Royal Bank of Canada
Job title:
Director, Global Asset Management Finance
Company
Royal Bank of Canada
Job description
Job Summary
Job Description
What is the opportunity?
RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC GAM manages close to $600 billion of client assets globally and have approximately 1,700 employees located across Canada, the United States, Europe and Asia.
This opportunity is a key role within Global Asset Management (Finance) who will lead the planning, forecasting, analysis, driver-based reporting and financial controls of the GAM business. The purpose of the role is to provide business leaders value-add advice and actionable financial information to enhance performance and create shareholder value. It is also critical to ensure the overall integrity and completeness of financial results.
**This role can sit in either Toronto or Vancouver
What you will do?
Financial and Management Reporting
- Manage financial performance information for the GAM business. Responsible for the development of insightful analysis and actionable information to support business decisions.
- Work closely with GAM regional finance teams to ensure accuracy and completeness of GAM financial results and provide leadership for month end close processes and related deliverables.
- Oversee the GAM seed capital accounting function including governance, accuracy, and reporting.
- Act as a point of contact for the BlueBay finance team and responsible for high level oversight of global results including data integrity in sub-ledger and EPM.
- Provide accuracy, analysis and timely reporting of GAM operating results – notably AUM, Net Sales, Eliminations, Revenue, NIE and Taxes to diverse stakeholders.
- Proactively take ownership of RBC standard quarterly disclosures to RBC Finance teams as well as for GAM Leadership Committee reporting packages.
- Act as an advisor for any eGL account / transit queries and assist with internal and external audits and integrity of GAM balance sheet and income statement.
- Responsible for reviewing assigned account reconciliations, SODs and PEGA Attestation processes and provide oversight for clearing of outstanding items.
Business Advisory Support
- Provide financial reporting and advice to senior management in GAM business, Finance and functional areas through identification of issues and ongoing monitoring as well as provide analysis of strategic initiatives.
- Effectively support the planning process with timelines, expectations, completeness and proactively present business and financial trajectories to GAM management.
- Work collaboratively with regional teams, BlueBay and other partners throughout the quarterly forecast, annual budgeting and 5YO processes; ensuring that respective trajectories are reasonable.
- Continuous development and maintenance of the suite of analytical reports covering key business drivers, including assets, sales, channels, products, fees and markets returns.
- Effectively understand, communicate, and lead financial implications and analysis of GAM sub-advisory and intra-group relationships across diverse GAM businesses.
- Initiate dialogue and develop an ongoing understanding of business strategies to ensure GAM Senior Management has a clear picture of the firm’s financials.
- Support senior executives in GAM and other local business heads on various business cases and proposals to support financial analysis for business growth, PARs and seed capital opportunities.
- Identify opportunities to streamline, enhance efficiencies and automate several key processes.
- Work on GAM related presentations, communicate process changes and provide financial and business review of emerging accounting changes to diverse stakeholders.
Manage a team of high performing individuals
What you need to success?
Must Have
- Accounting Designation (i.e. CPA)
- 7+ years of corporate finance or accounting experience in a senior role within a financial institution.
- Excellent interpersonal skills with a strong client service orientation – willingness to take all issues through to a successful resolution.
- Must be able to deal with a variety of issues on a concurrent basis with the ability to work within tight timelines and work with changing priorities.
- Strong team and people management abilities, and ability to play a leadership role across a wide group of peers
- Keen sense of numbers and strong analytical skills with ability to multitask and handle high-pressure executive level requests on a continuous basis
- Strong analytical skills with the ability to interpret and concisely summarize complex issues
Nice to have
- Knowledge or experience of Asset Management industry a plus
- Multiple stakeholder management skills
- Knowledge of RBC legal entity/management structure an asset
Job Skills Business Drivers, Corporate Financial Planning and Analysis (FP&A), Finance, Financial Accounting Systems, Financial Analysis, Financial Analysis and Reporting, Financial Forecasting, Management Reporting, Team Leadership
Additional Job Details
Address: RBC CENTRE, 155 WELLINGTON ST W:TORONTO
City: TORONTO
Country: Canada
Work hours/week: 37.5
Employment Type: Full time
Platform: Office of the CFO
Job Type: Regular
Pay Type: Salaried
Posted Date: 2024-03-08
Application Deadline: 2024-03-23
Inclusion and Equal Opportunity Employment
At 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.
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Expected salary
Location
Toronto, ON
Job date
Sun, 10 Mar 2024 06:45:26 GMT
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