Royal Bank of Canada

Manager, Enterprise Hedge Accounting

Royal Bank of Canada • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
3 weeks ago
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in financial roles preferably related to wholesale finance.
  • In-depth knowledge of complex financial instruments and hedge accounting is desirable.
  • Technical expertise in financial and statutory accounting standards is required.
  • Exceptional attention to detail is critical.
  • Strong analytical, judgmental, and conceptual skills are essential.
  • Excellent communication and interpersonal abilities are necessary.
  • Experience in operations workflow management and process improvement is a plus.

Responsibilities

  • Deliver accurate Financial and Regulatory Reporting for Wholesale Finance results.
  • Manage end-to-end workflows for hedging and system operations.
  • Prepare daily inception documentation and validate transaction details.
  • Identify system and process enhancements, particularly in automation.
  • Ensure accurate capture of new hedges and transactions in financial reporting systems.
  • Achieve compliance with SOX and RBC's EUC documentation.
  • Participate in ad-hoc projects as assigned by the reporting manager.

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits.
  • Support for personal development through coaching and management opportunities.
  • Opportunity to make a significant impact within the organization.
  • Work in a dynamic and collaborative team environment.
  • Access to a world-class training program in financial services.
  • Potential for career advancement through greater accountabilities.
Full Job Description
Job Description

What is the Opportunity?

You will manage the financial control responsibilities in the Wholesale Finance group with the objective of delivering timely, accurate and reliable financial information. In this capacity, you will be working on the reporting and production aspects of RBC's Net Investment, Cash Flow & Fair Value hedge accounting programs thereby helping the bank mitigate its interest rate & FX risk.

What will you do?
  • Ensure the provision of accurate and complete Financial and Regulatory Reporting for Wholesale Finance results.
  • Manage end-to-end hedging workflows and system operations
  • Prepare daily inception documentation through validating transaction details; performing effectiveness testing and monitoring counterparty credit risk
  • Identify and assist in system and process enhancement initiatives including the Automation project
  • Responsible to ensure new hedges, products and transactions are appropriately captured in RBC Financial Reporting Systems, including the appropriate use of GLs and Financial Statement reporting lines.
  • Ensure SOX and RBC EUC documentation compliance and completeness including new controls/ process.
  • Participate in ad-hoc projects as directed by reporting manager.
  • Ensure accurate external reporting, including FS, note disclosures, regulatory reporting & management reporting.
  • Maintenance of the monthly review program to ensure financial controls are in place and the appropriate reconciliations are completed. Ensure that global policies and procedures are adhered to by all stakeholders, including Product Control, Operations, and Head Office Statutory & Regulatory Reporting to ensure consistency and adequacy of reconciliations.
  • Assist in the investigation of all financial and regulatory reporting matters. Maintain technical knowledge and keep abreast of all new accounting developments including hedge accounting changes.
  • Support the operational execution and implementation of new accounting standards. Assess related financial reporting impact, coordinate and execute implementation plan.


What do you need to succeed?

Must-have
  • Knowledge of complex financial instruments and transactions, together with a willingness and interest in developing that knowledge.
  • Strong attention to details.
  • Technical competence in relevant financial and statutory accounting standards.
  • Highly developed communication, interpersonal and negotiation skills are considered necessary for the success of this role. Strong financial, analytical, judgmental and conceptual skills.
  • Ability to manage operations workflows and process improvement experience.
  • Excellent presentation and report writing skills.
  • Strong team skills and work ethic.


Nice to have
  • Accounting designation or CFA
  • Hedge accounting knowledge is an asset
  • Knowledge of RBC's reporting systems and infrastructure


What's in it for you?

  • 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.
  • A world-class training program in financial services.
  • Opportunities to take on progressively greater accountabilities.


Job Skills
Accounting, Accounting Finance, Decision Making, Financial Planning and Analysis (FP&A), Group Problem Solving, Long Term Planning, Organizational Savvy and Politics, Strategic Thinking, Time Management, Waterfall Model

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST: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:

2026-05-04

Application Deadline:

2026-06-12
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
Finance & Insurance
5 Year Trend
+8.7%
NASDAQ
RY
* Ladders Estimates

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