Manager, Enterprise Hedge Accounting

RBC; Toronto; On-site; CAD 70,000 - 110,000; Full time

Job summary

An established industry player is seeking a dedicated finance professional to manage financial control responsibilities within their Wholesale Finance group. This role involves delivering accurate financial information, managing hedging workflows, and ensuring compliance with regulatory standards. The ideal candidate will possess strong analytical skills, attention to detail, and a commitment to process improvement. Join a dynamic team that values collaboration and offers opportunities for growth and development in a supportive environment.

Qualifications

• Knowledge of complex financial instruments and transactions.
• Strong attention to detail and technical competence in accounting standards.

Responsibilities

• Ensure accurate Financial and Regulatory Reporting for Wholesale Finance results.
• Manage hedging workflows and system operations.

Skills

Accounting

Financial Planning and Analysis

Decision Making

Organizational Savvy

Strategic Thinking

Time Management

Waterfall Model

Education

Accounting designation or CFA

Job description

Job Summary

Job Description

What is the Opportunity?

You will manage financial control responsibilities within the Wholesale Finance group, focusing on delivering timely, accurate, and reliable financial information. Your work will involve reporting and production related to RBC’s Net Investment, Cash Flow, and Fair Value hedge accounting programs, aiding the bank in mitigating interest rate and FX risks.

What will you do?

1. Ensure accurate and complete Financial and Regulatory Reporting for Wholesale Finance results.
2. Manage end-to-end hedging workflows and system operations.
3. Prepare daily inception documentation, validate transaction details, perform effectiveness testing, and monitor counterparty credit risk.
4. Identify and assist in system and process enhancement initiatives.
5. Ensure new hedges, products, and transactions are properly captured in RBC Financial Reporting Systems, including the correct use of GLs and reporting lines.
6. Maintain SOX and RBC EUC documentation compliance, including new controls and processes.
7. Participate in ad-hoc projects as directed by the reporting manager.
8. Ensure accurate external reporting, including financial statements, note disclosures, regulatory reporting, and management reports.
9. Maintain the monthly review program to ensure financial controls and reconciliations are in place, adhering to global policies and procedures.
10. Assist in investigating financial and regulatory reporting matters, stay updated on accounting developments, including hedge accounting changes.
11. Support the implementation of new accounting standards, such as IBOR Reform, assessing impacts and executing implementation plans.

What do you need to succeed?

Must-have

• Knowledge of complex financial instruments and transactions, with a willingness to develop further.
• Strong attention to detail.
• Technical competence in relevant financial and statutory accounting standards.
• Excellent communication, interpersonal, and negotiation skills, along with strong analytical and judgmental abilities.
• Experience managing operations workflows and process improvements.
• Excellent presentation and report writing skills.
• Strong team skills and work ethic.

Nice to have

• Accounting designation or CFA.
• Hedge accounting knowledge.
• Knowledge of RBC’s reporting systems and infrastructure.

What's in it for you?

We thrive on challenges, progressive thinking, and collaboration to deliver trusted advice that helps clients and communities prosper. We value mutual success, support your development, and offer opportunities to make a lasting impact in a dynamic, high-performing team with comprehensive rewards and training programs.

Job Skills

Accounting, Financial Planning and Analysis, Decision Making, Organizational Savvy, Strategic Thinking, Time Management, Waterfall Model

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: 2025-05-01

Application Deadline: 2025-05-16

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

Inclusion and Equal Opportunity Employment

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