Manager – Enterprise Hedge Accounting
Company | Royal Bank of Canada |
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Location | Toronto, ON, Canada |
Salary | $Not Provided – $Not Provided |
Type | Full-Time |
Degrees | |
Experience Level | Mid 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