in collaboration with BU Advisors and report on the overall monthly/quarterly/annual results
Assist in the management and development of risk and returns ratios under key financial resource constraints; identify red flags and implement processes to ensure the potential impacts of such developments and potential mitigating actions are communicated to CM OC for timely de Accounting Designation (CPA), CFA, or MBA l entity analysis and new business proposals, driven by various stakeholders across CM, RBC HO and/or OSFI.
Support the development and maintenance of various analytical models and drivers to proactively identify growth impacts on the balance sheet, clearly identify incremental value of key balance sheet lines and the potential impact on RWA / leverage exposure growth.
Collaborate with Corporate Treasury, Wholesale Finance Control Team, and BU Advisors to understand, analyze and report on RWA and Leverage for Wholesale Businesses.
Participate in various projects as required and support and prepare monthly, quarterly and annual Head Office and Investor Relations related materials to report on consolidated CM business results, ad-hoc analysis and potential impacts and sensitivities.
What you need to succeed?
Must Have
Accounting Designation (CPA), CFA, or MBA
4+ years' experience working in a Performance Management type role in a Financial Institution
Proficient computer skills including Excel (Pivot Tables, Slicers, VBA macros), MS Access, SQL, Python, TM1,
Strong verbal and written communication skills
Organization skills and ability to multi-tasking, attention to detail
Ability to work flexibly and to adapt to changing priorities
Strong team ethic, with the proven ability to work effectively and collaboratively with others.
Conflicts and issues resolution and escalation
Exposure to Capital Markets products
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.
Job Skills
Accounting, Decision Making, Financial Planning and Analysis (FP&A), Financial Reporting and Analysis, Results-OrientedAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
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