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Job Title

12 month FTC / Secondment - Head of Financial Assurance, UK & Europe Financial Control (London)

Job Description

What is the opportunity?

As a key member of the Financial Assurance Team within UK and Europe Financial Control, you will be part of a collaborative team culture that strives to challenge ourselves to be our best, think progressively to keep growing, and work together to deliver collective results.

The Head of Financial Assurance serves a critical role in the maintenance and enhancement of the control environment and associated governance of the CFO Group in the UK and Europe in accordance with key external governance and reporting requirements set out by the PRA Senior Managers Regime (SMR) and PRA/FCA "Systems and Controls", including general ledger attestation oversight and monitoring, reconciliation design and operational effectiveness, management of actions from SOX control testing and reporting of financial results and key control indicators to senior stakeholders, the Board and the Audit Committee.

The Head will support the European CFO in the ongoing processes for the review and update of the European CFO Group risk control self assessment and role and position mandates in accordance with the SMR, whilst supporting other requests for management information reporting or initiatives. 

The Head and the Financial Assurance Team work together with global and regional operational and functional groups and offers the opportunity to build trusted relationships with colleagues and senior management across our Business Platforms, namely RBC Capital Markets (CM - Europe), Investor Services (IS) and Wealth Management (WM - Europe).

General ledger attestation process

Accountable for the management and the facilitation and material preparation of the monthly Attestation Committee by reviewing materials and general ledger attestation results for accuracy and providing insight into potential risk areas to Chair, the European CFO and associated stakeholders of the in-scope legal entities and branches’ balance sheet accounts.

Management of the monthly Standard of Documentation (SoD packs) second level review process to ensure reviews are conducted in accordance with the Enterprise General Ledger Attestation Policy and coordination of the scorecard submissions to Head Office.

Proactively supporting Operations and Finance Teams with best practice advisory to ensure general ledger accounts are attested appropriately and variance analysis commentary is sufficiently detailed in PEGA (the GL attestation process workflow tool).

Responsible for presenting regional attestation results and escalate issues to the Global and Enterprise Attestation Committee.

Management of the monthly consolidated attestation analysis and ageing templates for submission to Head Office.

Management of the quarterly assessment of the design and operational effectiveness of account reconciliation processes and reporting results to Head Office.

Proactively supporting Operations and Finance Teams with best practice advisory on the execution of remediation plans for reconciliations rated amber or red and monitor and report progress to senior management at the monthly attestation meeting.

Work Paper Review and advisory

Functional Governance & Controls

Accountable for the management and the facilitation and material preparation of the monthly Finance Executive Committee by reviewing materials for accuracy and providing insight into potential risk areas to the European CFO and associated stakeholders of the in-scope legal entities and branches’.

Responsible for the preparation of the Quarterly Finance Function Report, including the compilation of Financial, Key Control Indicators, Conduct and Operational Risk, and FTE metrics.

Accountable for the management and the facilitation and material preparation of the monthly European Functions Executive Committee by reviewing materials for accuracy and providing insight into potential risk areas to the European CFO and associated stakeholders of the in-scope legal entities and branches’.

Responsible for attending the Accounting Policy and Interpretation Committee in capacity of an attendee to ensure any issues are escalated to the European CFO via appropriate escalation routes.

Responsible for the management of the role of secretary to the COREP Data Attestation Committee.

Leading the preparation and/or collation of updates and materials to the CM Executive Committee, Board and Audit Committee on behalf of the European CFO Group.

Leading the ongoing maintenance of the documentation supporting the delegation Senior Manager responsibilities in accordance with the Senior Manager Regime.

Leading the annual refresh of the Finance Function Handbook.

CFO Support and Initiatives

Responsible for facilitating the the quarterly update of the  ‘risk control self assessment’ in conjunction with the Senior Leadership Team.

Responsible for the tracking of internal Audit action items and supporting action owners to close before due the date.

Responsible as the Financial Control representative in Business Continuity Management.

Ad hoc and new initiatives or project that arise.

People Management

Responsible for managing and developing a collaborative team culture that strives to challenge the team to be the best, think progressively to keep growing, and work together to deliver collective results.

Job Summary

As a key member of the Financial Assurance Team within UK and Europe Financial Control, you will be part of a collaborative team culture that strives to challenge ourselves to be our best, think progressively to keep growing, and work together to deliver collective results.

The Head of Financial Assurance serves a critical role in the maintenance and enhancement of the control environment and associated governance of the CFO Group in the UK and Europe in accordance with key external governance and reporting requirements set out by the PRA Senior Managers Regime (SMR) and PRA/FCA "Systems and Controls", including general ledger attestation oversight and monitoring, reconciliation design and operational effectiveness, management of actions from SOX control testing and reporting of financial results and key control indicators to senior stakeholders, the Board and the Audit Committee.

The Head will support the European CFO in the ongoing processes for the review and update of the European CFO Group risk control self assessment and role and position mandates in accordance with the SMR, whilst supporting other requests for management information reporting or initiatives.

The Head and the Financial Assurance Team work together with global and regional operational and functional groups and offers the opportunity to build trusted relationships with colleagues and senior management across our Business Platforms, namely RBC Capital Markets (CM - Europe), Investor Services (IS) and Wealth Management (WM - Europe).

Address:

London, United Kingdom of Great Britain and Northern Ireland

City:

GBR-GREATER_LONDON-LONDON

Country:

United Kingdom

Work hours/week:

35

Employment Type:

Full time

Platform:

Office of the CFO

Job Type:

Contract (Fixed Term)

Pay Type:

Salaried

Posted Date:

2022-03-20-07:00

Application Deadline:

2022-04-01-07:00

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.

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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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