Hedge Accounting Analyst

3 months ago

Toronto, Canada Royal Bank of Canada Full time

**Job Summary**

**What is the opportunity?**

The Hedge Accounting Analyst will be responsible to manage the financial control responsibilities in the Wholesale Finance group with the objective of delivering timely, accurate and reliable financial information and working on 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 you will do?**
- Ensure the provision of accurate and complete Financial and Regulatory Reporting for Wholesale Finance results.
- Manage end-to-end hedging workflows and system operations
- Prepare daily inception documentation through validating transaction details; performing effectiveness testing and monitoring counterparty credit risk
- Identify and assist in system and process enhancement initiatives
- 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.
- 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, including IBOR Reform. Assess related financial reporting impact, coordinate and execute implementation plan.

**What you need to succeed?**

**Must Have**
- Knowledge of complex financial instruments and transactions, together with a willingness and interest in developing that knowledge.
- Highly developed communication, interpersonal and negotiation skills are considered necessary for the success of this role. Strong financial, analytical, judgmental and conceptual skills.
- Ability to manage operations workflows and process improvement experience
- Excellent presentation and report writing skills.
- Strong team skills and work ethic.
- Hedge accounting knowledge is an asset.
- Technical competence in relevant financial and statutory accounting standards

**Nice to Have**
- Strong knowledge of the RBC financial systems
- Accounting designation or CFA

**Job Skills**

Accounting, Business Mathematics, Decision Making, Detail-Oriented, Financial Planning and Analysis (FP&A), Financial Reporting and Analysis, Group Problem Solving, Oral Communications, Results-Oriented, Teamwork

**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**:
2024-10-09

**Application Deadline**:
2024-10-26

**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.

**Join our Talent Community**

Stay 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.

  • Senior Business Analyst, Hedge Qualification

    2 weeks ago

    Old Toronto, Canada Scotiabank Full time

    Job SummaryWe are seeking a skilled Senior Business Analyst to join our team in Toronto, Ontario. As a key member of the Accounting Policy and Procedures Group, you will be responsible for implementing hedging strategies under International Financial Reporting Standards (IFRS) to ensure the Bank qualifies eligible derivatives for hedge accounting...

  • Analyst, Global Markets Cb-hedge Funds

    4 weeks ago

    Toronto, Canada BMO Financial Group Full time

    100 King Street West Toronto Ontario,M5X 1A1 BMO Capital Markets is a leading, full-service financial services provider. We offer corporate and investment banking, treasury management, as well as research and advisory services to clients around the world. #bmocapitalmarkets The Analyst will be part of Global Markets Corporate Banking team that is...

  • Global Markets Financial Analyst

    3 weeks ago

    Toronto, Ontario, Canada Bank of Montreal Full time

    We are seeking a highly skilled Global Markets Financial Analyst to join our team at BMO Capital Markets. As a key member of our Global Markets Corporate Banking team, you will be responsible for supporting Account Management in making hedge fund credit recommendations.Key ResponsibilitiesResearch and analyze financial information relating to Hedge Funds and...

  • Manager, Hedge Qualification

    4 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 207011 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Contribute to the overall success of Accounting Policy and Procedures Group. The incumbent implements Hedging Strategies under International Financial Reporting Standards (IFRS) to ensure the Bank qualify eligible derivatives for...

  • Accounting Specialist with Hedge Strategy Expertise

    4 weeks ago

    Old Toronto, Canada Scotiabank Full time

    Accounting Specialist Role at ScotiabankScotiabank is a leading bank in the Americas, guided by our purpose: 'for every future.'We offer a competitive rewards package including performance bonus, employee share ownership program, and pension plan matching.This role involves implementing hedging strategies under International Financial Reporting Standards...

  • Manager, Derivative Hedge Qualifications

    3 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 209201 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Contribute to the overall success of Accounting Policy and Procedures Group. The incumbent implements Hedging Strategies under International Financial Reporting Standards (IFRS) to ensure the Bank qualify eligible derivatives for...

  • Manager, Derivative Hedge Qualifications

    2 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 209201 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Contribute to the overall success of Accounting Policy and Procedures Group. The incumbent implements Hedging Strategies under International Financial Reporting Standards (IFRS) to ensure the Bank qualify eligible derivatives for...

