Job Description
What is the opportunity?
Our client is a specialist provider of asset services, custody, payments and treasury services. Founded in 1864, they are the 10th largest bank worldwide and the 5th in North America, as measured by market capitalization. They are among a small group of highly rated global banks and are recognized time and time again for our financial strength, market leadership and philanthropic work.
Our client has a processing centre of operational excellence supporting 10 countries across three geographical time zones employing a Global Operating Model to maximise efficiencies across times zones and supports a 24/5 operational capability. The objectives for Malaysia are to enhance the scalability of their global operations, improve service quality via their ‘centres of excellence’ and to implement/leverage standardised processes globally.
To support financial, management and regulatory reporting for the consolidated US Intermediate Holding Company (US IHC) RBC US Group Holdings LLC. Candidate will have accounting and financial reporting responsibilities over the month-end close processes, as well as develop and perform financial analysis to support senior management in understanding the financial results of the US IHC.
What will you do?
- Provide support to the team/business for the overall day-to-day accounting and financial matters.
- Assist with the month-end and quarter-end closing process, including the creation, documentation and posting of journal entries to the general ledger.
- Prepare various Head Office Templates/Reports on a monthly/quarterly basis.
- Prepare monthly attestation package and ensure all accounts are fully reconciled.
- Assist with production and delivery of monthly financial analytical reporting packages to support various teams within the enterprise.
- Respond to internal/external auditor’s queries and provide support and resolution to queries.
- Provide support for the annual audits consolidated financial statements, including planning, footnote disclosures compilation, and serving as point person for audit inquiries.
- Support the daily balance sheet process for the Consolidated US Operations (CUSO)
- Provide support for various regulatory inquiries on reported balances.
- Provide required support for the implementation of new accounting standards or updates.
- Perform or review reconciliations of general ledger balances and resolve discrepancies timely
- Review intergroup reconciliations; coordinate the investigation / resolution of breaks
- Contribute to an effective control environment by creating/refreshing documentation of financial reporting processes
- Support the Financial Control teams as needed
- Continuously develop knowledge of relevant accounting and reporting requirements
- Assist with daily Ad Hoc inquires and requests.
What do you need to succeed?
Must-have
- 5+ years’ experience in financial reporting
- BBA and/or MBA in Accounting/Finance
- CPA or equivalent
- Public accounting experience a plus
- Knowledge of banking industry
- Broad financial statement orientation and comprehension of US GAAP.
- Knowledge of various accounting applications such as – ADP, PeopleSoft, IBM Cognos, SAP, EGL, Bloomberg, Excel and Access
- Strong financial and analytical skills
- Self-started and motivated
What’s in it for you?
Our client thrive on the challenge to be their best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. Our client care about each other, reaching their potential, making a difference to their communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including performance-based bonuses, flexible benefits, and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- A world-class training program in financial services
- A collaborative dynamic culture where personal initiative and hard work are recognized and rewarded
Job Skills
Additional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.
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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.
Skills Required
- 5+ years' experience in financial reporting
- BBA and/or MBA in Accounting/Finance
- CPA or equivalent
- Public accounting experience a plus
- Knowledge of banking industry
- Broad financial statement orientation and comprehension of US GAAP
- Knowledge of various accounting applications
- Strong financial and analytical skills
- Self-starter and motivated
RBC Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about RBC and has not been reviewed or approved by RBC.
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Healthcare Strength — Healthcare coverage is positioned as robust, including medical, dental, vision, life insurance, and disability coverage, with day-one eligibility in some U.S. roles. Mental-health support and virtual care offerings are also emphasized as meaningful parts of the package.
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Retirement Support — Retirement and savings support is described as a structured part of total rewards, including 401(k) matching in the U.S. and enhanced defined-contribution pension contributions in Canada. Additional savings vehicles and employer contributions are presented as adding material value beyond base salary.
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Parental & Family Support — Family-oriented benefits are highlighted through paid parental/caregiver leave in certain U.S. roles and expanded support for fertility, surrogacy, and adoption in Canada. Backup care and related family supports are also presented as strengthening overall benefits attractiveness.
RBC Insights
What We Do
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 88,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities.
