Manager, Legal Entity Financial Controls

RBC; Toronto; On-site; CAD 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Manager of Legal Entity Financial Controls to oversee financial operations for various legal entities. This role involves preparing financial statements, managing audits, and ensuring compliance with regulatory standards. The ideal candidate will possess strong accounting skills, analytical capabilities, and a collaborative spirit to work effectively with internal partners. Join a forward-thinking organization that values diversity and fosters an inclusive workplace, allowing you to grow professionally while making a significant impact in the financial sector.

Qualifications

• Strong accounting skills to understand complex accounting and reporting issues.
• At least 2 years of financial industry experience.

Responsibilities

• Prepare and analyze financial statements for assigned legal entities.
• Manage day-to-day activities related to subsidiaries, including cash management.
• Assist with interim and year-end audits.

Skills

Accounting Skills (CPA or equivalent)

Financial Industry Experience

Analytical Skills

Communication Skills

Teamwork and Collaboration

Attention to Detail

Multi-tasking

Job description

Job Summary

Job Description

What is the opportunity?

The Manager of Legal Entity Financial Controls is responsible for overseeing legal entities managed by LEFC and supports the Senior Manager, Legal Entity Financial Controls. The manager provides valuable financial control and reporting advice to internal partners and ensures compliance with statutory and regulatory reporting for subsidiary companies.

What you will do?

• Assist in preparing and analyzing financial statements for assigned legal entities, ensuring accuracy and timeliness. This includes quarterly board packages and interim and year-end audited financial statements with notes and analysis, covering Wealth Management and Personal & Commercial Banking entities.
• Prepare monthly journal entries for the assigned legal entities.
• Manage day-to-day activities related to subsidiaries, such as cash management and investing where appropriate.
• Identify accounting issues and make recommendations.
• Reconcile and explain differences between management and statutory/GAAP reporting for the legal entities.
• Assist with interim and year-end audits.
• Identify key IFRS changes and implement them accordingly.
• Execute financial controls, participate in projects, and identify opportunities to streamline and automate manual processes.
• Provide guidance and support to business units on reporting issues.

What you need to succeed?

Must Have

• Strong accounting skills (CPA or equivalent) to understand complex accounting and reporting issues.
• At least 2 years of financial industry experience.
• Strong analytical, oral and written communication skills.
• Teamwork and collaboration skills.
• Attention to detail and motivation.
• Ability to multi-task due to various demands and tight deadlines.

Job Skills

Audits, Compliance, Critical Thinking, Detail-Oriented, Financial Reporting and Analysis, Industry Knowledge, Internal Controls, Knowledge Organization

Additional Job Details

• Address: 20 KING 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: 2025-05-08
• Application Deadline: 2025-05-24

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 with diverse perspectives is key to our growth. We support our employees to perform at their best, collaborate effectively, innovate, and grow professionally, which helps bring our Purpose to life and create value for clients and communities. RBC fosters a workplace based on respect, belonging, and opportunity for all.

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