U.S. Broker-Dealer Controller
The U.S. broker-dealer controller will be responsible for leading the teams responsible for all day-to-day general accounting matters for the U.S. Broker Dealers (RBC Capital Markets LLC and RBC CMA Ltd.), This includes the month/quarter/year-end close processes, general ledger administration, reconciliation, and financial analysis/reporting. They will serve as liaison with the external auditors and key regulatory contacts (e.g. SEC, FINRA, CFTC, NFA) and enhance and oversee a strong internal control environment. They will be responsible for driving collaboration, communication and innovation across the department to promote the development of talent and enhance the overall skillsets within the U.S. Finance department. This role will also support enterprise-wide initiatives and research across the entire U.S. broker-dealer space in terms of ensuring proper adherence to USGAAP/IFRS accounting and SEC/FINRA regulatory reporting requirements as required.
Lead and provide oversight of all month-end close and financial reporting processes ensuring accuracy, timeliness and adherence to US GAAP, IFRS and regulatory standards for the U.S. Broker Dealer and other affiliated entities.
Lead and oversee the multi-locational team responsible for the accounting functions for the U.S. Broker Dealers, and other affiliated entities.
Ensure revenue, expense and balance sheet balances are accurately reflected according to both US GAAP and IFRS standards.
Maintain a strong partnership with all Head Office Financial Control functions to support a high volume of reporting, control, and disclosure requirements.
Serve as principal liaison with regulators (FINRA, SEC, CFTC, NFA), external auditors, and RBC's internal audit function ensuring transparency and timely resolution of audit inquiries.
Key point of contact for all internal and external audit relationships for the Broker Dealers and responsible for all aspects of the annual external audit. Ensure timely close of all outstanding Audit points.
Continuously enhance a strong internal control environment and governance framework for the U.S. Broker Dealers and other affiliated entities ensuring robust controls and effective execution across all processes and audit readiness.
Oversee the monitoring of compliance with policies, procedures and reporting requirements for RBC's U.S. broker-dealers: RBC Capital Markets LLC and RBC CMA Ltd.
Provide subject matter expert guidance to all platforms in structuring complex transactions as well as new product initiatives, while partnering with key functional groups (i.e. Legal, Operations, Compliance, Tax, Product Control and Accounting Policies).
Lead impact assessment and implementation of new accounting pronouncements, aligning stakeholders to ensure consistent application across U.S. business platforms
Communicate financial results and regulatory calculations to members of senior membership in a clear and concise manner; provide interpretation and guidance to senior management.
Drive finance transformation initiatives to integrate finance ERP systems, automation, analytics and optimizing finance operating model and processes.
Drive efficiency through AI initiatives and collaboration across the organization.
Drive performance and accountability with responsibility for setting clear, bold, ambitious team and individual goals that align to organizational priorities, including simplifying work and removing barriers.
Ensure that employees understand RBC's purpose, values and behaviors that elevate the team's collective performance with measurable outcomes.
Promote a safe, inclusive and accessible environment that brings out the best in people and reinforces a sense of belonging, trust and well-being.
Understand and exemplify RBC leadership behaviors taking ownership to drive growth, acting with a global mindset and making decisions that serve the full breath of RBC.
Contributes to an exceptional employee experience through strong people leadership practices that invest in potential, gives honest feedback and removes barriers to performance.
Must have:
- Minimum 10 years' experience within a financial services/broker dealer environment and possess a comprehensive understanding of financial products across Capital Markets, Wealth Management and Retail Banking.
- CPA and Series 27 preferred. Advanced degree in Accounting, Finance or Business a plus.
- In-depth experience and knowledge of all IFRS and GAAP accounting requirements.
- Proven ability to lead teams, influence across a global-matrixed environment, and operate effectively at the executive and board level.
- Strong understanding of regional and global P&L reporting.
- General understanding of SEC and FINRA regulatory reports.
Nice-to-have:
- Clear, confident communicator with the ability to distill complexity into actionable insight and influence senior stakeholders internally and externally.
- Strong operational discipline with a bias toward execution, accountability and enhancing controls.
- Strong collaboration and relationship management skills.
- Ability to navigate and excel in a matrix management environment.
We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services
- Flexible work/life balance options
- Opportunities to do challenging work
The good-faith expected salary range for the above position is $160,000 - $260,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.
RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:
- Drives RBC's high performance culture
- Enables collective achievement of our strategic goals
- Generates sustainable shareholder returns and above market shareholder value
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