Director, Wholesale Financial Control

Job Description What is the opportunity?

The Director, Wholesale Financial Control is a key leader responsible for managing a team of accounting professionals focused on providing critical governance and control functions over the financial results of the Capital Markets business segment, specifically those operating within RBC Dominion Securities (DS). A critical element of this role will also include leadership of cross‑functional initiatives to improve the accounting processes and systems for the DS legal entity.

For forward‑thinking and results‑focused leaders, this is an opportunity to join the Capital Markets Financial Control team of Canada’s largest company, frequently ranked as one of the top companies to work for in Canada. RBC is internationally recognized for its commitment to innovation, diversity, customer satisfaction and corporate social responsibility.

RBC Capital Markets is an innovative and dynamic platform with a diverse product set and fast pace of continuous change, which provides ample scope for learning and career growth. You will be joining the Global Markets Finance team, which comprises our debt, equity, FX and commodities sales and trading businesses as well as our Central Funding Group.

If you are proactive, self‑motivated, excited about finding creative solutions to interesting problems, and interested in building a career within a world‑class financial institution, this is a great opportunity for you.

• You are the Quarterback for Finance with respect to accounting and control issues, and will lead a team through orchestrating relevant activities with other functional partners to enable Front Office transactions. As a result, you will

  • Enable and deepen relationships with the business and other key stakeholders (e.g., Product Control, Performance Management, IT, Risk Management, Accounting Policy, Tax, Capital and other Enterprise Finance partners) striving to be a trusted business partner and the first port of call in resolving finance‑related issues.
  • Develop an understanding of the results of your businesses and key drivers for accounting variances, aiming to provide value‑added advice as the business transforms and adapts to accommodate changes in client needs and the economic environment.
  • Subject matter expert for finance flows and related accounting issues. Maintain technical knowledge and ensure Financial Control, Product Control, and Front Office teams are kept abreast of all new accounting developments.

• Establishing the control and governance framework over the financial reports of each business area as well as ensuring flawless execution of close processes – including review of financial and regulatory submissions (e.g., journal entries, templates) – is fundamental to your role. You will:

  • Oversee the financial and regulatory reporting for all supported business lines to ensure the timely production of accurate financial and regulatory results and disclosures.
  • Ensure that new products and new transactions are appropriately captured in RBC financial reporting systems, and that appropriate accounting methodologies are applied.
  • Manage the monthly Global Attestation review program to ensure proper financial controls supporting external financial results are in place. Ensure that global policies and procedures are adhered to by all stakeholders, including Product Control, Operations, and Head Office Financial and Regulatory Reporting.

• Continuous process improvement and system change are critical to your role. You will play a leadership role in cross‑functional initiatives designed to improve the accounting infrastructure and controls.

  • Actively manage and represent Finance function on platform/global IT system projects/initiatives.
  • Collaborate with other CM Finance functions, including Product Control and Performance Management to optimize processes and controls.
  • Empower the team to innovate and develop initiatives to transform the efficiency and effectiveness of financial control processes, for example, through designing controls and governance procedures with an appropriate risk‑based lens; enhancing processes for better flows; automating manual processes…