Manager, Enterprise Hedge Accounting

RBC; Toronto; On-site; CAD 90,000 - 130,000; Full time

Job summary

A leading financial institution is seeking a 'Manager, Enterprise Hedge Accounting' in Toronto. The role involves overseeing financial control responsibilities, managing hedging workflows, and ensuring accurate regulatory reporting, necessitating strong analytical and communication skills coupled with knowledge of financial instruments. Join RBC to be part of a diverse and innovative team committed to excellence in risk management.

Qualifications

• Solid knowledge of complex financial instruments and transactions.
• Ability to analyze complex subject matter and propose solutions.
• 3+ years of experience in capital markets/finance related area.

Responsibilities

• Manage end-to-end hedging workflows and system operations.
• Ensure accurate financial and regulatory reporting for Wholesale Finance results.
• Support operational execution of new accounting standards.

Skills

Analytical Thinking

Communication

Cross-Departmental Collaboration

Decision Making

Detail-Oriented

Financial Reporting and Analysis

Hedge Accounting

Strategic Thinking

Education

Accounting designation or CFA

Job description

Job Summary

Job Description

What is the Opportunity?

The Manager, Enterprise Hedge Accounting will manage the financial control responsibilities in the Wholesale Finance group with the objective of delivering timely, accurate and reliable financial information. In this capacity, you will be 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 you will do?

• Ensure the provision of accurate and complete Financial and Regulatory Reporting for Wholesale Finance results.
• Manage end-to-end hedging 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. Assess related financial reporting impact, coordinate and execute implementation plan.

What you need to succeed?

Must Have

• Solid knowledge of complex financial instruments and transactions, together with a willingness and interest in developing that knowledge.
• Ability to analyze complex subject matter and propose solutions.
• 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
• 3+ years of experience in capital markets/finance related area

Job Skills

Analytical Thinking, Communication, Cross-Departmental Collaboration, Decision Making, Derivatives, Detail-Oriented, Finance, Financial Instruments, Financial Reporting and Analysis, Generally Accepted Accounting Principles (GAAP), Hedge Accounting, Industry Knowledge, Professional Networking, Relationship Building, Reporting Management, Results-Oriented, Strategic Thinking, Taking Initiative, Teamwork, Time Management

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:

2025-06-13

Application Deadline:

2025-06-28

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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