Manager, Intragroup Reconciliations, Legal Entity Reporting (Canada)

What is the opportunity?

As a key member of the Legal Entity Reporting (Canada) Intragroup Reconciliation Team, the individual is responsible for reconciliations for the company intragroup (IG) account categories (Funding, Brokerage, Repos, Nostro/Vostro, AR/AP, Accrued Interest, Branch Equity, Positions, Clearings, Controls, NII, NIE, Non-Interest Income, MTM P&L, etc.).

The incumbent will also prepare quarterly IG memo and scorecard for senior management and external auditors; participate in projects relating to the enhancement of reconciliation capabilities / processes for all monthly intragroup reconciliations; and assist the company to implement control and governance programs from enterprise perspective.

What you will do?

• Prepare monthly intragroup Balance Sheet and P&L reconciliations, ensuring transactions are consistently reported by each legal entity
• Liaise with Financial Control, Product Control and Operations of all platforms of the bank to resolve reconciliation breaks
• Prepare monitoring reports for all IG balance sheet categories to identify outstanding issues and action plans
• Identify possibilities for reconciliation automation and enhancement
• Ongoing understanding of the nature of the accounts and their underlying relationships and involves constant communication with senior finance staff throughout the organization.
• Prepare variance analyses and understand reasons for variances
• Participate in enterprise-wide control and governance programs.
• Participate in annual SOX walkthroughs.
• Other duties and activities as assigned.

What do you need to succeed?

Must-have

• Accounting designation and MBA and/or undergraduate business degree.
• 3+ years' of professional experience, preferably in the Financial Services Industry.
• Knowledge of Capital Markets products, including derivatives, repos, brokerages, and funding, and / or Banking business.
• Strong communication and interpersonal skills, together with strong analytical and report writing skills.
• Ability to work independently and as a team to deal with reconciliation issues.
• Team player with a strong work ethic.
• Strong to Advanced Excel skills.

Nice-to-have

• Excellent project management skills
• Experience and understanding of RBCs businesses and transactions, and associated risks & returns.

Job Skills

Additional Job Details

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.