Manager, U.S Regulatory Reporting
RBC · Malaysia · 1d ago
Job Description
What is the opportunity?
Our client is a specialist provider of asset services, custody, payments and treasury services. Founded in 1864, they are the 10th largest bank worldwide and the 5th in North America, as measured by market capitalization. They are among a small group of highly rated global banks and are recognized time and time again for our financial strength, market leadership and philanthropic work.
Our client has a processing centre of operational excellence supporting 10 countries across three geographical time zones employing a Global Operating Model to maximise efficiencies across times zones and supports a 24/5 operational capability. The objectives for Malaysia are to enhance the scalability of their global operations, improve service quality via their ‘centres of excellence’ and to implement/leverage standardised processes globally.
We are seeking a detail oriented and motivated associate to join our U.S. regulatory reporting team based in Malaysia. This mid-level role provides a unique opportunity to gain hands on experience with U.S. regulatory filings including those required by the Federal Reserve Board (FRB), Bureau of Economic Analysis of the U.S. and U.S. Census Bureau. The associate will work under the guidance of senior team members and contribute to the preparation and review of details related to regulatory filings done by the U.S. team.
Region : US
Working Hours : 9am-6pm (Flexible to work on US Hours when required)
What will you do?
- Assist in the preparation and review of deliverables for regulatory filings done by the U.S. team to FRB, Bureau of Economic Analysis of the U.S. and U.S. Census Bureau for filings such as TIC series, FR 2004 series, ABS, AIES, BRD-1, BEA -12, BEA-15, BEA 180/185 etc.
- Perform reconciliation between source system and reporting system data under supervision.
- Conduct variance analysis and assist in identifying data anomalies or breaks.
- Maintain accurate and organized documentation to support reporting processes and internal controls.
- Support control activities including checklists, trackers, runbooks and issue logs.
- Collaborate with team members across Malaysia and the US on data validation, process documentation, and various other deliverables.
- Participate in training sessions and knowledge sharing to build domain expertise.
- Provide other local team member support as part of day-to-day activities
- Work on other department related initiatives, as deemed necessary by management
What do you need to succeed?
Must-have
- More than 8 years of experience in regulatory reporting, financial reporting or audit
- Basic knowledge of U.S. GAAP and relevant banking regulations
- Understanding of Capital Markets and Financial Services Industry functions and products
- High attention to detail, with strong analytical, problem-solving, and communication skills.
- Knowledge in data, decision and process modelling tools and data analysis (e.g. Microsoft Excel, SQL, Jira, Tableau, Alteryx, R, Python) would be an advantage
- Prior experience in shared service centers or global delivery hubs for financial institutions would be an advantage
Nice-to-have
- Degree in Accounting/Finance/Economics
- CA or CPA
What’s in it for you?
Our client thrive on the challenge to be their best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. Our client care about each other, reaching their potential, making a difference to their communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including performance-based bonuses, flexible benefits, and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- A world-class training program in financial services
- A collaborative dynamic culture where personal initiative and hard work are recognized and rewarded
Job Skills
Audits Compliance, Communication, Critical Thinking, Detail-Oriented, Financial Reporting and Analysis, Industry Knowledge, Internal Controls, Knowledge Organization, Organizational Change Management, Team ManagementAdditional 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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