What is the opportunity?

Responsible for leading the enterprise-wide Statutory Transfer Pricing Policy Management & Compliance efforts based on RBC’s Statutory Transfer Pricing (STP) Policies as part RBC’s STP Centre of Excellence (CoE). This comprehensive, end to end STP CoE will include well documented and operationalized roles as well as controls, documentation, and approval processes that will allow RBC to satisfy all global STP and related tax requirements consistently and comprehensively.

What will you do?

• Leads and directs the Statutory Transfer Pricing Policy Management & Compliance group within FSS in accordance with partner agreements and service expectations while ensuring full compliance to all controls, both regulatory and internal, including RBC policies, regulatory requirements and service level agreements. This includes:
  • Execute on the RBC’s global STP strategy by ensuring consistency in the transfer pricing approaches used across business units and the documentation of those approaches to minimize adjustment and penalty risks.
  • Perform all global STP Policy Management & Compliance functions, including the identification of new intercompany transactions, documenting global STP policies and methodologies in conjunction with HO Taxation, creating STP Documentation in compliance with the RBC Transfer Pricing Documentation Policy and developing and assisting with the execution of new and updated intercompany agreements;
  • Support RBC Taxation with intercompany tax reporting and provide audit support to satisfy tax authority STP requirements on a global basis; and
• Together with STP’s other pillars, Implementation and Governance & Controls, develop and maintain the operational framework that enables an end-to-end view of the impact of the approaches employed across the RBC enterprise, i.e., from transaction identification, accounting implementation, testing of results, creation of transfer pricing documentation, related party transaction reporting and determination of the level of financial statement reserve.

What do you need to succeed?

Must have:

• Work experience: minimum 7 years of experience as a tax transfer pricing practitioner specialized in the financial services industry with direct and proven experience in transfer pricing and international taxation gained with a big 4 accounting firm, law firm and/or in the financial services industry.
• Exceptional understanding of the OECD Transfer Pricing Guidelines, the OECD Report on the Attribution of Profits to Permanent Establishments, Canadian, US and UK transfer pricing rules and practices and specific and proven experience with applying transfer pricing concepts to global trading of financial instruments.
• Solid knowledge of international corporate taxation and key provisions in the major tax treaties, specifically on taxation of permanent establishments, presence of dependent agent permanent establishments, as well as knowledge of Canadian federal income tax.
• Excellent understanding of accounting concepts and systems and the impact of (changes to) transfer pricing arrangements on RBC’s consolidated results.
• Relevant experience in working with the CRA and the Advance Pricing Agreement Program and making Competent Authority requests under relevant tax treaties.
• Team player with exceptional verbal and written communication skills.
• Working knowledge of foreign Transfer Pricing documentation requirements in key jurisdictions where RBC operates.

Nice-to-have:

• Accounting and or Finance background
• Working knowledge of RBC financial systems and processes

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
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Opportunities to building close relationships with clients
• Access to a variety of job opportunities across business and geographies

#LI-Hybrid

#LI-POST

Job Skills

Auditng (Inactive), Communication, Compliance Functions, Decision Making, Knowledge Organization, Long Term Planning, Organizational Leadership, Performance Management (PM), Taxes, Tax Management, Tax Regulations, Transfer Pricing, Transfer Pricing Documentation

Additional Job Details

180 WELLINGTON ST W:TORONTOTORONTOCanada37.5Full timeTECHNOLOGY AND OPERATIONSRegularSalaried2024-07-292024-08-10