Manager, U.S. Tax Reconciliation (QI)

RBC; Toronto; On-site; CAD 120,000 - 160,000; Full time

Job summary

RBC Wealth Management Toronto is seeking a Senior Manager, US Tax Reporting to lead a team of Tax Specialists and ensure compliance with QI and US tax requirements. You will direct reconciliation activities, supervise staff performance, and drive process improvements across cycles with strong stakeholder communication.

The role emphasizes building relationships with internal/external partners and presenting findings to senior leaders and auditors, ensuring accurate reporting and compliance.

Qualifications

• Demonstrated expertise in US tax regulations applicable to Qualified Intermediaries, including the QI Agreement and sections of the Internal Revenue Code.
• Complete understanding of US tax as it applies to security financing including borrowing and lending accounts, settlements, derivatives, and repos.
• 3-5 years of people manager experience.
• 3+ years of experience with tax reconciliation processes.
• Advanced proficiency in MS Office including MS Access, Excel and PowerPoint.
• Excellent written, verbal and presentation communication skills.

Responsibilities

• Lead and develop a team by setting goals, coaching, and managing performance.
• Establish and maintain reconciliation standards; manage income and tax reconciliations across cycles; review reconciliations for accuracy.
• Analyze processes to improve client service and reduce risk; implement automated improvements using MS Access (SQL, VBA, macros) and Power Query/ Pivot Tables.
• Build relationships with internal and external stakeholders; present reconciliation findings to senior leaders and auditors; liaise with the IRS.

Skills

Tax Reconciliation

US Tax Regulations

MS Access

Excel

PowerPoint

Team Leadership

Staff Development

Communication

Education

Bachelor's in Finance/Accounting

Finance/Accounting Degree

Tools

SQL

VBA

Macros

Power Query

Pivot Tables

Job description

What is the opportunity?

You will join a team responsible for ensuring compliance with the tax reporting requirements of the IRS QI Agreement. Team responsibilities include tax withholding and remittances, information reporting to accountholders and the IRS, and income and tax reconciliation.

Job Description

Reporting to the Senior Manager, US Tax Reporting, you will be responsible for directing and supervising reconciliation activities, reviewing reconciliations for accuracy and completeness, and ensuring compliance with tax regulations.

The mandate includes day-to-day management of a team of 3 Tax Specialists. You will be accountable for the employee experience and responsible for staff development and performance management.

What will you do?

Leadership & Team Management: Lead and develop a team by setting clear goals, fostering employee growth through coaching and mentoring, and managing performance through reviews and recognition.

Reconciliation & Compliance:

• Establish and maintain reconciliation standards and procedures
• Manage and verify income and tax reconciliations across daily, weekly, monthly, quarterly, and annual cycles
• Review team reconciliations, ensure compliance, and prepare reports for audits and reviews.

Process Analysis & Improvement:

• Analyze processes to identify opportunities to improve client service, efficiency, and reduce risk
• Implement automated improvements using MS Access (SQL, VBA, macros) and MS Excel tools (Power Query, Pivot Tables, VBA)
• Maintain and update desk operating procedure manuals

External Communication: Build relationships with internal and external stakeholders, present reconciliation findings to senior leaders and auditors, and serve as liaison with the IRS.

What do you need to succeed?

Must haves:

• Demonstrated expertise in US tax regulations applicable to Qualified Intermediaries, including the QI Agreement and Sections 302, 305(c), 871(m) and 1446(a & f) of the Internal Revenue Code.
• Complete understanding of US tax as it applies to security financing including institutional borrowing and lending accounts, third party settlements, derivatives, repos (understanding of entitlement system DIVSY) and understanding of ICI Impact.
• 3-5 years of people manager experience
• 3+ years of experience with tax reconciliation processes
• Advanced proficiency in Microsoft Office including MS Access, Excel and PowerPoint
• Excellent written, verbal and presentation communication skills

Nice-to-have:

• Completion of Canadian Securities Course (CSC).
• Familiarity with RBC Wealth Management Canada systems and applications (BTS, ClientSource, OnDemand, ServiceLink).
• Knowledge of FATCA and CRS reporting requirements
• University degree or recognized diploma in finance, economics, or accounting, or equivalent professional experience
• Bilingualism (English and French) required, as you will regularly serve our clients and do business with RBC partners and/or employees across Canada with English and French speaking needs.

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.
• Flexible work/life balance options.
• Opportunities to do challenging work.
• Opportunities to take on progressively greater accountabilities.
• Access to a variety of job opportunities across business.

Job Skills

Accounting, Analytical Thinking, Communication, Critical Thinking, Customer Service, Customer Service Management, Data Reconciliation, Decision Making, Detail-Oriented, Interpersonal Relationship Management, Investment Performance Measurement, Operational Delivery, Process Improvements, Risk Management, Tax Compliance, Tax Operations Management, Team Management, Time Management, Treasury Management

Additional Job Details

Address: 180 WELLINGTON ST W:TORONTO

City: Toronto

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: WEALTH MANAGEMENT

Job Type: Regular

Pay Type: Salaried

Posted Date: 2026-06-24

Application Deadline: 2026-09-11

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.