Royal Bank of Canada
Job title:
Manager, Product Control
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?The Manager, Product Control will provide quality support to for the Debt Capital Markets and Spread Investment Grade business, by performing daily mark-to-market valuation, P&L reporting and reconciliation on an accurate and timely basis. They will also liaise with Front Office, Middle Office, Information Technology, Trading Processing, Financial Control and other operating units to facilitate trading activities and daily P&L production.**Please the working hours for this role are 6:30am to 3pm ESTWhat you will do?
- To provide an effective link between Front Office(FO), & Financial Control, bringing specialist product knowledge into the arena, so that any disagreements in daily P+L are resolved on a timely basis & ultimate P+L agreement with FO is achieved, evidenced & logged.
- Production of daily desk P&L including commentaries
- Justification of P&L via daily risk-based decomposition, utilizing the Greeks and new trade analysis
- Reconciliation of P&L to traders estimates
- To ensure integrity of the banks books & records via reconciliation and attestation
- Sound understanding of product flows, trade bookings accounting treatments, providing support in detailed investigations on FOBO reconciliation activities
- Reporting of consolidated results to senior management including appropriate valuation adjustments
- Production of ad-hoc reporting and analysis required by Front Office and senior management including deep dive on P&L, Balance Sheet analysis, and other Financial analysis
- To ensure the Product Control team and stakeholders are immediately aware of revaluation issues that may affect downstream activity.
- Involvement in key change management projects to deliver improvements to our daily processes
- To ensure PC remains & is seen to be an independent control function.
- Facilitate adherence to and substantiation of the Regulatory and Audit requirements within Capital Markets
- To provide key leadership and input into designing, testing and delivering the major infrastructural changes
- To maximize the efficiency gains from technology and business process changes
What you need to succeed?Must Have
- 2+ years of Product Control or related experience
- Proactive and energetic individual capable of developing the business platform forward.
- Strong ability to convert theory into practice and thrive in a complex area.
- Competent accountancy skills; preferably part of fully qualified
- Excellent numerical skills with the ability to problem solve in a logical manner.
- Excellent communication skills especially with Front Office members
- Capable of working within tight deadlines & under severe time pressure.
- Good knowledge of MS Excel.
Nice-to-have
- Canadian Securities Course
- CFA Candidates or Charter holders
- Strong ability to work independently
Job Skills Accounting, Business Analytics, Financial Accounting Systems, General Ledger Administration, Group Problem SolvingAdditional 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: 2024-10-01Application Deadline: 2024-10-19Inclusion 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, 03 Oct 2024 06:07:26 GMT
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