Director, Central Funding & Equities Financial Control

RBC•Toronto, ON

4d•Onsite

About The Position

Establishing the control and governance framework over the financial reporting for each business area as well as ensuring flawless execution of close processes -- including review of financial and regulatory submissions (e.g., journal entries, templates). You will: Oversee the financial and regulatory reporting for all supported business lines to ensure the timely production of accurate financial and regulatory results and disclosures. Ensure that new products and new transactions are appropriately captured in RBC financial reporting systems, and that appropriate accounting methodologies are applied. In particular, prepare analyses that take into account IFRS accounting implications and external and internal reporting requirements including MD&A, B/S, P&L, note disclosures & supplemental formats. Manage the monthly Global Attestation review program to ensure proper financial controls supporting external financial results are in place. Ensure that global policies and procedures are adhered to by all stakeholders, including Product Control, Operations, and Head Office Financial and Regulatory Reporting. You are the quarterback for Finance with respect to accounting issues, partnering with other functional groups to support the accurate reporting of all Front Office transactions. As a result, you will Establish and maintain relationships with the business and other key stakeholders (e.g., Product Control, Performance Management, IT, Risk Management, Accounting Policy, Tax, Capital and other Enterprise Finance partners) striving to be a trusted business partner and the first port of call in resolving finance-related issues. Develop an understanding of the results of your businesses and key drivers for accounting variances, aiming to provide value-added advice as the business transforms and adapts to accommodate changes in client needs and the economic environment. Subject matter expert for accounting conclusion, data flows and related operational issues. Maintain technical knowledge and ensure Financial Control, Product Control, and Front Office teams are kept abreast of all new accounting developments Continuous process improvement and system change are critical to your role. You will help to enable Global Markets FC to spend more time on value-added analytics and less time on manual process by: Empowering the team to innovate and develop initiatives to transform the efficiency and effectiveness of financial control processes, for example, through designing controls and governance procedures with an appropriate risk-based lens; enhancing processes for better flows; automating manual processes or optimizing data strategies. Collaborate with others in the Wholesale Finance team to identify opportunities to understand flows on an end-to-end basis, leveraging the diverse expertise of different stakeholders to identify viable and actionable opportunities for improvement. Provide strategic business advice on the implementation of high priority new business initiatives as it relates to the Finance governance and reporting process, and collaborate with stakeholders across Front Office, Technology, Operations and Functional groups to ensure successful execution of the business strategy. Actively manage and represent Finance function on platform/global IT system projects/initiatives. You will lead a small team, enabling high performance through active coaching and candid feedback, with an eye to longer term development of your team member’s skills and capabilities. Lead and develop a team of finance professionals by providing proper training, coaching, clear direction and expectations. Ensure employees understand RBC vision and purpose, as well as encourage targeted behaviours that align to RBC Blueprint.

Requirements

CPA designation or equivalent
8-10 years of experience
Strong knowledge of relevant financial and regulatory accounting standards
People Management experience, with strong leadership and team building skills
Drive to take ownership of issues and ability to motivate and collaborate with individuals from different functional groups to drive resolution with a sense of urgency
Curiosity to explore improvements to the status quo and motivate the team to do the same
Excellent communication and presentation skills, including comfort presenting to Senior Management and an ability to explain complex issues in a concise and clear manner
Some exposure to Capital Markets businesses including an understanding of complex financial instruments and transactions relating to securities, derivatives and debt/equity issuances, together with a willingness and interest in deepening that knowledge

Nice To Haves

Experience with financial IT systems and associated procedures

Responsibilities

Oversee the financial and regulatory reporting for all supported business lines to ensure the timely production of accurate financial and regulatory results and disclosures.
Ensure that new products and new transactions are appropriately captured in RBC financial reporting systems, and that appropriate accounting methodologies are applied.
Prepare analyses that take into account IFRS accounting implications and external and internal reporting requirements including MD&A, B/S, P&L, note disclosures & supplemental formats.
Manage the monthly Global Attestation review program to ensure proper financial controls supporting external financial results are in place.
Ensure that global policies and procedures are adhered to by all stakeholders, including Product Control, Operations, and Head Office Financial and Regulatory Reporting.
Act as the quarterback for Finance with respect to accounting issues, partnering with other functional groups to support the accurate reporting of all Front Office transactions.
Establish and maintain relationships with the business and other key stakeholders (e.g., Product Control, Performance Management, IT, Risk Management, Accounting Policy, Tax, Capital and other Enterprise Finance partners) striving to be a trusted business partner and the first port of call in resolving finance-related issues.
Develop an understanding of the results of your businesses and key drivers for accounting variances, aiming to provide value-added advice as the business transforms and adapts to accommodate changes in client needs and the economic environment.
Act as a subject matter expert for accounting conclusion, data flows and related operational issues.
Maintain technical knowledge and ensure Financial Control, Product Control, and Front Office teams are kept abreast of all new accounting developments.
Empower the team to innovate and develop initiatives to transform the efficiency and effectiveness of financial control processes, for example, through designing controls and governance procedures with an appropriate risk-based lens; enhancing processes for better flows; automating manual processes or optimizing data strategies.
Collaborate with others in the Wholesale Finance team to identify opportunities to understand flows on an end-to-end basis, leveraging the diverse expertise of different stakeholders to identify viable and actionable opportunities for improvement.
Provide strategic business advice on the implementation of high priority new business initiatives as it relates to the Finance governance and reporting process, and collaborate with stakeholders across Front Office, Technology, Operations and Functional groups to ensure successful execution of the business strategy.
Actively manage and represent Finance function on platform/global IT system projects/initiatives.
Lead and develop a team of finance professionals by providing proper training, coaching, clear direction and expectations.
Ensure employees understand RBC vision and purpose, as well as encourage targeted behaviours that align to RBC Blueprint.

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