Director, Accounting and Regulatory Policies

Overview

Director, Accounting and Regulatory Policies Jobs in Mississauga, Canada at 0000050007 Royal Bank of Canada

Job Description

What is the opportunity?For forward-thinking and motivated leaders, this is an opportunity to join the Insurance Platform Financial Control & Reporting team of Canada’s largest company, frequently ranked as one of the top companies to work for in Canada.

RBC Insurance 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 Insurance Platform Finance team, which is responsible for financial close process, provides technical accounting advisory, and establishes the overall control framework for Insurance.

The Director, Accounting & Regulatory Policy will act as an advisor and provide oversight and accounting & regulatory advisory to RBCI. They will seek out opportunities to improve operational accounting processes, drive consistency of financial & regulatory reporting, and bring efficiency, automation, accuracy and reliability in financial statement and regulatory return preparation process. In addition, they will lead operational accounting projects and cross-enterprise initiatives related to the Insurance platform, liaising and collaborating with various stakeholders both within and outside of the platform.

This is a great opportunity for those who have a strong technical accounting & regulatory policy background and are interested in being a key point of contact with internal/external stakeholders.

This role will appeal to individuals who have an appetite for working in a forward looking and innovative environment, and who also thrive on challenges, and make a real difference within Finance and the business.
What will you do?Research and provide technical accounting guidance, as well as address specific technical accounting & regulatory queries raised by various stakeholders. Strong, clear communication to senior management through issue life cycle – from identification to implementation and monitoring, and consideration of existing policies and related controls.

Act as a liaison and subject matter expert on all topics relating to new and existing standards (with IFRS 17 and 9 expertise), disclosure requirements, and proper accounting for transactions

Lead the Platform in updating, revising and clarifying existing accounting policies as written by the enterprise Accounting Policy Group, including interpretations of complex accounting issues related to insurance platform

Provide leadership on certain quarterly and annual external disclosure requirements, including the impact of regulatory changes (OSFI, AMF, etc).

Coordinate and lead the Insurance platform in the management of implementation of new IFRS accounting & regulatory projects, and improvement in existing accounting and regulatory reporting by:

Developing project plans and collaborating with Insurance Finance team to set up and achieve milestones in accordance with the planned objectives.

Lead end-to-end implementation of new accounting requirements in collaboration with the project team and Enterprise, including education, monitoring, and communications, acting as a challenge function, and ensuring appropriate documentation.

Initiates and coordinates discussions to drive accounting projects and initiatives forward and through issue life-cycle of identification, to implementations and operationalization.

Proactively participate in committees and working groups, financial control, and engage with Accounting Policy Group (APG), Financial & Regulatory Reporting (FRR), and Audit.

Initiating and leading education sessions, group meetings, acting as a challenge function.

Maintain a high standard of partner service quality by taking ownership and accountability of incoming requests, and proactively respond to ad-hoc inquiries and requests for financial information and analysis by senior management or other business partners.

In the successful execution of the above responsibilities, the incumbent will act as the liaison between the Insurance Platform and APG, FRR, FSS as well as other teams (e.g. Operations, GRMI, Tax etc.)

in discussing and resolving technical accounting issues, implementation of new accounting…

Title: Director, Accounting and Regulatory Policies

Company: 0000050007 Royal Bank of Canada

Location: Mississauga, Canada

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