Associate Director, Wholesale Financial Control

Job Description

What is the opportunity?

The Associate Director, Wholesale Financial Control is a key leader in Capital Markets Finance, collaborating with stakeholders from the trading desks, risk management, operations, IT and other Finance functional areas to develop and sustain effective and efficient governance and controls over the financial results. This role will lead a team of accounting professionals striving to be Finance experts and value-added advisors to the front office while operating and improving financial governance and control processes. If you are proactive, self-motivated, excited about finding creative solutions to interesting problems, and interested in building a career within a world-class financial institution, this is a great opportunity for you.
  
For forward-thinking and results-focused leaders, this is an opportunity to join the Capital Markets Financial Control team of Canada's largest company, frequently ranked as one of the top companies to work for in Canada.  RBC is internationally recognized for its commitment to innovation, diversity, customer satisfaction and corporate social responsibility.

RBC Capital Markets is an innovative and dynamic platform with a diverse product set and fast pace of continuous change, which provides ample scope for learning and career growth. You will be joining the Global Markets Finance team, which comprises our debt, equity, FX and commodities sales and trading businesses as well as our Central Funding Group, which optimizes the cost and availability of funding for Capital Markets operations. We care about each other, reaching our potential, making a difference to our communities, and achieving success through teamwork and collaboration.

What will you do?

• You are the Quarterback for Finance with respect to accounting issues, orchestrating relevant activities through functional partners to enable Front Office transactions. As a result, you will:
  • Create relationships with the business and other key stakeholders (e.g., Product Control, Performance Management, IT, Risk Management, Accounting Policy, Tax, Capital and other Enterprise Finance partners) striving to be a trusted business partner and the first port of call in resolving finance-related issues.
  • Develop an understanding of the results of your businesses and key drivers for accounting variances, aiming to provide value-added advice as the business transforms and adapts to accommodate changes in client needs and the economic environment.
• Control and governance over the financial position and performance of each business area and flawless execution of close processes -- including review of financial and regulatory submissions (e.g., journal entries, templates) -- is fundamental to your role. You will:
  • Review and execute monthly, quarterly and annual financial close processes and attestations, ensuring the timely production of accurate financial and regulatory results and disclosures.
  • Manage internal and external auditor support, including review and development of SOX and other process documentation.
• Continuous process improvement and system change are critical to your role. You will help to enable GM FC to spend more time on value-added analytics and less time on manual process:
  • Work on initiatives to transform the efficiency and effectiveness of financial control processes, for example, through designing controls and governance procedures with an appropriate risk-based lens; enhancing processes for better flows; automating manual processes or optimizing data strategies.
  • Collaborate with others in the CM Finance team to identify opportunities to understand flows on an end-to-end basis, leveraging the diverse expertise of different stakeholders to identify viable and actionable opportunities for improvement.
• You will lead a small team, enabling high performance through active coaching and candid feedback, with an eye to longer term development of each team members' skills and capabilities.

What do you need to succeed?

Must Have

• CPA or equivalent designation, evidenced by a strong knowledge and understanding of financial reporting under IFRS accounting standards and internal controls over financial reporting.
• Curiosity to explore better ways of working while maintaining a strong governance mindset, accompanied by a drive to take ownership for and resolve issues with a sense of urgency.
• Excellent analytical thinking and acute attention to detail.
• Excellent leadership, communication, and interpersonal skills – ability to work with people at all levels within the organization.
• Ability to manage numerous priorities simultaneously amidst tight deadlines.
• High proficiency with computer applications, such as Excel, PowerPoint, and Access.

Nice to Have

• Exposure to Capital Markets businesses including some understanding of complex financial instruments and transactions relating to securities, derivatives and debt/equity issuances, together with a willingness and interest in deepening that knowledge
• Experience with RBC financial systems and associated procedures including EPM system knowledge also preferred
• 5+ years of high level involvement in Financial/management reporting
• People Management experience

Job Skills

Accounting, Accounting Finance, Accounting Policies, Decision Making, Financial Controlling, Financial Planning and Analysis (FP&A), Long Term Planning, Oral Communications, Organizational Savvy and Politics, Personal Initiative, Strategic Thinking, Team Management, Time Management

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

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