Senior Manager, Financial and Regulatory Reporting Initiatives

Job Description

What is the opportunity?For forward-thinking and results focused leaders, this is an opportunity to join the Financial and Regulatory Reporting (FRR) team at RBC, Canada’s largest bank. Frequently ranked as one of the top companies to work for in Canada, RBC is recognized for its commitment to innovation, diversity, customer satisfaction and corporate social responsibility.

As part of the FRR team in Enterprise Controllers’ Group in our Toronto head office you will be part of a collaborative team culture that strives to challenge ourselves to be our best, think progressively, and work together to deliver collective results

Working with the Director, Financial and Regulatory Reporting Initiatives, the Senior Manager, Financial and Regulatory Reporting Initiatives, will be responsible for leading and managing the implementation of new regulatory, and financial including Intake and Analysis, and interpreting new rules and regulation and manage the process of delivering accurate, timely, consistent and value-added reporting to Senior Management and Financial Information Committee (FIC) agencies OSFI, Bank of Canada and CDIC and Statistics Canada.

Additionally, the Senior Manager will work with the Director to enhance the systems, processes, and controls ensuring data integrity in our reporting. The role requires an individual who has strong regulatory reporting knowledge, technical, project collaboration and analytical abilities, is an effective communicator and shows willingness to acquire new skills and industry knowledge.

This role will appeal to individuals who want to work in a fast-paced area that has significant visibility and a high profile across RBC, who have an appetite for personal growth while working in a forward looking and innovative environment, and who also thrive on challenges to make a real difference with lasting impact.
What will you do

As a key member of the Financial and Regulatory Reporting (FRR) Initiative team the individual will be responsible for leading and implementing new CDIC/other regulatory requirements including analyzing and interpreting new rules and regulations, assessing reporting implications, designing, and coordinating data collection processes and reporting templates, actively exploring report automation opportunities, communicating and providing guidance to finance units on new reporting requirements.

Lead and review the various CDIC annual reporting and by law changes and provide guidance related to CDIC related issues including Fast Insurance Determination Certification – which involves extensive knowledge of CDIC rules, existing CDIC reporting and deposit products including source systems.

Accountable for establishing and maintaining an effective financial/regulatory control environment, including operating guidelines and a RACI collaboration framework for effective partnership with businesses, platform, finance technology and regulatory strategy delivery teams

Participate in industry working groups to discuss preliminary plan for implementing the change required by regulatory developments and assign primary ownership to the business partners.

The Senior Manager is responsible for assessing the potential impact of the regulatory changes and communicating the same to stakeholders’ business, legal group, and compliance. Recommend potential course of action the bank should adapt in terms of new process, policies, and procedures.

The Senior Manager is responsible to be the subject matter expert CDIC /regulatory filings for ongoing design, implementation, and maintenance of certain key control processes. The position requires good understanding of regulatory / financial requirement, ongoing communication with regulators and business units in various geographic locations is required to resolve reporting differences / issues. This includes communication to senior management through issue life cycle: identification, recommendation, implementation, and monitoring.

Work with internal and external auditors as required and support the audit deliverables.

Foster collaboration and high performance with key stakeholders including platform financial control…