Associate Director, Wholesale Financial Control - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada
Royal Bank of Canada
Verified Company
Toronto, Canada

1 month ago

Sophia Lee

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Sophia Lee

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Description

Job Summary

What is the opportunity?


The Associate Director - Wholesale Financial Control is a key leader in Capital Markets (CM) Finance, collaborating with stakeholders from front office, risk management, operations, IT and other Finance functional areas to develop and sustain effective and efficient governance and controls over financial results.

This role will lead a team of accounting professionals striving to be Finance experts and value-added advisors to CM businesses while operating and improving financial governance and control processes.

We are seeking a proactive, self-motivated individual who is excited about finding creative solutions to interesting problems while striving to build a fulfilling career within a world-class financial institution.


What will you do?


Be an active functional partner and co-pilot to CM Finance businesses, enabling front office transactions to be completely and accurately reported in RBC's financial results.


You will:

  • Create relationships with the business and other key stakeholders (e.g., Product Control, Performance Management, IT, Risk Management, Accounting Policy, Tax, Capital and other Enterprise Finance partners) striving to be a trusted business partner and the first port of call to provide finance & accounting solutions.
  • Develop an understanding of the results of your businesses and key drivers for accounting variances, aiming to provide valueadded advice as the business transforms and adapts to accommodate changes in client needs and economic environment.
  • Review and ensure new products and transactions are appropriately captured in RBC financial systems, including the appropriate use of GLs and financial statement reporting lines.


Provide controls and governance over the financial position and performance of each business area and flawless execution of financial statement close processes - including review of financial and regulatory submissions (e.g., journal entries, templates).


You will:

  • Review and execute monthly, quarterly and annual financial close processes and attestations, ensuring the timely production of accurate financial and regulatory results and disclosures.
  • Manage internal and external auditor requests, lead legal entity audits and provide accounting guidance over disclosures and related matters.
  • Ensure SOX and RBC EUDA documentation compliance and completeness including any new controls/processes.
Oversee continuous process improvement and system changes, streamlining manual processes to focus on value-added analytics and insights:

  • Lead initiatives to transform the efficiency and effectiveness of financial control processes, for example, through designing controls and governance procedures with an appropriate risk-based lens; enhancing processes for better flows; automating manual processes or optimizing data strategies.
  • Collaborate with others in the CM Finance team to identify opportunities to understand flows on an endtoend basis, leveraging diverse expertise of different stakeholders to identify viable and actionable opportunities for improvement.


You will lead a small team, enabling high performance through active coaching and candid feedback, with an eye to longer term development of your team member's skills and capabilities.


What do you need to succeed?

Must-have

  • CPA or equivalent designation, evidenced by a strong knowledge and understanding of financial reporting under IFRS accounting standards and internal controls over financial reporting.
  • Excellent leadership, communication, and interpersonal skills ability to work with people at all levels within the organization.
  • Curiosity to explore better ways of working while maintaining a strong governance mindset, accompanied by a drive to take ownership for and resolve issues with a sense of urgency.
  • Excellent analytical thinking and acute attention to detail.
  • Ability to manage numerous priorities simultaneously amidst tight deadlines.

Nice to Have

  • Exposure to Capital Markets businesses including some understanding of complex financial instruments and transactions relating to consolidation, derecognition, and securitization, together with a willingness and interest in deepening that knowledge.
  • Experience with RBC financial systems and associated procedures including EPM system knowledge.
  • 5+ years of highlevel involvement in Financial/management reporting and internal controls
  • People Management experience

Job Skills
Accounting, Accounting Finance, Decision Making, Financial Planning and Analysis (FP&A), Long Term Planning, Oral Communications, Organizational Savvy and Politics, Strategic Thinking, Team Management, 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:

Casual


Pay Type:

Salaried


Posted Date:

2024-0
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