Manager, Financial Accounting and Reporting
Top Benefits
About the role
Job Description
What is the Opportunity?
RBC Bank is a US subsidiary of Royal Bank of Canada with a passion to provide US Banking services for Canadians living, working and travelling in the United States. RBC Bank’s “Cross-Border” solutions are designed to meet the unique needs and challenges Canadians face south of the border including but not limited to the ability to access and link their Canadian and US Banking accounts, perform Cross Border Transfers and leveraging their Canadian credit standing and existing banking relationships with RBC for purposes of obtaining credit/loans in the US. RBC Bank Operations is located in Raleigh, NC.
As a leader within the RBC Bank Finance team, this role participates in all aspects of RBC Bank’s financial reporting, including month-end and quarter-end close processes, technical accounting research, parent reporting, annual financial statements, weekly/quarterly/annual regulatory reporting, and other ad hoc reporting as assigned. Ensure RBC Bank maintains a strong internal control environment over financial reporting and drive the timely execution, monitoring and assessment of controls and deficiencies. Role will work cross functionally to engage in process improvements and automation efforts, implementation of new accounting and regulatory guidance, and maintenance of process flows, data/system lineage, and procedures.
What will you do?
- Support the month-end financial close process.
- Ensure all assigned activities are completed timely and evidence retained
- Ensure compliance with accounting procedures and policies.
- Prepare journal entries within the finance team.
- Prepare account reconciliations and recommend attestation status
- Recommend updates to procedures
- Prepare schedules to support the consolidated monthly/reporting package.
- Ensure receivables from affiliates are invoiced and wires processed accurately
- Present financial results to the Chief Financial Officer.
- Support regulatory reporting and annual audit
- Work directly with external and internal auditors and provide information for various audits
- Gather information from subject-matter experts and assess accuracy and completeness of information provided
- Prepare regulatory reports such as the weekly cash report and report of selected balance sheet items.
- Maintain reporting procedures and ensure alignment with protocols established by RBC US Holdco.
- Support the preparation of various head office templates and reporting packages and ensure compliance with enterprise standards.
- Maintain supporting documentation and ensure items are submitted timely.
- Ensure new requirements are analyzed, data requirements are clearly communicated and procedures updated.
- Lead performance management production
- Lead the production of business performance reporting. Examples include NIE reporting, flash reports, etc.
- Prepare and input journal entries related to funds transfer pricing
- Represent RBC Bank at monthly management meetings to discuss financial performance and business drivers.
- Provide financial reporting transparency to management view expense allocations.
What do you need to succeed?
Must-have:
- Bachelor’s Degree or equivalent combination of education and work experience
- At least 3-5 years of related work experience
- Intermediate MS Excel/PowerPoint/Word skills
- Ability to multi-task
- Strong communication, written and presentation skills.
- Strong organizational and planning skills.
- Comfortable in a position affording significant daily exposure to auditors, functional heads, enterprise finance groups and other senior managers.
Nice-to-have:
- Accounting experience or education
- Experience in the banking or financial services industry
- Experience in documenting, reporting and evaluating controls
- Experience with managing/coordinating an audit relationship
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.
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Opportunities to build close relationships with clients
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Manager, Financial Accounting and Reporting
Top Benefits
About the role
Job Description
What is the Opportunity?
RBC Bank is a US subsidiary of Royal Bank of Canada with a passion to provide US Banking services for Canadians living, working and travelling in the United States. RBC Bank’s “Cross-Border” solutions are designed to meet the unique needs and challenges Canadians face south of the border including but not limited to the ability to access and link their Canadian and US Banking accounts, perform Cross Border Transfers and leveraging their Canadian credit standing and existing banking relationships with RBC for purposes of obtaining credit/loans in the US. RBC Bank Operations is located in Raleigh, NC.
As a leader within the RBC Bank Finance team, this role participates in all aspects of RBC Bank’s financial reporting, including month-end and quarter-end close processes, technical accounting research, parent reporting, annual financial statements, weekly/quarterly/annual regulatory reporting, and other ad hoc reporting as assigned. Ensure RBC Bank maintains a strong internal control environment over financial reporting and drive the timely execution, monitoring and assessment of controls and deficiencies. Role will work cross functionally to engage in process improvements and automation efforts, implementation of new accounting and regulatory guidance, and maintenance of process flows, data/system lineage, and procedures.
What will you do?
- Support the month-end financial close process.
- Ensure all assigned activities are completed timely and evidence retained
- Ensure compliance with accounting procedures and policies.
- Prepare journal entries within the finance team.
- Prepare account reconciliations and recommend attestation status
- Recommend updates to procedures
- Prepare schedules to support the consolidated monthly/reporting package.
- Ensure receivables from affiliates are invoiced and wires processed accurately
- Present financial results to the Chief Financial Officer.
- Support regulatory reporting and annual audit
- Work directly with external and internal auditors and provide information for various audits
- Gather information from subject-matter experts and assess accuracy and completeness of information provided
- Prepare regulatory reports such as the weekly cash report and report of selected balance sheet items.
- Maintain reporting procedures and ensure alignment with protocols established by RBC US Holdco.
- Support the preparation of various head office templates and reporting packages and ensure compliance with enterprise standards.
- Maintain supporting documentation and ensure items are submitted timely.
- Ensure new requirements are analyzed, data requirements are clearly communicated and procedures updated.
- Lead performance management production
- Lead the production of business performance reporting. Examples include NIE reporting, flash reports, etc.
- Prepare and input journal entries related to funds transfer pricing
- Represent RBC Bank at monthly management meetings to discuss financial performance and business drivers.
- Provide financial reporting transparency to management view expense allocations.
What do you need to succeed?
Must-have:
- Bachelor’s Degree or equivalent combination of education and work experience
- At least 3-5 years of related work experience
- Intermediate MS Excel/PowerPoint/Word skills
- Ability to multi-task
- Strong communication, written and presentation skills.
- Strong organizational and planning skills.
- Comfortable in a position affording significant daily exposure to auditors, functional heads, enterprise finance groups and other senior managers.
Nice-to-have:
- Accounting experience or education
- Experience in the banking or financial services industry
- Experience in documenting, reporting and evaluating controls
- Experience with managing/coordinating an audit relationship
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.
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Opportunities to build close relationships with clients
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.