Manager, Statutory Transfer Pricing - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Summary

What is the role about?

The STP Manager will be part of RBC's STP Centre of Excellence (COE) contributing to ensure that RBC meets all global STP and related tax requirements consistently and comprehensively.

Support the implementation of business specific, enterprise-wide, Statutory Transfer Pricing (STP) policies, practices, and processes, as well as certain Policy Management & Compliance efforts based on RBC's Statutory Transfer Pricing (STP) Policies.

Transition intergroup allocation models from excel-based to the Oracle technology solution.

What will you be responsible for?

Conduct analysis, calculations, and entries for specific Statutory Transfer Pricing (STP) transactions (including allocations) on a monthly, quarterly, and annual basis.
Supervise the processing of transfer pricing entries and allocations on a monthly, quarterly, and annual basis and verify that they have been processed globally using the correct transits and GL accounts.
Prepare the monthly tracking spreadsheet reconciliation of transfer pricing entries used by STP Implementation and Financial Controllers.
Manage settlement process for specific Legal Entities and STP transactions on a monthly, quarterly, and annual basis.
Create financial analyses for business reviews.
Perform detailed reviews of entries and variance analyses to understand their impact on business lines and legal entities.
Aid in identifying and addressing potential transfer pricing transaction gaps and the development of new transfer pricing transactions.
Migrate transactions from excel-based models to the Oracle technology solution.
Ensure thorough documentation of the process and recommend key enhancements for better efficiency and accuracy.

What qualifications are required?

Essential Requirements

Working experience: a minimum of 5 years of post-qualification experience, preferably in the financial services sector.
Accounting designation (CA, CPA, etc), MBA, or equivalent education.
Proficient in MS Excel
Tech-savvy, familiar with new tools such as Oracle, Posting Express
Basic understanding of international corporate taxation.
Team player capable of collaborating within a global team based in Canada
Excellent verbal and written communication skills.

Desirable Requirements

Familiarity with financial and managerial accounting systems within RBC would be beneficial.
Ideally, experience in a big 4 accounting firm in the financial services industry and/or at RBC.
Experience with Oracle technology
Programming knowledge (VBA, SQL, Tableau, etc.)

What is offered to you?

We thrive on the challenge of being our best, embracing progressive thinking for continuous growth, and collaborating to provide trusted advice to help our clients thrive and communities prosper.

We value each other, realizing our potential, making a positive impact on our communities, and achieving mutual success.

A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable.
Supportive leaders who facilitate your development through coaching and management opportunities.
Opportunity to create a lasting impact and make a difference.
Work in a dynamic, collaborative, progressive, and high-performing team.
Flexible work/life balance options.
Challenging work opportunities.
Room to take on increasing responsibilities.
Chance to build strong relationships with clients.

LI-Hybrid

LI-POST

Job Skills
Accounting, Accounting Finance, Accounting Standards, Business, Corporate Accounting, Decision Making, Financial Analysis, Financial Planning and Analysis (FP&A), Group Problem Solving, Long Term Planning, Oracle, Organizational Savvy and Politics, Project Management, Reconciliations, Strategic Thinking, Time Management, Transfer Pricing

Additional Job Details

Location:

Toronto, Canada

Work hours/week:

37.5

Employment Type:

Full-time

Department:

Technology and Operations

Job Type:

Regular

Compensation Type:

Salaried

Posted Date:

Application Deadline:

Inclusion and Equal Opportunity Employment
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We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work.

We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients, and communities.

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