Manager, Wholesale Financial Control

RBC•Toronto, ON

8d•Onsite

About The Position

An exciting opportunity to join Wholesale (Capital Markets) Finance team. The Manager, Wholesale Financial Control, will act as the subject matter expert and key point of contact for the Mortgage Investment Group (MIG) business within RBC Capital Markets, with the objective of delivering timely, accurate and reliable financial information. The manager will support the internal and external reporting, disclosure requirements and control framework, as well as seek opportunities to streamline existing processes and participate in ad-hoc projects, while liaising and collaborating with various stakeholders across the Enterprise.

Requirements

Must-have CPA designation.
This mandate is highly dependent on using analytical and financial reporting skills commonly associated with accounting designations.
Verbal/written communication skills and track record of collaborating with business partners on a regular basis.
Knowledge of financial instruments and transactions relating to loans, securities, deposits and derivatives, together with a willingness and interest in developing that knowledge.
Detail-oriented and ability to handle large data sets.
Strong team building skills and work ethic.

Nice To Haves

Public accounting experience in external audit
Knowledge of RBC financial systems
Knowledge of financial products and services within a Financial Institution
Experience with end-to-end system flows and understanding of subledger/general ledger mappings

Responsibilities

Responsible for ensuring the accurate and complete Financial and Regulatory Reporting of Wholesale Finance results, specifically related to MIG.
Oversee the monthly General Ledger (GL) data, financial results and variances related to the MIG business to ensure accuracy, including monitoring of transactional flows and other intergroup activities, general ledger reconciliations and financial reporting templates.
Provide meaningful analysis of financial results to ensure accurate external reporting, including MD&A, B/S, P&L, note disclosures, regulatory reporting & supplemental formats.
Maintenance of the monthly review program to ensure financial controls are in place and the appropriate reconciliations are completed.
Ensure that global policies and procedures are adhered to by all stakeholders, including Product Control, Operations, Front Office and Head Office Financial & Regulatory Reporting to ensure consistency and adequacy of reconciliations.
Assist in the investigation of all financial and regulatory reporting matters.
Continuously monitor and improve underlying transactional flows and mapping between trade systems, subledgers and general ledger.
Assist in the coordination with Accounting Policy / Front Office for new transactions / entities / issuances and support the operational execution and implementation of new accounting standards.
Assess related financial reporting impact, coordinate and execute implementation plan.
Responsible to ensure both new and existing products and transactions are appropriately captured in RBC Trade and Financial Reporting Systems, including the appropriate use of GLs and Financial Statement reporting lines.
Ensure SOX and RBC’s End-User Developed Application documentation compliance and completeness including new controls / process.
Participate in ad-hoc projects as directed by Associate Director, Wholesale Financial Control.