Forecasting and Planning Analyst

What is the opportunity?

Join RBC Bank in Raleigh, NC, a subsidiary of Royal Bank of Canada that provides cross-border banking advice and solutions for Canadians in the U.S., as our new Forecasting and Planning Analyst. In this role, you will support RBC Bank's growth and management of risk by supporting the Balance Sheet and Income Statement Forecasting process, preparing reporting and analysis for senior management, regulatory and Board purposes, assisting in the Capital Planning process, and supporting RBC IHC CCAR reporting and stress testing. You will support the Financial Planning and Data Strategy Director by ensuring adherence to RBC Bank data quality and governance policies and by driving improvement Additionally, you will be part of improvement initiatives and automation actions to enhance operational performance.

What will you do?

• Support Balance Sheet and Income Statement forecasting process and provide capital planning and stress testing support, including RBC Bank contribution to the RBC U.S. IHC CCAR exercise.
• Support reporting to senior management and the Board summarizing each forecasting exercise in the annual planning cycle and highlighting the bank's actual and forecasted performance as it relates to business drivers, risks and opportunities.
• Support annual Plan, 5-Year Outlook and quarterly forecast submission process.
• Assist in development of annual RBC Bank Capital Plan and associated stress testing process
• Support the forecasting, stress testing, and documentation preparation for RBC U.S. IHC CCAR requirements
• Provide financial analysis in support of business case / initiative development and performance tracking
• Entry and upload of the Planning & Forecast results within the Enterprise Performance Management system (EPM)
• Drive improvement initiatives and actions to enhance operational performance, analyze and redesign processes to eliminate efficiencies and work on automation projects.
• Maintain analytical systems used to support the identification, measurement and analysis of financial and business performance drivers.
• Responsible for maintaining and developing models used to support the forecasting process
• Assist in the preparation of materials to summarize annual Plan, 5-Year Outlook and quarterly forecasts to senior management and the Board
• Support the preparation of materials to auditors as well as external reporting or reporting required by bank regulators.

What do you need to succeed?

Must-have

• BS/BA in Finance or higher degree
• 4-6 years of financial planning, forecasting and analysis experience
• Experience managing large amounts of data in order to develop reporting and analysis for strategic decision making and presenting the information to senior leaders
• Advanced Microsoft Excel skills (e.g. Advanced Formulas and Functions, Pivot Tables, Macros and VBA)
• Prior experience implementing process transformations

Nice-to-have

• 2-3 years of experience in the banking industry
• Experience with data reporting, ETL tools and data visualization tools(e.g. Tableau)

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 competitive compensation, bonuses, and flexible benefits
• Continued opportunities for career advancement
• World-class sales training, coaching, and development opportunities
• 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

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