Royal Bank of Canada
Job title:
Manager, Financial & Regulatory Reporting
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?The Manager, Financial and Regulatory Reporting role will be responsible to support the consolidation group within Financial and Regulatory Reporting on financial and regulatory matters. The group serves as the consolidation backbone of RBC. Consolidation entries are booked monthly, and our $100B+ investments are reported monthly. Emphasis is placed on controls within the team via various reconciliation activities and process automation as well as identification of upstream booking issues. The team is required to have expert knowledge of consolidation-related matters. The group operates in a team-based environment with significant interaction between team members.What you will do?
- Responsible for the preparation of the monthly Consolidated Subsidiaries and Equity Accounted Investments reporting package.
- Preparation of consolidation journal entries for the investments in subs related to the equity pickups, significant transactions, dividends, NCI etc.;
- Responsible for the monthly reconciliation of RBC’s Investment in Subsidiaries and various other reconciliations.
- Coordinate and prepare annual disclosures.
- Ongoing communication with key financial contacts within Head Office and each subsidiary.
- Maintain process documentation and Standards of Documentation (SOD’s) to support processes and general ledger balances under responsibility.
- Proactively look for ways to further streamline processes and enhance controls.
- Active participant in cross-training with other team members to ensure team resilience and business continuity planning.
What you need to succeed?Must Have
- 2+ years of experience in financial accounting or financial reporting role, preferably in the financial services or professional accounting services industries
- Strong analytical and problem solving skills
- Ability to drive process improvements and efficiencies
- Advanced Excel skills
- Excellent oral and written communication skills
Nice-to-have
- Accounting designation
- Understanding of consolidation accounting in a multi-currency environment would be an asset
Job Skills Audits Compliance, Critical Thinking, Detail-Oriented, Financial Analysis and Reporting, Industry Knowledge, Internal Controls, Knowledge OrganizationAdditional 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: 2024-05-08Application Deadline: 2024-05-23Inclusion 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
Fri, 10 May 2024 05:27:40 GMT
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