Manager, Enterprise Hedge Accounting
Job Summary
Job Description
What is the Opportunity?
The Manager, Enterprise Hedge Accounting 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 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. Assess related financial reporting impact, coordinate and execute implementation plan.
What 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
Job Skills
Analytical Thinking, Communication, Cross-Departmental Collaboration, Decision Making, Derivatives, Detail-Oriented, Finance, Financial Instruments, Financial Reporting and Analysis, Generally Accepted Accounting Principles (GAAP), Hedge Accounting, Industry Knowledge, Professional Networking, Relationship Building, Reporting Management, Results-Oriented, Strategic Thinking, Taking Initiative, Teamwork, Time ManagementAdditional Job Details
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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 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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