Hedge Accounting Specialist

1 month ago


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

The Hedge Accounting Analyst will be responsible for managing financial control responsibilities in the Wholesale Finance group, delivering timely, accurate, and reliable financial information, and working on reporting and production aspects of RBC's Net Investment, Cash Flow & Fair Value hedge accounting programs.

Key Responsibilities
  • Ensure 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 for ensuring 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 and processes.
  • Participate in ad-hoc projects as directed by the reporting manager.
  • Ensure accurate external reporting, including FS, note disclosures, regulatory reporting, and management reporting.
  • Maintenance of the monthly review program to ensure financial controls are in place and the appropriate reconciliations are completed.
Requirements
  • 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.
  • 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.


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