What are the responsibilities and job description for the Senior Manager Financial Control and Reporting position at Royal Bank of Canada?
Job Summary
As a leader within the RBC Bank Finance team, this role participates in all aspects of RBC Bank’s financial and regulatory 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.
Job Description
Oversees daily accounting operations to ensure accuracy of RBC Bank’s financial records. Responsibilities include : monthly, quarterly, and annual accounting close processes, retention of work papers and review evidence, journal entry approval, review / approval of reconciliations, procedure updates, control execution, and review of reporting packages.
Assist in the preparation of various financial reports including but not limited to Earnings Flash, Audit Committee materials, and other reports for senior management
Coordinate and interface with other RBC Bank departments, IHC, and RBC on accounting and reporting matters
Perform impact analysis of newly issued / proposed accounting pronouncements and new transactions and present results to senior management. Prepare associated memos and other documentation as applicable.
Collaborate with partners across the organization to identify relevant financial risks and controls. Coordinate and lead discussions with controls owners. Evaluate existing controls for adequacy in mitigating the risks. Assist in the evaluation of control deficiencies and in the development of remediation plans
Act as liaison between RBC Bank and its independent accounting firm, internal audit, and 1st and 2nd line control testing teams
Provide leadership to the preparation of the annual financial statements and notes with accountability for accuracy, completeness and compliance with accounting standards and procedures. Coordinate stakeholder reviews and collaborate directly with external auditors to resolve issues
Review regulatory reports and supporting documentation and ensure reports are filed within established deadlines (Examples : Call Report, Y-9C, FR-009, CCAR, FR Y-15). Responsibilities include : interpreting regulatory guidance and instructions, reviewing detailed supporting workpapers and draft reports, and maintaining an appropriate internal controls framework, and ensuring controls are executed as designed
Stay current on new or changing bank regulatory reports, guidance, and instructions. Implement new and changing reporting requirements, including establishing new processes or enhancements to existing processes. Prepares associated memos and supporting documentation where applicable
Collaborate with colleagues to implement automation or process changes to reduce manual production efforts
Participates in staff development and hiring of personnel. Provides direction to the team by assigning tasks and responsibilities, providing necessary guidance on work papers, and ensuing timely completion of assignments.
What do you need to succeed?
Basic Qualifications
Bachelor’s degree in accounting or equivalent combination of education and work experience
Excellent knowledge of accounting and financial processes (month-end close, reporting etc.)
At least 7 years of experience
Advanced 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.
Preferred Qualifications :
Professional Certification (CPA)
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 building close relationships with clients
Job Skills
Accounting, Accounting Finance, Accounting Research, Decision Making, Documentations, Financial Planning and Analysis (FP&A), Long Term Planning, Oral Communications, Organizational Savvy and Politics, Preparation of Financial Reports, Regulatory Reporting, Reporting Requirements, Strategic Thinking, Team Management, Technical Accounting, Time Management
Additional Job Details
Address :
8081 ARCO CORPORATE DRIVE : RALEIGH
City :
Raleigh
Country :
United States of America
Work hours / week :
Employment Type :
Full time
Platform :
OFFICE OF THE CFO
Job Type :
Regular
Pay Type :
Salaried
Posted Date :
2024-10-15
Application Deadline :
nclusion
and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.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](https : / / jobs.rbc.com / ca / en).
Keep a pulse on the job market with advanced job matching technology.
If your compensation planning software is too rigid to deploy winning incentive strategies, it’s time to find an adaptable solution.
Compensation Planning
Enhance your organization's compensation strategy with salary data sets that HR and team managers can use to pay your staff right.
Surveys & Data Sets
What is the career path for a Senior Manager Financial Control and Reporting?
Sign up to receive alerts about other jobs on the Senior Manager Financial Control and Reporting career path by checking the boxes next to the positions that interest you.
Not the job you're looking for? Here are some other Senior Manager Financial Control and Reporting jobs in the Raleigh, NC area that may be a better fit.
We don't have any other Senior Manager Financial Control and Reporting jobs in the Raleigh, NC area right now.
Demo
Fridley, MN
Full Time