Manager, Enterprise Hedge Accounting

RBC; Toronto; On-site; CAD 100,000 - 125,000; Full time

Job summary

A leading bank in Toronto seeks a Manager, Enterprise Hedge Accounting, to oversee financial control responsibilities, deliver accurate financial results, and manage hedging workflows. Candidates should have solid knowledge of complex financial instruments, strong communication skills, and the ability to analyze complex financial information. Join an inclusive workplace focused on diverse perspectives and professional growth.

Qualifications

• Solid knowledge of complex financial instruments and transactions.
• Ability to analyze complex subject matter and propose solutions.
• Excellent communication skills with the ability to explain complex financial information clearly.
• Strong team skills and work ethic.
• Hedge accounting knowledge is an asset.

Responsibilities

• Manage financial control responsibilities in the Enterprise Controllership Group.
• Prepare documentation through validating transaction details.
• Monitor effectiveness testing and prepare reports.
• Deliver monthly financial results to stakeholders.
• Ensure accurate external reporting and maintenance of financial controls.
• Assist in investigations of reporting matters as needed.

Skills

Knowledge of complex financial instruments

Technical competence in financial accounting standards

Analytical skills for complex subject matter

Operations workflows management

Excellent communication skills

Teamwork and strong work ethic

Ability to manage tight deadlines

Hedge accounting knowledge

Education

Accounting designation or CFA

Tools

RBC financial systems

Job description

Job Description

What is the opportunity?

The Manager, Enterprise Hedge Accounting will manage the financial control responsibilities in the Enterprise Controllership 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 Hedge thereby helping the bank mitigate its FX risk.

What you will do?

• Prepare daily inception documentation through validating transaction details;
• Perform designations, monitor effectiveness testing, and prepare reporting of the net investment hedge program.
• Manage end-to-end hedging workflows and system operations.
• Deliver monthly financial results to Corporate Treasury and key stakeholders, ensuring clarity and accuracy.
• 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 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.
• Assist in the investigation of all financial and regulatory reporting matters when needed.
• Identify and assist in system and process enhancement initiatives.
• Participate in ad-hoc projects as directed by reporting manager.

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
• Technical competence in relevant financial and statutory accounting standards
• Ability to analyze complex subject matter and propose solutions
• Ability to manage operations workflows and process improvement experience
• Excellent communication skills with ability to explain complex financial information in a clear and concise manner
• Strong team skills and work ethic
• Ability to deliver and manage tight deadlines
• Hedge accounting knowledge is an asset

Nice to Have

• Strong knowledge of the RBC financial systems
• Accounting designation or CFA
• 3+ years of experience in capital markets/finance related area

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.