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Enterprise Derivatives Reporting Manager

2 months ago


Toronto, Ontario, Canada Royal Bank of Canada Full time
Job Summary

The Royal Bank of Canada is seeking a highly skilled Enterprise Derivatives Reporting Manager to join our team. As a key member of our financial reporting team, you will be responsible for supporting the efficient and effective delivery of enterprise-wide derivatives reporting processes and disclosures.

Key Responsibilities
  • Derivatives Reporting: 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.
  • Process Improvement: Support the implementation of process changes to drive efficiency and meet changing external requirements, while maintaining an exceptional control environment.
  • Regulatory Reporting: Prepare regulatory reports while ensuring accuracy and timely delivery.
  • System Testing: 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.
  • Financial Analysis: Prepare derivative netting entries, reconciliations, and variance analysis for review by team members or manager in support of monthly and quarterly close processes.
  • Process Documentation: Prepare and maintain process documentation, accounting guidance, and operational guidance for assigned financial disclosures and regulatory returns.
  • Stakeholder Collaboration: Collaborate with internal and external stakeholders for completion of other critical tasks, including working with internal and external auditors to ensure effectiveness of internal controls and audit of external disclosures.
  • Process Improvement: Provide and implement recommendations on process improvements, automation, and opportunities to enhance controls and/or processes.
  • Team Collaboration: Be an active participant in cross-training with other team-members to ensure team resilience and business continuity planning.
Requirements
  • Experience: 4+ years relevant experience in the financial services industry and/or accounting/finance reporting environment.
  • Skills: 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.
  • Education: Chartered Professional Accountant designation, or International equivalent and/or Charted Financial Analyst.