Associate Director, Market Risk Capital (FRTB Reporting & Regulatory Disclosures)
Royal Bank of Canada · NY, US
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About the Role
The Associate Director, Market Risk Capital (FRTB Reporting & Regulatory Disclosures) will lead the build-out and production of Market Risk regulatory reporting for the US IHC under the Basel 3 Endgame (B3EG) framework. This role is responsible for establishing automated reporting workflows, designing and executing reconciliation processes between Risk and Finance, and aggregating CCAR Market RWA projection outputs. The individual will partner closely with IT on reporting system implementation and testing, ensuring reporting accuracy and timeliness.
Responsibilities
- Lead the design, implementation, and ongoing production of Market Risk regulatory reports under B3EG, including the FFIEC 102 and weekly FRTB capital reports; establish automated reporting views and dashboards to support granular schedule-level reporting – 30%
- Build and maintain the Risk-to-Finance reconciliation framework (FR Y-9C), including root-cause analysis of breaks and development of automated reconciliation tools – 20%
- Aggregate and report CCAR Market RWA 9-quarter projection results for FRY-14A submissions; coordinate with modelling teams to ensure projection outputs flow accurately into reporting infrastructure – 15%
- Partner with IT on system implementation, UAT testing, and data pipeline enhancements to support reporting automation and data quality – 15%
- Develop and maintain reporting documentation including data lineage, process flows, line-item mapping, and methodology descriptions required for regulatory compliance and audit readiness – 10%
- Monitor regulatory developments, participate in FRB data collection exercises (e.g., HPE/QIS), and support internal audit, RCSA, and regulatory examination processes – 10%
Requirements
- Bachelor's Degree in Finance, Engineering, Mathematics, or a quantitative field
- 5+ years of experience at a bank or financial institution with direct exposure to market risk regulatory reporting, FRTB implementation, or capital adequacy reporting
- Strong knowledge of market risk capital frameworks (Basel III/IV, FRTB Standardized Approach, SBA, DRC, RRAO) and US regulatory reporting requirements (FFIEC 102, FR Y-9C, FRY-14A)
- Experience building or maintaining reconciliation processes between risk and finance systems
- Strong data analysis and automation skills including proficiency in Python, SQL, and Excel for working with large datasets
- Experience with Business Intelligence and reporting tools (Tableau, OBI, or equivalent) and familiarity with market risk platforms
- Excellent written and oral communication skills with demonstrated ability to prepare materials for senior management and regulators
- Ability to manage recurring production processes under tight weekly deadlines while maintaining accuracy and completeness
- Autonomous, highly motivated, and able to work independently and collaboratively in a fast-paced environment
Skills
- Python
- SQL
- Excel
- Tableau
- OBI
- Decision Making
- Financial Instruments
- Group Problem Solving
- Market Risk
- Performance Management (PM)
- Resource Coordination
- Risk Management
- Waterfall Model
Location
- New York
Work Type
- Full time
- Salaried
Experience Level
- Associate Director
- 5+ years of experience
Education Level
- Bachelor's Degree
Salary/Compensations
- $120,000-$200,000
Benefits
- 401(k) program with company-matching contributions
- Health, dental, vision, life, disability insurance
- Paid-time off
About the Company
- 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.
Equal Opportunity
- 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.
- RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.