Senior Manager, Derivatives Reporting (Toronto)

Senior Manager, Derivatives Reporting (Toronto)

17 Apr
|
RBC
|
Toronto

17 Apr

RBC

Toronto

What is the opportunity?

The Senior Manager, Derivatives Reporting provides leadership, efficient and effective management to the team. The Senior Manager, reporting to the Director, is an integral part of fostering team‑building, trust and cross‑functional efficiencies through effective collaboration with key contributors and stakeholders across a wide range of deliverables. The Senior Manager will be responsible for efficient and effective delivery of the enterprise‑wide derivatives reporting processes and disclosures. These processes are critical to providing governance and control and ensuring meaningful disclosures regarding RBC’s derivatives portfolio are provided to Shareholders, Regulators and the Analyst community. The role provides the opportunity to build relationships with senior members from across Finance, Risk Management and our Business Platforms.

What will you do?

- Lead and empower a team of 3 professionals to drive timely and accurate delivery of monthly, quarterly and year‑end deliverables. Use your unique perspective to set ambitious goals and drive change – challenge the status quo to deliver efficiencies through automation, elimination and/or centralization.
- Lead and oversee the month‑end close process and quarterly processes and deliverables:
- Review and oversee the coordination of bank‑wide reporting of various disclosures such as but not limited to Derivatives disclosure, Offsetting and other notes related. T106 and Intergroup derivatives reconciliation process.
- Review monthly elimination entries, derecognition and netting adjustments, reconciliations and variance analysis

- Lead the UAT in Enterprise Derivatives Reporting System (EDR) for source system migrations to ensure that the accurate data elements are received by EDR.




- Provide advice and counsel to Business Platforms on Derivatives matters.
- Ensure preparation and maintenance of process documentation, accounting guidance and operational guidance for financial and regulatory returns.
- Collaborate with internal and external stakeholders in the completion of other critical tasks for the Bank:

- Work with Head Office Finance teams, including Accounting Policy, to ensure the effective implementation of new accounting requirements. Collaborate with Business Platforms, Finance, Counterparty credit risk team and eDR and sub‑ledger IT teams for reporting purposes.
- Work with Internal and external auditors to ensure effectiveness of internal controls and audit of external disclosures.

- Provide and implement recommendations on process improvements, automation, and opportunities to enhance controls and/or processes.
- Ensure cross‑training within team‑members to ensure team resilience and business continuity planning.

What do you need to succeed?

Must Have

- Strong analytical, organizational and problem‑solving skills; ability to drive process improvements and efficiencies
- 6+ years’ experience in an accounting/finance and reporting environment.
- Excellent computer skills (advanced Excel, Data3sixty Analyze and navigation through large datasets, Tableau)
- Advanced technical knowledge of IFRS,



particularly with respect to Derivatives and Offsetting of financial assets and liabilities.
- Excellent written and verbal communication skills, including ability to communicate effectively to senior executives and business heads.
- Strong attention to detail and accuracy and ability to multi‑task under tight deadlines
- Strong interpersonal skills; specifically able to act as change agent, facilitator and collaborator
- A commitment to develop leaders at every level and elevate your team’s performance

Additional Assets

- Chartered Professional Accountant designation, or International equivalent
- Advanced technical knowledge of IFRS, particularly with respect to Derivatives
- Experience in people management with the demonstrated ability to empower a team to deliver results
- Experience with executive communications
- Strong understanding of financial institutions, including all facets of RBC’s business and other activities

What’s in it for you?

- A comprehensive Total Rewards Program including bonuses and flexible advantages
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in an agile, collaborative, progressive, and high‑performing team
- The opportunity to interface with senior level executives from many different parts of the organization
- Learning opportunities to help you sharpen your skills in addition to hands‑on experience in the global, fast‑changing business world

Job Skills

- Audits
- Compliance
- Communication
- Critical Thinking
- Detail‑Oriented
- Financial Reporting and Analysis
- Industry Knowledge
- Internal Controls
- Knowledge Organization
- Organizational Change Management
- Team Management

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📌 Senior Manager, Derivatives Reporting (Toronto)
🏢 RBC
📍 Toronto

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