Posted in

Manager – Enterprise Hedge Accounting

Manager – Enterprise Hedge Accounting

CompanyRoyal Bank of Canada
LocationToronto, ON, Canada
Salary$Not Provided – $Not Provided
TypeFull-Time
Degrees
Experience LevelMid Level, Senior

Requirements

  • 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.
  • Technical competence in relevant financial and statutory accounting standards.

Responsibilities

  • 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.
  • 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.

Preferred Qualifications

  • Strong knowledge of the RBC financial systems
  • Accounting designation or CFA
  • 3+ years of experience in capital markets/finance related area