Associate Director, Wholesale Financial Control

2 weeks ago

Toronto, Canada Royal Bank of Canada Full time

**Job Summary**

**What 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 Regulations

**Additional Job Details**

**Address**:
ROYAL BANK PLAZA, 200 BAY ST: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**:
2024-06-24

**Application Deadline**:
2024-08-26

**I**nclusion** 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.

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