Associate Director, Financial Control

Royal Bank of Canada•Jersey City, NJ

4h•Onsite

About The Position

Lead financial and management reporting for RBC’s U.S. Broker-Dealers (RBC Capital Markets LLC and RBC CMA Ltd.), driving strategic analytics and process optimization to enhance decision-making for senior leadership. Oversee critical financial control functions with a focus on risk mitigation and operational excellence. Candidate will have accounting and financial reporting responsibilities over the month-end close processes, as well as develop and perform financial analysis to support senior management in understanding the financial results of RBC’s U.S. Broker-Dealers.

Requirements

Minimum 7 years’ experience within a financial services/broker dealer environment.
Proficient knowledge of US GAAP and IFRS accounting requirements.
General understanding of SEC and FINRA regulatory reports.
Experience leading teams and influencing across a global-matrixed environment.

Nice To Haves

CPA preferred.
Advanced degree in Accounting, Finance or Business a plus.
Strong financial and analytical skills
Clear, confident communicator with the ability to distill complexity into actionable insight
Strong operational discipline with a bias toward execution, accountability and enhancing controls.
Strong collaboration and relationship management skills.

Responsibilities

Ensure the financial reporting and related information for the U.S. Broker-Dealers and subsidiaries, are reported accurately and on a timely basis with appropriate commentary and in-depth analysis.
Responsibility for monthly consolidation of the results of the U.S. Broker-Dealers and their subsidiaries through equity pick-up and ensuring investment in subsidiaries reconciles back to subsidiaries' equity.
Responsibility for various RBC Head Office templates/reports at month-end, quarter-end and year-end under IFRS and US GAAP for the U.S. Broker Dealers and subsidiaries.
Lead the annual financial statement audits for the U.S. Broker-Dealers, including planning, footnote disclosures workpapers compilation, and serving as point person for audit inquiries.
Drive an effective control environment over financial reporting via appropriate controls documentation and execution.
Review reconciliations of general ledger balances including suspense, intergroup, eliminations etc.; coordinate the investigation and resolution of discrepancies on a timely basis.
Oversee attestation packages and review related reconciliation processes for the monthly Standards of Documentation package, including establishing control enhancements to reduce errors.
Compile the Finance Month-end SOX memo to disclose significant issues and non-routine adjustments discovered during the month-end close.
Support internal audit process with the maintenance of SOX controls/compliance requirements by serving as point person for audit inquiries and SOX walkthroughs.
Drive efficiency through AI and process automation initiatives (i.e. Alteryx etc.) to streamline financial reporting workflows.
Lead finance transformation initiatives to integrate finance ERP systems, automation, analytics and optimizing finance operating model and processes.
Provide support for the implementation of new accounting standards/updates under IFRS and US GAAP.
Support various Ad Hoc inquiries and requests as needed
Drive performance and accountability with responsibility for setting clear, bold, ambitious team and individual goals that align to organizational priorities, including simplifying work and removing barriers.
Ensure that employees understand RBC’s purpose, values and behaviors that elevate the team’s collective performance with measurable outcomes.
Promote a safe, inclusive and accessible environment that brings out the best in people and reinforces a sense of belonging, trust and well-being.
Contribute to an exceptional employee experience through strong people leadership practices that invest in potential, gives honest feedback and removes barriers to performance.

Benefits

bonuses
flexible benefits
competitive compensation
commissions
stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
A world-class training program in financial services
Flexible work/life balance options
Opportunities to do challenging work
401(k) program with company-matching contributions
health, dental, vision, life and disability insurance
paid time-off plan