Senior Manager, Accounting Policy and Auditor Independence

Toronto, Ontario, Canada
Competitive salary
16 Sep 2020
17 Sep 2020
Job role
Experience level
What is the opportunity?

As part of the Chief Accountant's 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 to keep growing, and work together to deliver collective results.

The Accounting Policy function serves a critical role by providing insights & advice on complex accounting issues from across the organization. We are trusted business advisors who evaluate and advise on accounting impacts to RBC's business, drive change to operationalize accounting policies, actively participate in industry advocacy and oversee independence from our external auditors. We also play a significant role in telling the story of RBC's financial results to the public through the quarterly Financial Statements and Notes to Shareholders.

As the Senior Manager, Accounting Policy and Auditor Independence, you will lead a transformation of the Auditor Independence function to streamline activities while mitigating risk. You will develop materials supporting the Audit Committee of the Board of Directors of the Bank in their oversight over our external auditors, including the audit plan, audit fees, and evaluation of the external auditors based on quality of service, independence, objectivity, and expertise. You will also play an integral role in the accounting policy team, providing advice and counsel to our business and finance partners. You will also review and draft certain quarterly and annual financial statements and notes to shareholders. This is a leadership role within RBC' Finance department and is an ideal position from which to develop an understanding of RBC's significant business issues, build leadership skills and develop strong relationships across the Bank.

What will you do?
  • Provide oversight of and insights into our audit and audit-related fees by entity:
  • Foster trust and cross-functional efficiencies through effective collaboration with key contributors across Finance and other functional groups, including Procurement and Human Resources and our external auditor
  • Develop strategies and perform analysis to support fair fees charged by our auditors
  • Develop auditor independence materials for the meetings of the Audit Committee of the Bank's Board of Directors
  • Exposure to senior executives as you guide them through the review process and address any feedback in a constructive and timely manner. Know when to push, pivot or let go
  • Ensure communications are effective, concise and timely, addressing key audit requirements across the bank
  • Lead the quarterly and annual XBRL filings. Own the process, implement process improvements and challenge the status quo
  • Provide advice and counsel to our business and finance counterparts on key accounting and disclosure issues
  • Review and draft certain quarterly Report to Shareholders and Annual Report notes, working with key stakeholders to ensure the accuracy of our disclosures including compliance with our corporate accounting policies
  • Contribute to a collaborative, team-first environment

  • What do you need to succeed?

  • Chartered Professional Accountant designation
  • At least 6 years of working experience in a financial services and/or accounting policy or similar role, with strong technical background in IFRS. Experience with financial reporting is required
  • Excellent written and verbal communication skills, including experience with executive communication
  • Strong analytical, organizational and problem solving skills - ability to manage multiple priorities and lead independently, while knowing when to escalate and ask for support
  • Curiosity to learn new ways to do things, willingness to challenge the status quo, and ability to drive process improvements and efficiencies
  • Strong attention to detail and accuracy
  • A commitment to develop leaders at every level and elevate your team's performance

  • Nice-to-have
  • Working knowledge of auditor independence rules is desirable
  • Working technical background in US GAAP is desirable
  • Strong understanding of accounting, regulatory and financial institutions' disclosure requirements
  • Additional certifications or qualifications (MBA/ CFA/ Masters of Finance or Economics)

  • 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.
  • Opportunity to do varied and intellectually challenging work and gain exposure to a wide range of stakeholders across the enterprise
  • Opportunity to own an end-to-end process and drive positive change through your leadership
  • A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
  • Leaders and mentors who support your development through coaching and managing opportunities
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • Learning opportunities to help you sharpen your skills in addition to hands-on experience in the global, fast-changing business world
  • Development of leadership and technical skills through leading-edge learning development solutions such as our RBC Leadership Development program, career milestone learning programs, and technical training

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    Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

    City: Toronto
    Address: 155 Wellington Street W
    Work Hours/Week: 37.5
    Work Environment: Office
    Employment Type: Permanent
    Career Level: Experienced Hire/Professional
    Pay Type: Salary + Variable Bonus
    Required Travel (%): 0
    Exempt/Non-Exempt: N/A
    People Manager: No
    Application Deadline: 09/25/2020
    Platform: CFO Group
    Req ID: 273422
    Ad Code(s): None