Manager, Enterprise Derivatives Reporting

6 months ago

Toronto, Canada Royal Bank of Canada Full time

**Job Summary**

**What is the opportunity?**

The Manager, Enterprise Derivatives Reporting will be responsible for supporting the Senior Manager in efficient and effective delivery of the enterprise wide Derivatives reporting processes and disclosures.. These processes are critical to providing governance and control and ensuring meaningful disclosures related to RBC’s Derivatives portfolio are provided to Shareholders, Regulators and the Analyst community. The Manager will also support the implementation of process changes to drive efficiency and meet changing external requirements, while maintaining an exceptional control environment.

**What will you do?**
- Key member of the team in preparing and delivering RBC’s annual, quarterly and regulatory deliverables:

- Conduct complex data analysis with large datasets to identify trends, insights and analyze reports and related data for completeness, accuracy, consistency with other disclosure and identify data quality issues by using advance technical skills, automation and identify efficiencies/improvement on current process.
- Consolidate the monthly Derivatives portfolio to populate quarterly disclosures and monthly deliverables while adding transparency and maintaining financial controls
- Support the coordination of bank wide reporting of various disclosures such as but not limited to Derivatives disclosures, Offsetting Notes, IBOR disclosure, T106 reporting and Intergroup Derivative reconciliation process
- Prepare regulatory reports while ensuring accuracy and timely delivery
- Perform user acceptance testing in Enterprise Derivative Reporting System (eDR) for source system migrations to ensure that the accurate data elements are received by eDR.
- Prepare derivative netting entries, reconciliations and variance analysis for review by team members or manager in support of monthly and quarterly close processes
- Prepare and maintain process documentation, accounting guidance, and operational guidance for assigned financial disclosures and regulatory returns
- Collaborate with internal and external stakeholders for completion of other critical tasks:

- Work with internal and external auditors to ensure effectiveness of internal controls and audit of external disclosures
- Collaborate with Business Platforms, Finance, Counterparty credit risk team and eDR and sub ledger IT teams for reporting purposes
- Provide and implement recommendations on process improvements, automation, and opportunities to enhance controls and/or processes
- Be an active participant in cross-training with other team-members to ensure team resilience and business continuity planning
- Perform the GL booking difference analysis, and investigating the differences to fix the issues before books are closed
- Develop, maintain and enhance intercompany derivative trade vs. general ledger reconciliation report and to take initiatives to address the issues with business units and Information technology division and resolve the differences
- Perform the monthly and quarterly intercompany derivative trades matching process
- Build new business rules for intercompany derivative trades matching to eliminate the manual matching exercise
- Support and improve quarterly reporting on intercompany derivative reconciliation
- Prepare the Information Return of Non-Arm’s Length Transaction with Non-Residents (T106) reporting to tax group at the year end and to coordinate the efforts to collect and reconcile the information on a quarterly basis
- Actively work on implementing Enterprise Derivatives related project, driving to successful implementation

**What do you need to succeed?**

**Must-have**
- 4+ years relevant experience in the financial services industry and/or accounting/finance reporting environment
- Strong analytical, organization and problem solving skills; ability to drive process improvements and efficiencies
- Excellent computer skills (advanced Excel, Data3sixty Analyze and navigation through large datasets, Tableau)
- Advanced technical knowledge of IFRS, particularly with respect to Financial Instruments, specifically Derivatives and Offsetting of financial assets and liabilities
- Strong attention to detail and accuracy and ability to multi-task under tight deadlines
- Excellent written and verbal communication skills; interpersonal skills

**Nice-to-have**
- Chartered Professional Accountant designation, or International equivalent and/or Charted Financial Analyst.
- Strong understanding of financial institutions, including all facets of RBC’s business and other activities
- Desire to question the status quo and to be bold to make significant impactful changes
- Innovative, organized, able to handle and disseminate a significant amount of information from multiple sources

**Job Skills**

Accounting, Auditing (Inactive), Confidentiality, Detail-Oriented, Financial Accounting Systems, Financial Analysis, Financial Analysis and Reporting, Financial Controlling, Financial

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