Director, RBC Statutory Transfer Pricing

RBC; Toronto; On-site; CAD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Director for their Statutory Transfer Pricing team. This pivotal role involves leading the development of global transfer pricing policies, ensuring compliance with international regulations, and optimizing efficiencies through automation. The ideal candidate will have extensive experience in financial services, a deep understanding of transfer pricing guidelines, and the ability to collaborate with various stakeholders. Join a forward-thinking organization where your expertise will help shape strategic financial decisions and drive innovation in a dynamic environment.

Qualifications

• 7+ years of experience in tax transfer pricing in financial services.
• Exceptional understanding of OECD Transfer Pricing Guidelines and tax treaties.

Responsibilities

• Lead the Statutory Transfer Pricing Policy team to meet regulatory requirements.
• Support tax reporting and audit processes for global STP compliance.

Skills

Accounting

Decision Making

Financial Planning and Analysis (FP&A)

Financial Reporting and Analysis

Results-Oriented

Job description

Job Summary

Job Description

What is the opportunity?

The Director, RBC Statutory Transfer Pricing will be responsible for leading the enterprise-wide Statutory Transfer Pricing (STP) Policy team as part RBC’s Statutory Transfer Pricing requirements. STP Policy provide global recommendation and documentation of RBC’s STP transactions including controls that will allow RBC to satisfy all STP and related tax requirements consistently across all regions. STP Policy recommends STP methodologies and optimizes efficiencies through standardization, consistency and automation.

What you will do?

• Leads and directs the Statutory Transfer Pricing Policy team to liaise with stakeholder partners to meet Financial, Taxation and Regulatory requirements. Main responsibilities include:
  • Execute on the RBC’s global STP strategy by ensuring consistency in the transfer pricing approaches used across business units and the documentation of those approaches to minimize penalty risks.
  • Perform all global STP Policy functions, including the identification of new intercompany transactions, documenting global STP policies and methodologies in conjunction with Taxation, creating STP Documentation in compliance with the RBC Transfer Pricing Documentation Policy and assisting with the execution of new and updated intercompany legal agreements.
  • Support RBC Taxation with intercompany tax reporting and provide audit support to satisfy tax authority STP requirements on a global basis
  • Collaborate and drive STP automation initiatives that create transparent, consistent and efficient STP transactions globally.
• Together with STP’s other pillars (Implementation and Governance) develop and maintain the operational framework that enables an end-to-end view of the impact of the approaches employed across the RBC enterprise, i.e., from transaction identification, accounting implementation, testing of results, creation of transfer pricing documentation and related party transaction reporting.
• Manage the ongoing maintenance of the database housing functional transits to ensure allocability is documented and supported. Manage the ongoing refresh of the database to ensure services provided and recipients that benefit continue to be supported and documented.
• Identify planning opportunities that meet business platform and RBC’s objectives of maximizing shareholder value.
• Defend filing positions in tax audits. Respond to tax audit queries arising from tax return information related to transfer pricing and related party transactions.
• Coordinates and sources external advice when appropriate.
• Coordinate with RBC global tax groups to identify opportunities and implement transfer pricing pronouncements and legislation affecting more than one jurisdiction.

What you need to succeed?

Must Have

• 7+ years of experience as a tax transfer pricing practitioner specialized in the financial services industry with direct and proven experience in transfer pricing and international taxation gained with a big 4 accounting firm, law firm and/or in the financial services industry.
• Exceptional understanding of the OECD Transfer Pricing Guidelines, the OECD Report on the Attribution of Profits to Permanent Establishments, Canadian, US and UK transfer pricing rules and practices and specific and proven experience with applying transfer pricing concepts to global trading of financial instruments.
• Solid knowledge of international corporate taxation and key provisions in the major tax treaties, specifically on taxation of permanent establishments, presence of dependent agent permanent establishments, as well as knowledge of Canadian federal income tax.
• Excellent understanding of accounting concepts and systems and the impact of (changes to) transfer pricing arrangements on RBC’s consolidated results.
• Relevant experience in working with the CRA and the Advance Pricing Agreement Program and making Competent Authority requests.
• Team player with exceptional verbal and written communication skills.
• Working knowledge of foreign Transfer Pricing documentation requirements
  in key jurisdictions where RBC operates

Job Skills

Accounting, Decision Making, Financial Planning and Analysis (FP&A), Financial Reporting and Analysis, Results-Oriented

Additional Job Details

Address:

180 WELLINGTON ST W:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-05-05

Application Deadline:

2025-05-20

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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