Senior Manager, Financial & Regulatory Reporting - Financial Instruments and Securities Reporting

October 30 2024
Industries Bank, Insurance, Financial services
Categories Bank, Insurance, Financial services, Financial Accounting
Toronto, ON • Full time

Job Summary

Job Description

What is the opportunity?

The Senior Manager, Financial & Regulatory Reporting - Financial Instruments and Securities Reporting is responsible to support the Financial & Regulatory Reporting Management team in providing accurate and timely financial information to the bank's shareholders and regulators, implementing process changes to drive efficiency or meet changing external requirement, and maintaining an exceptional control environment. The Senior Manager will be responsible for efficient and effective delivery of the enterprise-wide financial instruments classification, securities reporting processes and other disclosures. These processes are critical to providing governance and control and ensuring meaningful disclosures regarding RBC's financial instruments and securities portfolio are provided to Shareholders, Regulators, and the Analyst community. The role provides the opportunity to build relationships with senior members from across finance.

What you will do?

  • Lead the coordination, preparation, and reconciliation of financial statement disclosures, board materials and/or regulatory returns at the RBC Consolidated in accordance with timelines for monthly, quarterly and year end deliverables, in particular related to Financial Instruments and related items.
  • Translate and interpret financial information and conduct complex data analysis with large datasets working to identify patterns, trends or insights.
  • Analyze reports and related data for completeness, accuracy, consistency with other reported financial information, and data quality issues.
  • Resolve issues on behalf of internal and external stakeholders with respect to financial disclosures and regulatory returns.
  • Identify, propose, implement, and test reporting solutions for new financial and regulatory reporting initiatives/projects through interpreting requirements, and working with subject matter experts such as Accounting Policy Group, Platform Financial Controllers, Product Controllers, and Finance IT
  • Work with Internal and external auditors to ensure effectiveness of internal controls and audit of external disclosures.
  • Provide and implement recommendations on process improvements, automation, and opportunities to enhance controls and/or processes.
  • Build a resilient team (cross-trained) that are motivated and understand the RBC vision, as well as support and reinforce targeted behaviors that contribute to RBC goals.
  • Provide focus and clarity in establishing individual goals, driving performance management, supporting career development and rewarding strong performance.

What do you need to succeed?

Must-have

  • Professional Accounting or Finance Designation
  • 6+ years' experience in an accounting/finance and reporting environment, preferably in the financial services.
  • Strong analytical, organizational, and problem-solving skills; ability to drive process improvements and efficiencies.
  • Advanced technical knowledge of IFRS, particularly with respect to Financial Instruments
  • Excellent written and verbal communication skills, including ability to communicate effectively to senior executives and business heads.
  • Experience in people management with the demonstrated ability to empower a team to deliver results.
  • Ability to independently propose solutions to problems and recommend a course of action, in spite of incomplete information and complexity.
  • Experience managing and analyzing large data sets using advanced Excel functions.
  • Ability to manage timelines and project progress through both personal accountability and through coordinating and negotiating with stakeholders.

Job Skills

Audits Compliance, Communication, Critical Thinking, Detail-Oriented, Financial Reporting and Analysis, Industry Knowledge, Internal Controls, Knowledge Organization, Organizational Change Management, Team Management

Additional Job Details

Address:

20 KING ST W: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:

2024-10-30

Application Deadline:

2024-11-16

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.
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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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