Hedge Accounting Analyst

2 months ago

Toronto, Canada Royal Bank of Canada> Full time

Job Summary

Job Description

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

Inclusion 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.
​​​​​​​
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

  • Hedge Accounting Analyst

    1 month 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...

  • Hedge Accounting Specialist

    4 weeks ago

    Toronto, Ontario, Canada Royal Bank of Canada> Full time

    Job SummaryJob DescriptionWhat is the opportunity?The Hedge Accounting Specialist will be responsible for managing financial control responsibilities in the Wholesale Finance group, 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...

  • Derivative Hedge Qualifications Specialist

    4 weeks ago

    Toronto, Ontario, Canada Scotiabank Full time

    About the Role:We are seeking a highly skilled Business Systems Analyst to join our Derivative Hedge Qualifications team at Scotiabank. As a key member of our team, you will be responsible for implementing Hedging Strategies under International Financial Reporting Standards (IFRS) to ensure the Bank qualifies eligible derivatives for hedge accounting...

  • Senior Business Systems Analyst

    2 weeks ago

    Toronto, Ontario, Canada Scotiabank Full time

    Job SummaryThe role of Senior Business Systems Analyst - Derivative Hedge Qualifications is to collaborate with the Derivative Hedge Qualifications team to implement Hedging Strategies under International Financial Reporting Standards (IFRS). Key responsibilities include investigating HAQS errors, resolving production issues, and ensuring seamless...

  • Manager, Hedge Qualification

    2 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...

  • Senior Financial Systems Analyst

    4 days ago

    Toronto, Ontario, Canada Scotiabank Full time

    Scotiabank Finance Job OpportunityWe are seeking an experienced Senior Financial Systems Analyst to join our team at Scotiabank, a leading bank in the Americas. This is a full-time position based in Toronto, Ontario, Canada.About the Role:The successful candidate will be responsible for implementing and maintaining our Hedging Strategies under International...

  • Derivative Hedge Qualifications Specialist

    4 weeks ago

    Toronto, Ontario, Canada Scotiabank Full time

    About the Role:We are seeking a highly skilled Business Systems Analyst to join our Derivative Hedge Qualifications team at Scotiabank. As a key member of our team, you will be responsible for implementing Hedging Strategies under International Financial Reporting Standards (IFRS) to ensure the Bank qualifies eligible derivatives for hedge accounting...

  • Financial Risk Analyst

    2 weeks ago

    Old Toronto, Canada Royal Bank of Canada Full time

    The Royal Bank of Canada is seeking a Financial Risk Analyst - Hedge Funds to join our team. As a key member of our Hedge Funds team within ICCM, you will be responsible for managing RBC's credit relationships with Hedge Fund managers.Key Responsibilities:Partner with all of RBC Capital Market's trading desks to ensure optimization of credit appetite, the...

  • Senior Derivative Hedge Specialist

    4 weeks ago

    Toronto, Ontario, Canada Scotiabank Full time

    About the Role:We are seeking a highly skilled Senior Derivative Hedge Specialist to join our team at Scotiabank. As a key member of our 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...

  • Manager, Derivative Hedge Qualifications

    1 month 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

    7 days 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 Expert

    1 month ago

    Toronto, Ontario, Canada Aon Full time

    About the RoleAon is seeking a highly skilled Senior Analyst to join our Products and Hedging Solutions team. As a key member of our team, you will be responsible for designing and developing robust Python processes for hedging, strategic asset allocation, scenario generator calibration, and financial reporting.Key ResponsibilitiesDesign and develop Python...

  • Senior Analyst, Products and Hedging Solutions

    6 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...

  • Manager, Derivative Hedge Qualifications, Accounting Policy and Procedure

    4 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

    6 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...

  • Analyst, Hedge Fund Credit Coverage

    3 weeks 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...

  • Manager, Derivative Hedge Qualifications

    3 weeks 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, Derivative Hedge Qualifications, Accounting Policy and Procedure

    4 months ago

    Toronto, Canada Scotiabank Full time

       Requisition ID: 204124Join 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, Derivative Hedge Qualifications

    1 month 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...

  • Accounting & Planning Analyst

    4 weeks ago

    Old Toronto, Canada Royal Bank of Canada Full time

    Job Summary Job Description 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 &...