  • Senior Analyst, Products and Hedging Solutions

    7 months ago

    Toronto, Canada Aon Full time

    Aon is looking for a Senior Analyst, Products and Hedging Solutions. As part of an industry-leading team, you will help empower results for our clients by delivering innovative and effective solutions as part of our PathWise® Solutions Group (PSG) business group within Aon Reinsurance, in Toronto, Ontario. As a Senior Analyst, you will report directly...

  • Hedge Fund Accounting Manager

    16 hours ago

    Toronto, Canada State Street Full time

    **Who we are looking for** We are looking for bright, enthusiastic and hard-working individuals with a keen interest in learning about and accounting for complex investment transactions and structures in a dynamic, challenging and fast-paced work environment. Your success will be facilitated by the leading-edge technology infrastructure supported by...

  • Senior Financial Accountant

    4 weeks ago

    Old Toronto, Canada Scotiabank Full time

    With Scotiabank, you will have the opportunity to excel as a Senior Financial Accountant - Hedge Strategy Specialist. This role is available in our Toronto office.Job SummaryWe are seeking an experienced Senior Financial Accountant with a strong background in financial reporting and accounting principles to join our team. The successful candidate will be...

  • Manager, Derivative Hedge Qualifications, Accounting Policy and Procedure

    5 months ago

    Toronto, Canada Scotiabank Full time

    Is this role right for you? In this role, you will: Collaborate daily with front office and other business lines with their hedging requests. Review eligibility, identify the associated strategy or set up new strategies and complete required documentation. Ongoing monitoring of hedging relationships to ensure they continue to meet the requirements for...

  • Manager, Portfolio Hedge Qualification

    7 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 196581 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Contribute to the overall success of Global Accounting Policy and Procedures. The incumbent’s primary function is to assist immunizing Banks earning volatility adding values to business lines. This is achieved by implementing...

  • Derivative Hedge Strategist, Accounting Policy and Procedure Specialist

    2 weeks ago

    Old Toronto, Canada Scotiabank Full time

    Job OverviewWe are seeking a highly skilled Derivative Hedge Strategist to join our Accounting Policy and Procedure team in Toronto, Canada.The ideal candidate will have a strong background in finance and financial products, including derivatives. They will be responsible for implementing hedging strategies under International Financial Reporting Standards...

  • Analyst, Hedge Fund Credit Coverage

    2 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** **What is the opportunity?** The Hedge Funds team within ICCM is responsible for managing RBC’s credit relationships with Hedge Fund managers. The incumbent will partner with all of RBC Capital Market’s trading desks to ensure optimization of credit appetite, the use of trading lines and maximize revenue with Hedge Fund managers. The...

  • Hedge Fund Accountant/Fund Accountant

    4 weeks ago

    Toronto, ON, Canada SGGG Fund Services Inc. Full time

    SGGG Fund Services Inc. is hiring a Fund Accountant for its Fund Valuation (FV) department. As a member of one of our Client-focused Fund Valuation teams, the Fund Accountant is responsible primarily for producing a daily/weekly/monthly Net Asset Value per Unit (NAVPU) for each assigned Client portfolio, in an accurate and timely manner. Maintain the...

  • Manager, Derivative Hedge Qualifications

    2 months ago

    Toronto, Canada Scotiabank Full time

       Requisition ID: 209201Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Contribute to the overall success of Accounting Policy and Procedures Group. The incumbent implements Hedging Strategies under International Financial Reporting Standards (IFRS) to ensure the Bank qualify eligible derivatives...

  • Manager, Fund Accounting

    7 months ago

    Toronto, Canada Citco Full time

    Manager, Fund Accounting - Hedge Funds Toronto, Canada **About Citco** Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’...

  • Associate Director, Hedging, Planning and Analysis

    6 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 195044 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Balance Sheet Management (BSM) Hedging - Planning and Analysis, within Group Treasury, is responsible for developing policies and strategic framework for the Bank’s Structural Interest Rate Risk (SIRR) and Structural Foreign...

  • Manager, Derivative Hedge Qualification, Global Ap&p

    4 days ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 167951 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Job Purpose**: - Contribute to the overall success of Accounting Policy and Procedures Group. The incumbent implements Hedging Strategies under International Financial Reporting Standards (IFRS) to ensure the Bank qualify...

  • Supervisor, Fund Accounting

    7 months ago

    Toronto, Canada Citco Full time

    **About Citco** Citco is a global leader in fund services, corporate governance and related asset services with staff across 50 office locations worldwide. With more than $1.8 trillion in assets under administration, we deliver end-to-end solutions and exceptional service to meet our clients’ needs. **About the Team & Business Line**: Fund Administration...