Operations Specialist - US Tax Reconciliation

Job Description

What is the opportunity?

You will join a team responsible for ensuring compliance with the tax reporting requirements of the IRS QI Agreement. Team responsibilities include tax withholding and remittances, information reporting to accountholders and the IRS, and income and tax reconciliation. Reporting to the Manager, US Tax Reconciliation, you will perform reconciliation activities to confirm that tax withholding and reporting are accurate and fully compliant with US Tax Regulations.

What will you do?

• Perform income and tax reconciliation tasks across daily, weekly, monthly, quarterly, and annual cycles
• Research tax reporting and withholding requirements from security issuer websites, including obtaining Qualified Notices and income reallocation data
• Proactively identify, track and escalate data anomalies across reconciliation cycles
• Investigate breaks, identify root causes and follow up as required to prevent repetition
• Validate data integrity across multiple systems (BTS, ClientSource, OnDemand, ServiceLink) to ensure reporting accuracy
• Recommend process improvements based on findings and industry best practices to enhance efficiency
• Maintain and update desk operating procedure manuals to reflect current processes

What You Need to Succeed

Must Have

• University degree or recognized diploma in finance, economics, or accounting, or equivalent professional experience
• Advanced proficiency in MS Access (SQL queries, VBA, macros) and MS Excel Workflow Automation Tools (Power Queries, pivot tables, VBA)
• 2+ years of experience in QI-related tax operations
• 2+ years of reconciliation experience with proven ability to investigate and resolve account breaks
• Exceptional attention to detail and accuracy in data entry, review, and analysis
• Strong written and verbal communication skills
• Ability to work effectively both independently and collaboratively in a team environment

Nice to Have

• Completion of Canadian Securities Course (CSC)
• Familiarity with RBC Wealth Management Canada systems and applications (BTS, ClientSource, OnDemand, ServiceLink)
• Understanding of US tax regulations applicable to Qualified Intermediaries, including the QI Agreement and Sections 302, 305(c), 871(m), and 1446 of the Internal Revenue Code
• Knowledge of security financing, including institutional borrowing and lending, third-party settlements, derivatives, and repos
• Bilingual in French and English

What's in It for You

• A dynamic, collaborative, progressive, and high-performing team environment
• A comprehensive Total Rewards Program including performance bonuses and flexible benefits
• Leaders committed to your professional development through coaching and meaningful growth opportunities
• Learning and development opportunities to deepen your expertise in tax compliance and reconciliation
• Flexible work/life balance options

Job Skills

Additional Job Details

Address:

City:

Country:

Work hours/week:

Employment Type:

Platform:

Job Type:

Pay Type:

Posted Date:

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
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 jobs.rbc.com.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.