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Hedge Accounting Analyst job in Canada

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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.

Job Title

Hedge Accounting Analyst

Job Description

What is the Opportunity?

The Hedge Accounting Analyst will be responsible for managing the financial control responsibilities in the Wholesale Finance group with the objective of delivering timely, accurate and reliable financial information and working on the reporting and production aspects of RBC’s Net Investment, Cash Flow & Fair Value hedge accounting programs thereby helping the bank mitigate its interest rate & FX risk.

What will you do?

> Ensure the provision of accurate and complete Financial and Regulatory Reporting for Wholesale Finance results.

> Manage end-to-end hedging workflows and system operations.

> Prepare daily inception documentation through validating transaction details; performing effectiveness testing and monitoring counterparty credit risk.

> Responsible to ensure new hedges, products and transactions are appropriately captured in RBC Financial Reporting Systems, including the appropriate use of GLs and Financial Statement reporting lines.

> Ensure SOX and RBC EUC documentation compliance and completeness including new controls/ process.

> Participate in ad-hoc projects as directed by reporting manager.

> Ensure accurate external reporting, including FS, note disclosures, regulatory reporting & management reporting.

> Maintenance of the monthly review program to ensure financial controls are in place and the appropriate reconciliations are completed. 

> Ensure that global policies and procedures are adhered to by all stakeholders, including Product Control, Operations, and Head Office Statutory & Regulatory Reporting to ensure consistency and adequacy of reconciliations.

> Assist in the investigation of all financial and regulatory reporting matters.  Maintain technical knowledge and keep abreast of all new accounting developments including hedge accounting changes.

> Support the operational execution and implementation of new accounting standards, including IBOR Reform. Assess related financial reporting impact, coordinate and execute implementation plan.

What do you need to succeed?


> Knowledge of complex financial instruments and transactions, together with a willingness and interest in developing that knowledge

> Highly developed communication, interpersonal and negotiation skills are considered necessary for the success of this role

> Technical competence in relevant financial and statutory accounting standards

> Ability to manage operations workflows and process improvement experience

> Strong financial, analytical, judgmental and conceptual skills

> Excellent presentation and report writing skills

Nice to have:

> Strong knowledge of the RBC financial systems

> Hedge accounting knowledge is an asset 

> Strong team skills and work ethic

> Accounting designation or CFA

What’s in it for you?

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

> Flexible work/life balance options

> Opportunities to do challenging work.

> Opportunities to take on progressively greater accountabilities     

> Opportunities to build close relationships with clients


Job Summary


TORONTO, Ontario, Canada





Work hours/week:


Employment Type:

Full time


Office of the CFO

Job Type:


Pay Type:


Application Deadline:


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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