Senior Accountant

Job Highlights

• Title Senior Accountant
• Type Full Time
• Experience Not Indicated
• Function Finance/Accounting
• Location Jersey City, NJ, United States
• Company RBC

Company Profile

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance.

Job Profile

The bank is recruiting a Senior Accountant who will provide oversight of the books and records of CM LLC.

Primarily manage and perform various controls and analyses to ensure that the books are accurate and in compliance with IFRS/US GAAP reporting requirements.

Education Level

• BA Degree in Accounting
• MBA/MS degree in Finance or Accounting (optional)

Work Experience

• CPA/Public accounting (audit) experience (preferred)
• Series 27 (preferred)

Duties/Responsibilities

• Assist in the preparation of CM LLC currency exposure and hedge analysis
• Assist with ad-hoc inquiries and requests from various teams (see Key Relationships)
• Assist with CM LLC & MP LLC intergroup reconciliations; coordinate the cleanup of large breaks
• Assist with knowledge development of the broker-dealer team by keeping up to date with relevant accounting
• Identify and coordinate adjustments needed at month-end for financial reporting purposes
• Liaison with external/internal auditors and assist with tax and regulatory examinations
• Perform reviews of attestation results and assist with the resolution of problem accounts
• Perform various oversight functions to ensure that the books/records of CM LLC & MP LLC are accurate and in compliance with US GAAP/IFRS reporting requirements
• Prepare and assist with the sub-ledger to ledger interface; ensuring mappings and preparation of various reconciliations, unpostable, suspense, and any issues with the sub-ledger feeds timely
• Prepare and maintain supporting documentation for journal entries and ledger balances
• Review and prepare standard of documentation binders, month-end worklist binder, and Workflow models (BRAG) for compliance with RBC policy to ensure high quality of reconciliations and related support
• Support IHC/FBO/CCAR and other workflows dependent on CM LLC sub-ledger details supporting ledger balances.
• Work closely with management to help establish and maintain relevant procedures, controls, and process improvements
• Work collaboratively with various RBC Teams including Change Management and IT to address process and control deficiencies and complete required tasks

Skills/Knowledge/Abilities

• Ability to work independently, collaboratively, and manage competing priorities
• Ability to work overtime as needed
• Advanced Excel skills, including data lookups, pivot table
• Broad knowledge of financial products and trading/settlement processes
• Proficient in US GAAP and IFRS requirements
• SQL/VBA excel programming skills a plus
• Strong broker-dealer accounting, reporting, and financial statement preparation experience
• Strong organizational skills
• Strong problem-solving and analytical skills

Other Job Skills-

• Accounting, Auditing, Detail-Oriented, Financial Accounting Systems, Financial Analysis and Reporting, Financial Recordkeeping, General Ledger Administration, Generally Accepted Accounting Principles (GAAP), Tax Management

Benefits/Perks

• The bank offers compensation that includes a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and a paid time-off plan.

Employer’s Statement

RBC is an Equal Opportunity Employer.