Associate Director, Capital Interpretation & Policy

RBC - Toronto, ON (30+ days ago)

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What is the opportunity?

The Associate Director, Capital Interpretation & Policy will be part of the Financial Resource Optimization (FRO) team responsible for interpreting existing and pending Basel & OSFI capital guidelines (including Basel IV) for their impact to RBC thus supporting FRO’s optimal design, development and measurement of capital at a consolidated level. Appropriate and timely messaging of these regulatory changes will be key to keeping senior management, regulators and other stakeholders abreast of the impact of capital changes.

What will you do?

Assists the Director in assessing accounting issues or new business transactions to ensure optimal capital measurement & reporting: proactively identifies and articulates them, recommends solutions in order to ensure efficient business solutions and alignment between RBC’s capital reporting and financial reporting e.g. IFRS implementation and its impact on capital.
Supports RBC’s external discussions with regulators and at industry representation at Canadian Bankers Association committees.
Coordinates & assists in the completion of RBC’s submission of BCBS/OSFI’s semi-annual Basel III Monitoring and Reporting template (“QIS”) and other data regulatory data requests as they arise. QIS submissions provide senior management and regulators with information on impact & effectiveness of proposed policies and where additional jurisdictional discretion is needed.
Assists in the quarterly coordination and preparation of RBC’s Pillar 3 disclosure package which is prepared for RBC’s Disclosure Committee review and thereafter published externally. Assesses and monitors new Pillar 3 disclosure requirements to ensure compliance and appropriate adoption.
Coordinates and maintains FRO’s Capital Measurement procedural document on Regulatory and Economic Capital covering methodology and/or operational procedures. This is a key document that assists in meeting Basel III IRB compliance self-assessments requirements while providing insight into our capital processes.

What do you need to succeed?


Pertinent university level degree to meet technical requirements
5+ years’ experience in both regulatory capital and finance
Solid understanding of accounting and corporate finance principles and ability to articulate issues clearly both verbally or in written form including related implications.
Ability to analyze data to assist in better understanding capital impact


CPA Designation
Strong knowledge of RBC’s businesses, systems and reporting infrastructure

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
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in an agile, collaborative, progressive, and high-performing team
The opportunity to interface with senior level executives from many different parts of the organization

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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at

City: Toronto
Address: 155 Wellington St W
Work Hours/Week: 37.5
Work Environment: Office
Employment Type: Permanent
Career Level: Experienced Hire/Professional
Pay Type: Salary + Variable Bonus
Required Travel (%): 0-25
Exempt/Non-Exempt: N/A
People Manager: No
Application Deadline: 01/08/2020
Platform: CFO Group
Req ID: 203039

Ad Code(s):