Royal Bank of Canada
Job title:
Manager, Valuations
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?The Manager, Valuations role is a control function to perform Independent Price Verification (IPV) and other Valuation Adjustments (VA) for RBC’s fair value inventory. This role will design and maintain a robust valuations environment to ensure fair value compliance; while ensuring fair value estimates are accurate, timely and representative of traded markets.What you will do?
- Conducting daily, weekly and monthly IPV and VA calculation relating to various Fixed Income products, such as Government Bonds, Corporate Bonds, Securitized Products, and Loans.
- Leverage and develop knowledge of financial markets, products and quantitative background to evaluate IPV results and support resolution of IPV difference. Ensure IPV issues outside accepted tolerances are reported and dealt with promptly.
- Explore market data sources for the best measure of fair value on the financial instruments.
- Ensure that existing VA/IPV processes continue to be aligned and keep pace with the business, and Regulator and Accounting Best Practice.
- Provide detailed reports and analysis to RBC regional valuations committees, business heads, senior managers and heads of Valuations, Market Risk and Finance on VA/IPV results.
- Communicate with Front Office and/or related counterparties to explain IPV/VA results and/or month over month movement. Lead the coordination of solutions in partnership with product controllers, front office, market risk and other internal groups.
- Develop new and enhance existing Valuation policies, including methodology and procedure documentation and sources of external market data, ensure that all VA/IPV processes are complete and follow RBC’s risk policies and procedures.
- Challenge existing IPV methodologies, working practices and improve data quality and process efficiencies.
Must Have
- Undergraduate degree with 2+ years of finance related working experience
- Expertise in fixed income financial products
- Advance knowledge of excel
- Strong understanding of valuation process and impact
- Attention to details
- Excellent multi-tasking skills
- Good written and verbal communication skills
Nice to Have
- Advanced degree in a quantitative area
- Knowledge of VBA, Python and database tool such as SQL
- Knowledge of Bloomberg, Intex, Reuters and other financial analytics software
Job Skills Accounting, Bloomberg Professional, Bond Pricing, Bond Valuation, Corporate Bonds, Discounted Cash Flow (DCF), Fair Valuation, Financial Accounting Systems, Financial Instruments, Financial Markets, Fixed Income Products, Fixed-Income Securities, Group Problem Solving, Independent Price Verification, IPV (Inactive), Microsoft Excel, Microsoft Excel VBA ProgrammingAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: OFFICE OF THE CFOJob Type: RegularPay Type: SalariedPosted Date: 2024-09-18Application Deadline: 2024-10-05Inclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay 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 .
Expected salary
Location
Toronto, ON
Job date
Thu, 19 Sep 2024 23:26:14 GMT
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