Senior Manager, Derivatives Reporting

Job Description

Job Description What is the opportunity? The Senior Manager, Derivatives Reporting provides leadership, efficient and effective management to the team. The Senior Manager, reporting to the Director, is an integral part of fostering team-building, trust and cross-functional efficiencies through effective collaboration with key contributors and stakeholders across a wide range of deliverables. The Senior Manager will be responsible for 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 regarding RBC’s derivatives portfolio are provided to Shareholders, Regulators and the Analyst community. The role provides the opportunity to build relationships with senior members from across Finance, Risk Management and our Business Platforms. What will you do? Lead and empower a team of 3 professionals to drive timely and accurate delivery of monthly, quarterly and year-end deliverables. Use your unique perspective to set ambitious goals and drive change – challenge the status quo to deliver efficiencies through automation, elimination and/or centralization. Lead and oversee the month end close process and quarterly processes and deliverables: Review and oversee the coordination of bank wide reporting of various disclosures such as but not limited to Derivatives disclosure, Offsetting and other notes related. T106 and Intergroup derivatives reconciliation process. Review monthly elimination entries, derecognition and netting adjustments, reconciliations and variance analysis Lead the UAT in Enterprise Derivatives Reporting System ( EDR) for source system migrations to ensure that the accurate data elements are received by EDr. Provide advice and counsel to Business Platforms on Derivatives matter. Ensure preparation and maintenance of process documentation, accounting guidance and operational guidance for financial and regulatory returns. Collaborate with internal and external stakeholders in the completion of other critical tasks for the Bank: Work with Head Office Finance teams, including Accounting Policy, to ensure the effective implementation of new accounting requirements. Collaborate with Business Platforms, Finance, Counterparty credit risk team and eDR and sub ledger IT teams for reporting purposes. Work with Internal and external auditors to ensure effectiveness of internal controls and audit of external disclosures. Provide and implement recommendations on process improvements, automation, and opportunities to enhance controls and/or processes. Ensure cross- training within team-members to ensure team resilience and business continuity planning. What do you need to succeed? Must Have Strong analytical, organizational and problem solving skills; ability to drive process improvements and efficiencies 6 years’ experience in an accounting/finance and reporting environment. Excellent computer skills (adv

Required Skills