Associate Director, US Finance Controls Governance

Associate Director, Regulatory And Financial Reporting

We are seeking an experienced Associate Director with 5-10 years of experience in regulatory and financial reporting within the financial services sector. This role involves establishing and maintaining a strong controls governance framework, managing the controls documentation inventory, engaging with internal audit teams, supporting Federal Reserve Bank (FRB) examination readiness and remediating self-identified issues. The focus will be on evaluating and governing controls related to regulatory and financial reporting to various regulators, including Federal Reserve Bank (FRB), Office of the Controller of the Currency (OCC), and Financial Industry Regulatory Authority (FINRA).

The role will primarily focus on the U.S. Finance control environment, covering both SOX and non-SOX areas, with governance oversight of the regulatory reporting controls function.

• Establish and maintain a comprehensive controls governance framework for U.S. Finance regulatory reporting, including policies, standards, templates, and procedures.
• Lead the creation, maintenance, and governance of the controls documentation inventory across the U.S. Finance regulatory reporting function.
• Coordinate with business process owners to ensure controls documentation is current, accurate, and aligned with existing processes and regulatory requirements.
• Manage the lifecycle of controls documentation, including updates, version control, and compliance with governance standards.
• Evaluate the design and operational effectiveness of controls related to regulatory and financial submissions, identifying gaps or deficiencies.
• Review observations and findings from controls assessments, conduct root cause analysis, and manage remediation of identified control gaps.
• Ensure compliance with regulatory requirements related to reporting to entities such as the FRB, OCC, and FINRA.
• Provide advice to management on overall risk assessments, residual risk evaluation, and the improvement of control environments within U.S. Finance regulatory reporting.
• Lead FRB examination readiness activities, including preparation of controls documentation, evidence packages, and readiness assessments.
• Work closely with internal audit, regulators, management teams, and business partners to facilitate audits, control reviews, and examination activities.
• Coordinate all internal audit engagements related to U.S. Finance controls and regulatory reporting, ensuring timely response to audit requests and findings.
• Prepare reports and present findings to senior management, recommending corrective actions and process improvements as necessary.
• Train and mentor Associate and Analyst staff on controls governance, documentation standards, regulatory requirements, and audit engagement processes.

Must haves:

• Bachelor's degree in Accounting, Finance, or a related field.
• 5-10 years of experience in internal controls, risk management, audit functions, or regulatory and financial reporting within a financial services environment.
• Strong knowledge of regulatory reporting requirements for financial services, including demonstrated experience with regulators such as the FRB, OCC, and FINRA.
• Experience in both SOX and non-SOX environments, with the ability to assess the design and operating effectiveness of controls.
• Advanced proficiency in Excel and SharePoint for documentation management and governance.
• Demonstrated ability to coordinate with various teams and manage the remediation of findings and control deficiencies.
• Excellent communication and stakeholder management skills, with a proven ability to work with senior leadership and regulatory bodies.
• Strong collaboration and relationship management skills with the ability to manage ambiguity to drive impactful outcomes.
• Outstanding oral communication and presentation skills with experience facilitating discussion and building consensus.
• Capability to manage complex business requirements and coordinate across multiple teams in a deadline-driven environment.

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 competitive compensation, bonuses, and flexible benefits
• Continued opportunities for career advancement
• Professional development and training opportunities focused on controls governance and regulatory compliance
• Support from a dynamic, collaborative, progressive, and high performing team, as well as world-class tools and training
• Opportunity to achieve great success and grow your career with RBC

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,…