Director, Financial Controls

Job Description

What is the opportunity?

For forward-thinking and results-focused leaders, this is an opportunity to join the Insurance Financial Control team of Canada’s largest company, frequently ranked as one of the top companies to work for in Canada. RBC is internationally recognized for its commitment to innovation, diversity, customer satisfaction and corporate social responsibility.

If you are proactive, self-motivated, passionate about controls and excited about finding creative solutions, and interested in building a career within a world-class financial institution, this is a great opportunity for you.

What will you do?

• Enable a high-performance culture through active coaching and candid feedback, with an eye to longer term development of team member’s skills and capabilities.
• Lead a center of expertise for controls and governance in Insurance Finance as well as a center of expertise for SOX for Insurance overall
• Advisor to various stakeholders across insurance around the development of controls and maintenance of the control environment
• Lead the design, pretesting and implementation of new controls
• Primary contact for external and internal auditors, which includes managing the audit cycles, being first point of contact and ensuring a successful audit through minimizing escalations and issues
• Oversight of all operational risk events and self-identified issues, collaborating closely with operational risk teams to ensure compliance with policy
• Support various stakeholders across Insurance on controls impact for any process, system change or projects
• Lead the preparation and attestation of all monthly balance sheet reconciliations
• Oversight for the development of new GL Attestation processes resulting from implementation of new accounts.
• Ensure that the Enterprise GL attestation policies and Standards of Documentation procedures are adhered to by all stakeholders to ensure consistency and adequacy of reconciliations
• Own the supplier relationship with Financial Shared Services
• Drive process improvements, streamlining and automation for reconciliations
• Monthly and quarterly reporting to Senior Executives on performance, targets and results

What do you need to succeed?

Must-have

• CPA or equivalent designation
• Strong knowledge and understanding of financial reporting under IFRS accounting standards and internal controls over financial reporting.
• 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.
• Excellent leadership, communication, and interpersonal skills – ability to work with people at all levels within the organization.
• Ability to manage numerous priorities simultaneously amidst tight deadlines.
• High proficiency with computer applications, such as Excel and PowerPoint.

Highly desirable

• Insurance specific experience, including IFRS 17
• Experience with RBC financial systems and associated procedures including EPM system knowledge also preferred.
• Minimum 5 years of involvement in Financial Controls, SOX and Reconciliations
• People Management experience

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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities, enabling long-term career growth within a world class organization
• Ability to make a difference and lasting impact
• Flexible work/life balance options
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do interesting and challenging work

Job Skills