Associate Director, Wholesale Financial Control

Job title:

Associate Director, Wholesale Financial Control

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?As the Associate Director, Wholesale Financial Control, you will manage the financial control responsibilities in the Wholesale Finance group with the objective of delivering timely, accurate and reliable financial information. In this capacity, you will be managing the reporting and production aspects of RBC’s Net Investment, Cash Flow & Fair Value hedge accounting programs thereby helping the bank mitigate its interest rate & FX risk.What will you do?

• Oversee the production of accurate and complete Financial and Regulatory Reporting involving RBC’s net investment, cash flow and fair value hedge accounting programs
• Review daily inception and other documentations through validating transaction details; validate effectiveness testing and monitoring of counterparty credit risk
• Manage end-to-end hedge accounting workflows, systems and operations
• Identify and lead in system and process enhancement initiatives
• Ensure accurate external reporting, including FS, note disclosures, regulatory reporting & management reporting
• Maintenance of the monthly review program to ensure financial controls are in place and the appropriate reconciliations are completed. Ensure that global policies and procedures are adhered to by all stakeholders, including Product Control, Operations, and Head Office Statutory & Regulatory Reporting to ensure consistency and adequacy of reconciliations
• Assist in the investigation of all financial and regulatory reporting matters. Maintain technical knowledge and keep abreast of all new accounting developments including hedge accounting changes
• Support the operational execution and implementation of new accounting standards. Assess related financial reporting impact, coordinate and execute implementation plan
• Responsible to ensure new hedges, products and transactions are appropriately captured in RBC Financial Reporting Systems, including the appropriate use of GLs and Financial Statement reporting lines
• Ensure SOX and RBC EUC documentation compliance and completeness including new controls/ process
• Participate in ad-hoc projects as directed by reporting manager

What you need to succeed?Must-have

• CPA or other finance designation as this mandate is highly dependent on using analytical and financial reporting skills commonly associated with accounting or finance designations
• In depth hedge accounting knowledge is a requirement
• Knowledge of complex financial instruments and transactions (including derivatives and hedge accounting), together with a willingness and interest in developing that knowledge
• Technical competence in relevant financial and statutory accounting standards
• Highly developed communication, interpersonal and negotiation skills are considered necessary for the success of this role. Strong financial, analytical, judgmental and conceptual skills
• Excellent presentation and report writing skills
• Strong team building skills and work ethic

Nice to Have

• Strong knowledge of the RBC financial systems

Job Skills Accounting, Audits Compliance, Financial Accounting Systems, Financial Analysis and Reporting, General Ledger Administration, Generally Accepted Accounting Principles (GAAP), Long Term Planning, Performance Management (PM), Tax RegulationsAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: Office of the CFOJob Type: RegularPay Type: SalariedPosted Date: 2024-06-24Application Deadline: 2024-08-26Inclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.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 .

Expected salary

Location

Toronto, ON

Job date

Tue, 25 Jun 2024 23:40:16 GMT

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