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Manager, Enterprise Derivatives Reporting

RBC1 day ago
Toronto, ON
Senior Level
full_time

Top Benefits

Comprehensive Total Rewards Program with bonuses and flexible benefits
Competitive compensation package
Best-in-Class Employee Recognition Program

About the role

Job Description

What is the opportunity?

The Manager, Enterprise Derivatives Reporting will be responsible for supporting the Senior Manager in 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 related to RBC’s Derivatives portfolio are provided to Shareholders, Regulators and the Analyst community. The Manager will also support the implementation of process changes to drive efficiency and meet changing external requirements, while maintaining an exceptional control environment.

What will you do?

  • Key member of the team in preparing and delivering RBC’s annual, quarterly and regulatory deliverables:

    • Conduct complex data analysis with large datasets to identify trends, insights and analyze reports and related data for completeness, accuracy, consistency with other disclosure and identify data quality issues by using advance technical skills, automation and identify efficiencies/improvement on current process.
    • Consolidate the monthly Derivatives portfolio to populate quarterly disclosures and monthly deliverables while adding transparency and maintaining financial controls
  • Support the coordination of bank wide reporting of various disclosures such as but not limited to Derivatives disclosures, Offsetting Notes, IBOR disclosure, T106 reporting and Intergroup Derivative reconciliation process

  • Prepare regulatory reports while ensuring accuracy and timely delivery

  • Perform user acceptance testing in Enterprise Derivative Reporting System (eDR) for source system migrations to ensure that the accurate data elements are received by eDR.

  • Prepare derivative netting entries, reconciliations and variance analysis for review by team members or manager in support of monthly and quarterly close processes

  • Prepare and maintain process documentation, accounting guidance, and operational guidance for assigned financial disclosures and regulatory returns

  • Collaborate with internal and external stakeholders for completion of other critical tasks:

    • Work with internal and external auditors to ensure effectiveness of internal controls and audit of external disclosures
    • Collaborate with Business Platforms, Finance, Counterparty credit risk team and eDR and sub ledger IT teams for reporting purposes
  • Provide and implement recommendations on process improvements, automation, and opportunities to enhance controls and/or processes

  • Be an active participant in cross-training with other team-members to ensure team resilience and business continuity planning

  • Perform the GL booking difference analysis, and investigating the differences to fix the issues before books are closed

  • Develop, maintain and enhance intercompany derivative trade vs. general ledger reconciliation report and to take initiatives to address the issues with business units and Information technology division and resolve the differences

  • Perform the monthly and quarterly intercompany derivative trades matching process

  • Build new business rules for intercompany derivative trades matching to eliminate the manual matching exercise

  • Support and improve quarterly reporting on intercompany derivative reconciliation

  • Prepare the Information Return of Non-Arm’s Length Transaction with Non-Residents (T106) reporting to tax group at the year end and to coordinate the efforts to collect and reconcile the information on a quarterly basis

  • Actively work on implementing Enterprise Derivatives related project, driving to successful implementation

What do you need to succeed?

Must-have

  • 4+ years relevant experience in the financial services industry and/or accounting/finance reporting environment
  • Strong analytical, organization and problem solving skills; ability to drive process improvements and efficiencies
  • Excellent computer skills (advanced Excel, Data3sixty Analyze and navigation through large datasets, Tableau)
  • Advanced technical knowledge of IFRS, particularly with respect to Financial Instruments, specifically Derivatives and Offsetting of financial assets and liabilities
  • Strong attention to detail and accuracy and ability to multi-task under tight deadlines
  • Excellent written and verbal communication skills; interpersonal skills

Nice-to-have

  • Chartered Professional Accountant designation, or International equivalent and/or Charted Financial Analyst.
  • Strong understanding of financial institutions, including all facets of RBC’s business and other activities
  • Desire to question the status quo and to be bold to make significant impactful changes
  • Innovative, organized, able to handle and disseminate a significant amount of information from multiple sources

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 operate collaboratively in an office environment where we are onsite 4 days per week. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

  • Excellent exposure to communicate with various business partners and stakeholders
  • Opportunity to obtain hands-on experience throughout your role
  • Working with an exciting, close-knit, supportive & dynamic group
  • Opportunity to collaborate with other business segments within RBC
  • Access to top tier learning resources to help shape your professional career
  • Excellent career development and progression opportunities
  • A comprehensive Total Rewards Program including bonuses and flexible benefits
  • Competitive compensation
  • “Best in Class” Employee Recognition Program

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

  • Drives RBC’s high-performance culture
  • Enables collective achievement of our strategic goals
  • Generates sustainable shareholder returns and above market shareholder value

Job Skills

Accounting, Auditing, Confidentiality, Detail-Oriented, Financial Accounting Systems, Financial Analysis, Financial Controlling, Financial Data Reporting, Financial Recordkeeping, Financial Reporting and Analysis, Financial Reporting Standards (FRS), Financial Statement Analysis, General Ledger Administration, Generally Accepted Accounting Principles (GAAP)

Additional Job Details

Address:

20 KING ST W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-08-25

Application Deadline:

2025-09-22

Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline 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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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.

About RBC

Banking
10,000+

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.

http://rbc.com/legalstuff.

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.

https://www.rbc.com/conditions-dutilisation/