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Job Summary

Job Description

What is the opportunity?

The Associate Director - Wholesale Financial Control is a key leader in Capital Markets (CM) Finance, collaborating with stakeholders from front office, risk management, operations, IT and other Finance functional areas to develop and sustain effective and efficient governance and controls over financial results. This role will lead a team of accounting professionals striving to be Finance experts and value-added advisors to CM businesses while operating and improving financial governance and control processes. We are seeking a proactive, self-motivated individual who is excited about finding creative solutions to interesting problems while striving to build a fulfilling career within a world-class financial institution.

What will you do?

Be an active functional partner and co-pilot to CM Finance businesses, enabling front office transactions to be completely and accurately reported in RBC’s financial results.

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 to provide finance & accounting solutions.
  • 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 economic environment.
  • Review and ensure new products and transactions are appropriately captured in RBC financial systems, including the appropriate use of GLs and financial statement reporting lines.

Provide controls and governance over the financial position and performance of each business area and flawless execution of financial statement close processes - including review of financial and regulatory submissions (e.g., journal entries, templates).

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 requests, lead legal entity audits and provide accounting guidance over disclosures and related matters.
  • Ensure SOX and RBC EUDA documentation compliance and completeness including any new controls/processes.

Oversee continuous process improvement and system changes, streamlining manual processes to focus on value-added analytics and insights:

  • Lead 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 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 your team member’s 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.
  • Excellent leadership, communication, and interpersonal skills – ability to work with people at all levels within the organization.
  • 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.
  • 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 consolidation, derecognition, and securitization, together with a willingness and interest in deepening that knowledge.
  • Experience with RBC financial systems and associated procedures including EPM system knowledge.
  • 5+ years of high-level involvement in Financial/management reporting and internal controls
  • People Management experience

Job Skills

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

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:

2024-01-24

Application Deadline:

2024-02-08

Inclusionand 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.

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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.

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Deadline: 13-03-2024

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