Director, ESG Reporting – Policy & Advisory

Job title:

Director, ESG Reporting – Policy & Advisory

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?For forward-thinking and results-focused leaders, this is an opportunity to join the Enterprise Finance & Controllership team of Canada’s largest company, frequently ranked as one of the top companies to work for in Canada. RBC is internationally recognized for its commitment to innovation, diversity, customer satisfaction and corporate social responsibility. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.The Enterprise Finance & Controllership function serves a critical role in telling the story of RBC’s financial results to the public through the quarterly and annual Report to Shareholders, providing advice on complex accounting issues through a strategic lens, maintaining strong financial reporting internal controls and data governance practices, and enabling strategic planning, forecasting, and management of financial performance to meet the Bank’s overall financial objectives. As part of the Enterprise Finance & Controllership group in our Toronto head office, you will be part of a collaborative team culture that strives to challenge ourselves to be our best, think progressively to keep growing, and work together to deliver collective results.This role will have a focus on Environmental, Social and Governance (ESG) Reporting and offers the opportunity to be at the forefront of building critical ESG reporting infrastructure from the ground up, and to collaborate with and build relationships with senior members from across Finance, Corporate Citizenship, Law, Risk Management, Communications, Investor Relations, Human Resources, and Strategy. This role will help advance priority ESG initiatives across the bank, including supporting the establishment of an ESG policy and advisory function from the ground up and preparing for future ESG disclosure regulations and standards. You will work in a dynamic environment that provides the opportunity to bring your unique perspective and approach to the role, including adapting the role to address evolving Finance priorities and operating models.This is a high-profile leadership role and is an ideal position from which to develop an understanding of the sustainability matters that impact RBC, build technical and leadership skills, and develop strong relationships across the Bank. You would be a great match for this role if you have experience in accounting policy development, disclosure gap assessments, navigating, interpreting, and implementing new and complex accounting standards involving a variety of stakeholders, and familiarity with ESG reporting frameworks and regulations. You might describe yourself as a self-starter, are able to investigate issues in detail, step back and understand the business and risk lens at a birds eye view, and can effectively communicate difficult concepts to senior executives.What will you do?

• Play a key role in developing an overall project plan, timelines, and accountabilities for implementation of future ESG reporting standards and regulations
• Monitor and keep abreast on relevant developments and guidance from key bodies, including the International Sustainability Standards Board (ISSB), OSFI, and the European Union (Corporate Sustainability Reporting Directive)
• Establish processes to gap assess RBC’s current ESG disclosures against future ESG reporting requirements, including developing and setting expectations with various content owners/contributors across the Bank
• Design and implement an approach for ESG policy development and documentation, including building a corporate sustainability accounting policy manual
• Partnering with various internal stakeholders, assist in developing and implementing an approach to support subsidiaries’ ISSB/CSRD requirements and timelines, with the objective of ensuring subsidiary-level approaches, methodologies, policies, and frameworks are consistent with those at the group-level
• In collaboration with various key internal stakeholders, support development and implementation of materiality frameworks and assessments
• Review and provide advisory services to internal stakeholders across RBC on treatment of errors, changes in estimates, and changes in structural and reporting boundaries (i.e. acquisitions) impacting ESG metrics, including assessing disclosure impacts
• Shape future ESG-related disclosure requirements by leading or supporting advocacy efforts on developments impacting RBC’s ESG-related disclosures
• Liaise with industry peers on ESG disclosure matters as needed through industry associations (e.g., Canadian Bankers Association)
• Assess and evaluate the impact of new ESG-related disclosure and financial reporting requirements
• Enable a one-team approach to CFO Group deliverables, including supporting our external reporting process for the quarterly and annual Report to Shareholders by performing detailed reviews of MD&A sections and drafting disclosures, where applicable
• Drive progress and contribute to strategic initiatives within the Chief Accountant’s Group and more broadly within the CFO Group
• Assist in the preparation of ESG-related materials for senior executives, our CFO, and the Board/Audit Committee
• Develop strong business partner relationships to foster greater understanding of key disclosures standards and emerging methodologies
• Contribute to a collaborative, team-first environment and bring your unique perspective and curiosity to set ambitious goals, drive process improvements, and challenge the status quo
• Liaise with the external and internal auditors on ESG reporting policy issues and implementation of future standards, as needed

What do you need to succeed?Must-have

• Chartered Professional Accountant designation
• 7-10+ years of relevant work experience in an accounting policy or similar role
• Excellent written and verbal communication skills, including ability to communicate effectively to executives and draft clear, succinct and appropriate correspondence and documents
• Demonstrated leadership abilities in a cross-functional setting
• Strong analytical, organizational and problem-solving skills; including ability to recommend practical solutions to complex challenges in a dynamic environment
• Proactive, pragmatic, and forward-thinking approach
• Ability to manage multiple priorities, while knowing when to escalate and ask for support
• Curiosity to learn new ways to do things, willingness to challenge the status quo, and ability to drive process improvements and efficiencies
• Strong interpersonal skills; specifically able to act as change agent, facilitator and collaborator
• Self-starter – enthusiasm and willingness to learn to get up to speed and stay abreast of constantly evolving developments
• A “one team” mindset and willingness to support and contribute to broader Finance goals and objectives

Nice-to-have

• Strong understanding of ESG regulatory disclosure requirements and risk landscape
• Solid understanding of financial institutions, including all facets of RBC’s business and other activities with strong business acumen
• ESG-related experience and/or familiarity with ESG-related frameworks such as TCFD, ISSB, SASB, GRI, CSRD, etc. is highly desirable

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: 20 KING ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: Office of the CFOJob Type: RegularPay Type: SalariedPosted Date: 2024-05-21Application Deadline: 2024-06-05Inclusion 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

Thu, 23 May 2024 06:07:40 GMT

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