Manager, Financial Reporting and Accounting

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?

• 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

• 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?

Must-have:

• Bachelor's degree in accounting or equivalent combination of education and work experience

• Professional Certification (CPA)

• Excellent knowledge of accounting and financial processes (month-end close, reporting etc.)

• 4+ years of relevant finance-accounting 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.

Nice-to-have:

• Experience in an accounting firm

• 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

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Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.