Manager Financial & Regulatory Reporting

Job Description

What is the opportunity?

Reporting to the Associate Director, Financial and Regulatory Reporting, The Manager, Financial and Regulatory Reporting will influence and oversee the regulatory financial reporting to Canadian Investment Regulatory Organization (CIRO) for certain legal entities within the Wealth Management and Capital Markets platforms.

Through working with various internal teams/business partners and analyzing financial data, you will provide monthly and annual financial information to external regulators; prepare variance commentaries for senior management; prepare analytical work for quarterly board packs and coordinate the smooth execution of internal and external audits for these legal entities.

This individual will influence and drive change by assisting with special projects and transformation initiatives, and add value through the identification of efficiency gains and evolving current processes.

What will you do?

• Ensure timely submission of monthly regulatory financial reports to regulators (CIRO) in accordance with various frameworks.

• Conduct quarterly and annual counterparty classification scrubs to ensure class codes are correctly assigned. This process requires collaboration with various internal departments, independently assess financial information and retain relevant documents for audit purposes.

• Review and assess files prepared by other departments for accuracy and completeness.

• Facilitate the monitoring of organizational targets through the weekly Risk Adjusted Capital (RAC) estimates.

• Conduct timely regulatory margin testing in clients and brokers sections and perform ad hoc analysis, fee calculation and reporting as required

• Facilitate the annual external audit and regulatory examinations;

• Prepare and conduct monthly conference calls with internal departments to understand key transactions, reporting issues, system changes and upcoming projects.

• Drive change to support management in identifying areas for streamlining and simplification of working papers, redesign existing processes, and implement automation to optimize efficiency.

What do you need to succeed?

• University degree in Finance/Accounting
• Finance/Accounting designation – CPA, CA preferred
• 3+ years’ work experience in finance/accounting/audit field, preferably in financial services or regulatory reporting or broker dealer industry
• Experience in financial analysis and financial/regulatory reporting
• Excellent Microsoft Office skills:
  Word, Outlook, Excel, and Power Point
• Excellent interpersonal and highly developed communication skills (verbal and written)
• Excellent analytical thinking, self-driven, capable of solving problems in a fast-paced environment.
• Able to work effectively and reliably under pressure

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.

• 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

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Note: Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date above

I
nclusion and Equal Opportunity Employment

At 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.

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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity lified applicants may be contacted to review their resume in more detail.