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Form of workJob Summary
Job Description
What is the Opportunity?
Provide Financial control support for Legal Entity CMLLC broker dealer, inclusive of Capital Markets, Wealth Management and Corporate Accounting and Reporting.
What will you do?
- Focus is on process improvement, where all team processes are analyzed back to back, with a view of finding improvements and implementing remediation procedures where needed, using GPE and other automation (i.e. BOTs)
- Perform timely Balance Sheet reconciliations and attestations, including review of Standard of Documentation (SODs)
- Perform and update SOX controls, working with both internal and external auditors
- Assessing financial risk and establish proper infrastructure & processes to ensure financial results are reported completely and accurately and risks are adequately managed
- Ensure all processes have sufficient SOX and business controls, identify and remediate any control gaps, use automation to bridge the gaps where feasible
- Compile various financial reports for CMLLC broker dealer on a monthly basis, under US GAAP and IFRS
- Compile financial reports and supplemental schedules as required by Head Office under IFRS
- Supervise month-end close and analytical review for CMLLC Legal Entity
- Ensure a sound internal control structure for reconciliations
- Work with Product controllers and Operations teams to assure compliance with accounting policies
- Decompose complex transactions and related bookings to ledgers where needed for detailed analysis and interpretation
- Liaise with senior management and on a quarterly basis lead meetings to go over topics and issues of interest
- Assessing the accounting implications of new products and initiatives to enable business partners to make sound decisions; Assess and implement new accounting standards and policies.
- Analyze Investment Banking transactions with a view of proper revenue recognition cut-off
- Ensure timely communication of accurate results to the Tax team during the monthly close; assist with tax entries as needed
- Timely settlements and pre-settlements of affiliate related receivables with a view of managing down the capital charges
- Involved in various ad-hoc projects impacting the team
- Liaise with internal and external auditors
- Supervise a team of 3-4, provide thought leadership, guidance and training
What do you need to succeed?
Requirements
- Bachelor's Degree in Accounting
- Minimum 8 years recent relevant experience
- Previous experience in evaluating reconciliations and controls over financial reporting
- Ability to work under pressure and tight timelines
- Interpretation and application of accounting policies
- Familiarity with procedures in sub-ledger closing
- Strong interpersonal and communication skills
- Ability to identify problems and resolve them in a timely manner
Must haves
- Bachelor's Degree in Accounting
- Minimum 8 years recent relevant experience
- Previous experience in evaluating reconciliations and controls over financial reporting
- Ability to work under pressure and tight timelines
- Interpretation and application of accounting policies
- Familiarity with procedures in sub-ledger closing
- Strong interpersonal and communication skills
- Ability to identify problems and resolve them in a timely manner
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
The good-faith expected salary range for the above position is $110,000 - $185,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs.This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
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 Finance, Balance Sheets, Corporate Accounting, Decision Making, Generally Accepted Accounting Principles (GAAP), Internal Controls, Monthly Close Process, Oral Communications, Reconciliations, Team Management, Time ManagementAdditional Job Details
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Inclusion 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.
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