Manager, Enterprise Hedge Accounting

Job Summary

You will manage the financial control responsibilities in the Wholesale Finance group with the objective of delivering timely, accurate and reliable financial information.

In this capacity, you will be 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.

Job Description

What is the Opportunity?

You will manage the financial control responsibilities in the Wholesale Finance group with the objective of delivering timely, accurate and reliable financial information.

In this capacity, you will be 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 will you 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 do you need to succeed?

Must-have

• Solid knowledge of complex financial instruments and transactions, together with a willingness and interest in developing that knowledge.
• Ability to analyze complex subject matter and propose solutions.
• 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
• 3+ years of experience in capital markets / finance related area

What's in it for you ?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper.

We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
• Leaders who support your development through coaching and managing opportunities.
• Ability to make a difference and lasting impact.
• Work in a dynamic, collaborative, progressive, and high-performing team.
• A world-class training program in financial services.
• Opportunities to take on progressively greater accountabilities.

Job Skills

Accounting, Accounting Finance, Decision Making, Financial Planning and Analysis (FP&A), Group Problem Solving, Long Term Planning, Organizational Savvy and Politics, Project Management, Strategic Thinking, Time Management