Hedge Accounting Analyst

RBC; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

RBC is seeking a Hedge Accounting Analyst in Toronto to manage financial control responsibilities within Enterprise Hedge Accounting, supporting Net Investment, Cash Flow and Fair Value hedge programs to mitigate interest rate and FX risk. You will oversee daily reporting, system operations and controls, ensuring accuracy and compliance.

The role requires knowledge of complex financial instruments, strong communication and analytical skills, and experience with hedge accounting processes.

Qualifications

• Knowledge of complex financial instruments and transactions, with willingness to develop that knowledge.
• Highly developed communication, interpersonal and negotiation skills; strong financial, analytical, judgmental and conceptual skills.
• Ability to manage operational workflows and drive process improvement.
• Excellent presentation and report writing skills.
• Strong teamwork and work ethic.
• Hedge accounting knowledge is an asset.
• Technical competence in accounting standards.

Responsibilities

• Provide accurate financial and regulatory reporting for Wholesale Finance results.
• Manage end-to-end hedge accounting workflows and system operations.
• Prepare daily inception documentation; validate transaction details; perform effectiveness testing; monitor counterparty credit risk.
• Identify and assist in system and process enhancement initiatives.
• Ensure new hedges, products and transactions are captured in RBC reporting systems with correct GLs and reporting lines.
• Ensure SOX and RBC EUC documentation compliance and controls.
• Participate in ad-hoc projects as directed by the reporting manager.
• Ensure accurate external reporting including FS, note disclosures, regulatory and management reporting.
• Maintain monthly review program with reconciliations and adherence to global policies.

Job description

What is the opportunity?

The Hedge Accounting Analyst will be responsible to manage the financial control responsibilities in the Enterprise Hedge Accounting Team under CFO Finance group with the objective of delivering timely, accurate and reliable financial information and working on the reporting and production aspects of RBC’s Net Investment, Cash Flow & Fair Value hedge accounting programs thereby helping the bank mitigate its interest rate & FX risk.

Job Description

The Hedge Accounting Analyst will be responsible to manage the financial control responsibilities in the Enterprise Hedge Accounting Team under CFO Finance group with the objective of delivering timely, accurate and reliable financial information and working on the reporting and production aspects of RBC’s Net Investment, Cash Flow & Fair Value hedge accounting programs thereby helping the bank mitigate its interest rate & FX risk.

What will you do?

• Ensure the provision of accurate and complete Financial and Regulatory Reporting for Wholesale Finance results.
• Manage end-to-end hedge accounting workflows and system operations
• Prepare daily inception documentation through validating transaction details; performing effectiveness testing and monitoring counterparty credit risk
• Identify and assist in system and process enhancement initiatives
• Responsible to ensure new hedges, products and transactions are appropriately captured in RBC Financial Reporting Systems, including the appropriate use of GLs and Financial Statement reporting lines.
• Ensure SOX and RBC EUC documentation compliance and completeness including new controls/ process.
• Participate in ad-hoc projects as directed by reporting manager.
• Ensure accurate external reporting, including FS, note disclosures, regulatory reporting & management reporting.
• 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, and Head Office Statutory & Regulatory Reporting to ensure consistency and adequacy of reconciliations.
• Assist in the investigation of all financial and regulatory reporting matters. Maintain technical knowledge and keep abreast of all new accounting developments including hedge accounting changes.
• Support the operational execution and implementation of new accounting standards, including IBOR Reform. Assess related financial reporting impact, coordinate and execute implementation plan.

What you need to succeed?

Must Have

• Knowledge of complex financial instruments and transactions, together with a willingness and interest in developing that knowledge.
• Highly developed communication, interpersonal and negotiation skills are considered necessary for the success of this role. Strong financial, analytical, judgmental and conceptual skills.
• Ability to manage operations workflows and process improvement experience
• Excellent presentation and report writing skills.
• Strong team skills and work ethic.
• Hedge accounting knowledge is an asset.
• Technical competence in relevant financial and statutory accounting standards

Nice to Have

• Strong knowledge of the RBC financial systems
• Accounting designation or CFA

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and 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

Job Skills

Accounting, Business Mathematics, Decision Making, Detail-Oriented, Financial Planning and Analysis (FP&A), Financial Reporting and Analysis, Group Problem Solving, Oral Communications, Results-Oriented, Teamwork

Additional Job Details

Address

ROYAL BANK PLAZA, 200 BAY ST: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

2026-08-07

Application Deadline

2026-08-31

Note

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.