Manager, CM Variable Compensation
City : TORONTO, Ontario, Canada
Category : Finance | Accounting
Industry : Financial/Banking
Employer : RBC
Come Work with Us!
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.
Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.
What will you do?
o Manage reporting and analysis of Capital Markets (CM) variable compensation programs
o Act as a key contact with HR personnel and all Financial Control staff to ensure the accurate reporting of current and deferred compensation programs.
o Manage the CM general pool bonus calculation and reporting.
o Coordinate monthly bonus accrual booking and reconciliation process with global financial controllers.
o Manage the year-end variable compensation payment reconciliation process through dealings with HR and FC staff across all global regions.
o Review regional submissions for reasonability and provide guidance as the subject matter expert
o Perform consolidated CM bonus reconciliation and over/under analysis for senior management.
o Prepare allocation of hedging costs and MTM of CM deferred compensation plan and hedging ineffectiveness analysis.
o Prepare bonus-related note disclosures, tax analysis and slides for senior management
o Proactively identify and manage process improvements and streamlining opportunities for the end-to-end variable compensation process.
o Assist HR IT to automate variable compensation reporting.
o Prepare taxable equivalent gross up calculation and reconciliation.
o Assist with the monthly financial close process, ensuring accurate month end results are reported by global teams.
o Prepare and review balance sheet disclosures and quarterly reporting.
o Manage external audit quarterly assistance schedule with all regions.
Special projects as required.
What do you need to succeed?
• Undergraduate University Degree required
• Accounting designation (CA, CPA, CMA) required
• Minimum 2 years of experience in an accounting/auditing and reporting environment
• Strong verbal and written communication skills
• Excellent organization skills and ability to manage multiple priorities simultaneously
• Conflicts and issues resolution and escalation
• Motivated and proactive individual who can work in a high pressure, high reward environment
o Acting as the subject matter expert for Capital Markets Variable Compensation by supporting internal and external reporting and analysis
o Overseeing the end-to-end process of variable compensation by understanding the estimate process, ensuring accurate monthly reporting and preparing over/under-accrual analysis to determine the bonus available to be paid
o Identifying and implementing new projects to enhance monthly management reporting and streamline processes
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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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 rbc.com/careers.