Associate Director, Net Investment Hedge, System & Process Management

Royal Bank of Canada

  • Toronto, ON
  • Permanent
  • Full-time
  • 14 days ago
Job DescriptionWhat is the opportunity?As Associate Director, Net Investment Hedge and Process & System Management, you will lead a team of professionals, providing leadership and subject matter expertise in Net Investment Hedge Accounting, ensuring accurate application of hedge accounting standards. You will also be responsible for maintaining robust hedge accounting system infrastructure and supporting current and new hedging initiatives. This role bridges technical accounting, system management, and strategic project delivery to enable the bank’s risk management objectives.What will you do?Net Investment Hedge Accounting
  • Oversee the accounting, designation, effectiveness testing, and reporting of the net investment hedge program.
  • Deliver accurate and complete financial reporting for the bank’s net investment hedge results, including Financial Statements, Note Disclosures, Regulatory Reporting & Management Reporting.
  • Identify factors that drive changes in the bank’s CTA and related P&L, analyze and explain the hedging results to various stakeholders, including senior management, auditors and regulators.
  • Partner with Corporate Treasury and other stakeholders to create, implement and maintain new net investment hedge program, ensuring compliance with IFRS and RBC Policy.
  • Maintain monthly review process to ensure controls are in place and the appropriate reconciliations are completed.
  • Assist in the investigation of all financial and regulatory reporting matters when needed.
System & Process Management
  • Act as business owner of the hedge accounting systems, ensuring accuracy, integrity and end-to-end reconciliation with the source systems.
  • Driving ongoing system enhancements, including automation and control improvements.
  • Coordinate with IT to manage system upgrades, testing and issue resolution.
  • Manage end-to-end hedging workflows and system operations for the Enterprise Hedge Accounting team.
  • Identify gaps and opportunities in existing processes, leading initiatives to enhance the processes
Support for New Hedging Initiatives
  • Partner with IT and other hedging accounting teams, assessing system & process requirements for new hedging initiatives.
  • Lead system design and testing to enable new hedge relationships and reporting.
  • 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.
What do you need to succeed?Must Have
  • CPA, CA/CMA/CGA, and/or CFA
  • Experience in banking industry with strong emphasis on overall understanding of hedge accounting, financial reporting, Capital Markets control and operations, and Treasury business model
  • Deep knowledge of hedging accounting under IFRS and US GAAP with emphasis on net investment hedge.
  • Excellent communication and stakeholder management across Treasury, Finance, Risk, IT and audit.
  • Ability to bridge technical accounting, system capabilities and business objectives in a clear and practical way.
  • Ability to deliver and manage tight deadlines
  • Experience in system ownership/management.
Job Skills Accounting, Accounting Finance, Decision Making, Financial Planning and Analysis (FP&A), Long Term Planning, Oral Communications, Organizational Savvy and Politics, Strategic Thinking, Team Management, Time ManagementAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TorontoCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: OFFICE OF THE CFOJob Type: RegularPay Type: SalariedPosted Date: 2025-08-20Application Deadline: 2025-09-05Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.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 .

Royal Bank of Canada