Senior Manager, Investment Finance

RBC • Mississauga, ON

6d • Onsite

About The Position

Lead RBC's investment accounting and finance function for our insurance portfolio. You'll own end-to-end finance and accounting for bonds, equities, mortgages, alternatives, derivatives, segregated funds, and cash. You'll translate complex IFRS 9 requirements into strategic insights that drive senior leadership decisions on asset allocation, capital efficiency, and risk management. This role offers significant scope to influence investment strategy, develop a team, and drive operational transformation through process improvement and systems innovation.

Requirements

• CPA, CFA or equivalent designation
• Strong knowledge and understanding of investment accounting, operations experience
• In-depth knowledge on IFRS 9 and investment accounting systems
• Excellent analytical thinking and acute attention to detail
• Excellent excel skills and data management concepts
• Technical knowledge of investment back office and front office procedures
• Understanding and experience in accounting for investment securities, wholesale funding, derivatives processing and alternative investments
• Excellent advisory, communication, and interpersonal skills – ability to work with people at all levels within the organization
• Ability to manage numerous priorities simultaneously amidst tight deadlines

Nice To Haves

• Technical knowledge of Insurance industry would be an asset
• Experience working with large data sets, with data query skills
• People leadership experience

Responsibilities

• Lead the monthly and quarterly close for investment portfolios, including review of journal entries, reconciliations, valuations, and disclosures, ensuring accuracy, timeliness, and audit‑ready support
• Oversee investment accounting for new and complex transactions (e.g., private placements, real estate, structured products, SPVs), ensuring appropriate classification, measurement, and presentation under IFRS
• Drive special projects relating to new investment initiatives/strategies, assessing implications to operational processes including ledger system and reporting/disclosures, and develop solutions
• Manage the production of investment‑related management information: trend analysis, attribution of investment income and fair value changes, benchmarking versus budget/plan, and insights on drivers of results
• Partner with Investment, GRMI, and Capital teams to support strategic asset allocation, ALM initiatives, liquidity management, and capital efficiency, providing finance input on proposed strategies and trades
• Coordinate and enhance investment‑related disclosures in financial statements and management reporting (e.g., invested assets, credit quality, fair value hierarchy, expected credit losses, duration and interest‑rate risk metrics), aligned with regulatory expectations
• Maintain a robust control environment over investment finance processes, including SOX, reconciliations between Investment Admin source system and ledger system, intergroup reconciliation with related parties, sign‑offs, and documentation of key judgments and estimates
• Lead responses to internal and external auditors and regulators on investment‑related matters, ensuring issues are addressed promptly
• Drive continuous improvement in systems, data flows management, and processes for investment accounting, reporting, and analytics, including requirements for finance and investment platforms and automation opportunities
• Develop the investment finance team (analysts/specialists), setting clear performance expectations and building deep technical expertise in investment products, IFRS 9/17, and insurance‑specific investment issues
• Contribute to the development of investment‑related finance policies, procedures, and governance frameworks, ensuring alignment with the insurer’s risk appetite and investment policy statements

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Leaders who support your development through coaching and managing opportunities, enabling long-term career growth within a world class organization
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: No Education Listed