Senior Manager, Financial and Regulatory Reporting Initiatives

Job title:

Senior Manager, Financial and Regulatory Reporting Initiatives

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the Opportunity?Working with the Director, Financial and Regulatory Reporting Initiatives, the Senior Manager, Financial and Regulatory Reporting Initiatives, will be responsible for leading and managing the implementation of new regulatory, financial, and accounting requirements including Intake and Analysis, and interpreting new rules and regulation and manage the process of delivering accurate, timely, consistent and value-added reporting to Senior Management and Financial Information Committee (FIC) agencies OSFI, Bank of Canada and CDIC and Statistics Canada. Additionally, the Senior Manager will work with the Director to enhance the systems, processes, and controls ensuring data integrity in our reporting. The role requires an individual who has strong technical, project management and analytical abilities, is an effective communicator and shows willingness to acquire new skills and industry knowledge .What you will do?

• As a key member of the Financial and Regulatory Reporting (FRR) Initiative team the individual will be responsible for leading and implementing new accounting / regulatory requirements including analyzing and interpreting new rules and regulations, assessing reporting implications, designing, and coordinating data collection processes and reporting templates, actively exploring report automation opportunities, communicating and providing guidance to finance units on new reporting requirements.
• Participate in industry working groups to discuss preliminary plan for implementing the change required by regulatory developments and assign primary ownership to the business partners.
• The Senior Manager is responsible for assessing the potential impact of the regulatory changes and communicating the same to stakeholders’ business, legal group, and compliance. Recommend potential course of action the bank should adapt in terms of new process, policies, and procedures.
• The Senior Manager is responsible for ongoing design, implementation, and maintenance of certain key control processes. The position requires good understanding of regulatory / financial requirement, ongoing communication with regulators and business units in various geographic locations is required to resolve reporting differences / issues.
• Lead and review the CDIC annual reporting and by law changes and provide guidance related to CDIC related issues including Fast Insurance Determination Certification – which involves extensive knowledge of CDIC rules, existing CDIC reporting and deposit products including source systems.
• Work with internal and external auditors as required and support the audit deliverables.
• Continually enhance Finance operational excellence by identifying better/automated processes and controls

What do you need to succeed?Must Have

• 5+ years relevant reporting/business experience and working with various automation tools and large data set.
• Ability to process complex legislative/regulatory matters and apply it operationally.
• Accounting designation CA, CGA, or CMA
• Strong leadership, problem solving and collaboration skills.
• Excellent oral/written communication skills with presentation ability to dissect complex industry rules and regulations that would resonate with employees at all levels of business.
• Strong knowledge of risk management principles and control
• Strong technical skills including advanced excel skills.
• Self-motivated and well-organized

Nice to Have

• Strong knowledge of RBC systems, products and reporting processes and exposure to CDIC reporting

Job Skills Client Counseling, Commercial Acumen, Critical Thinking, Decision Making, Finance, Financial Reporting and Analysis, Large Group Presentations, Long Term Planning, Organizational Change Management, Results-OrientedAdditional 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: 2025-02-10Application Deadline: 2025-02-25Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion 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

Wed, 12 Feb 2025 08:52:53 GMT

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