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Job Description
What is the opportunity?
RBC Global Asset Management (RBC GAM) is the Asset Management division of Royal Bank of Canada (RBC) and is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC GAM manages close to $600 billion of client assets globally and have approximately 1,700 employees located across Canada, the United States, Europe and Asia.
This opportunity is a key role within Global Asset Management (Finance) who will lead the planning, forecasting, analysis, driver-based reporting and financial controls of the GAM business. The purpose of the role is to provide business leaders value-add advice and actionable financial information to enhance performance and create shareholder value. It is also critical to ensure the overall integrity and completeness of financial results.
**This role can sit in either Toronto or Vancouver
What you will do?
Financial and Management Reporting
- Manage financial performance information for the GAM business. Responsible for the development of insightful analysis and actionable information to support business decisions.
- Work closely with GAM regional finance teams to ensure accuracy and completeness of GAM financial results and provide leadership for month end close processes and related deliverables.
- Oversee the GAM seed capital accounting function including governance, accuracy, and reporting.
- Act as a point of contact for the BlueBay finance team and responsible for high level oversight of global results including data integrity in sub-ledger and EPM.
- Provide accuracy, analysis and timely reporting of GAM operating results - notably AUM, Net Sales, Eliminations, Revenue, NIE and Taxes to diverse stakeholders.
- Proactively take ownership of RBC standard quarterly disclosures to RBC Finance teams as well as for GAM Leadership Committee reporting packages.
- Act as an advisor for any eGL account / transit queries and assist with internal and external audits and integrity of GAM balance sheet and income statement.
- Responsible for reviewing assigned account reconciliations, SODs and PEGA Attestation processes and provide oversight for clearing of outstanding items.
Business Advisory Support
- Provide financial reporting and advice to senior management in GAM business, Finance and functional areas through identification of issues and ongoing monitoring as well as provide analysis of strategic initiatives.
- Effectively support the planning process with timelines, expectations, completeness and proactively present business and financial trajectories to GAM management.
- Work collaboratively with regional teams, BlueBay and other partners throughout the quarterly forecast, annual budgeting and 5YO processes; ensuring that respective trajectories are reasonable.
- Continuous development and maintenance of the suite of analytical reports covering key business drivers, including assets, sales, channels, products, fees and markets returns.
- Effectively understand, communicate, and lead financial implications and analysis of GAM sub-advisory and intra-group relationships across diverse GAM businesses.
- Initiate dialogue and develop an ongoing understanding of business strategies to ensure GAM Senior Management has a clear picture of the firm's financials.
- Support senior executives in GAM and other local business heads on various business cases and proposals to support financial analysis for business growth, PARs and seed capital opportunities.
- Identify opportunities to streamline, enhance efficiencies and automate several key processes.
- Work on GAM related presentations, communicate process changes and provide financial and business review of emerging accounting changes to diverse stakeholders.
Manage a team of high performing individuals
What you need to success?
Must Have
- Accounting Designation (i.e. CPA)
- 7+ years of corporate finance or accounting experience in a senior role within a financial institution.
- Excellent interpersonal skills with a strong client service orientation - willingness to take all issues through to a successful resolution.
- Must be able to deal with a variety of issues on a concurrent basis with the ability to work within tight timelines and work with changing priorities.
- Strong team and people management abilities, and ability to play a leadership role across a wide group of peers
- Keen sense of numbers and strong analytical skills with ability to multitask and handle high-pressure executive level requests on a continuous basis
- Strong analytical skills with the ability to interpret and concisely summarize complex issues
Nice to have
- Knowledge or experience of Asset Management industry a plus
- Multiple stakeholder management skills
- Knowledge of RBC legal entity/management structure an asset
Job Skills
Business Drivers, Corporate Financial Planning and Analysis (FP&A), Finance, Financial Accounting Systems, Financial Analysis, Financial Analysis and Reporting, Financial Forecasting, Management Reporting, Team LeadershipAdditional Job Details
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