Royal Bank of Canada
Job title:
Manager, Product Control
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?As Manager, Product Control, you will be responsible to provide quality analytical support to the Capital Markets’ Mortgage Investment Group Product Control area by performing mark-to-market valuation, P&L reconciliation, accounting entries and reporting on an accurate and timely basis. This role will become SME for the Mortgage Investment Group business unit.What will you do?
- Daily P&L valuation of multiple mortgage trading books. Perform daily valuation and analyze MTM movements of swaps, bonds and securitized products in the trading book.
- Month-end accounting entries, reporting and reconciliation of the trading books
- Act as the primary point person for all Front Office queries and issues and effectively monitor, track, and complete tasks in a timely fashion
- Strong accounting knowledge necessary. Submit all monthly accounting entries to the general ledger and conduct reconciliations to ensure figures are accurate and complete and properly tied back to the systems of records.
- Ensure there are key controls in place to attest to the integrity of MIG P&L.
- Collaborate with other teams (Financial Control with setting up accounting for new business and products, IT with setting up PnL files and portfolio reporting)
- Provide support to Statutory and Regulatory Reporting and Head Office as it relates to the business – filling out relevant templates and providing adequate back up on a monthly basis.
- Compare P&L Estimate vs. Actual results –explain variances and obtain sign-off
- Perform daily PNL and Balance Sheet reconciliations to ensure figures are properly tied back to the systems of records.
What do you need to succeed?Must have
- 2+ years of experience in a sophisticated Capital Markets environment and/or supporting a trading desk
- Strong accounting knowledge. Working towards or completed a professional accounting certification.
- Excellent MS Office skills, Excel VBA/building macros, Database and SQL skills
- Strong analytical, problem-solving, interpersonal and communication skills
- Able to work effectively and reliably under pressure
- Advanced understanding of procedures and operational controls as they relate to trading systems and workflows
Nice-to-have
- Understanding of mortgage products, mortgage-backed securities and/or securitization.
- Knowledge of financial products (bonds, repos) and plain vanilla derivatives (interest rate swaps).
- Accounting designation or CPA holder, CFA Candidates or Charter holders.
- Canadian Securities Course
- Derivative Fundamental Course
Job Skills Accounting, Accounting Journal Entries, Balance Sheet Account Reconciliations, Business, Business Analytics, Derivatives, End Reporting, Financial Accounting Systems, Financial Instruments, Financial Services Industry, General Ledger Administration, Group Problem Solving, Income Statements, Investments, Investments Analysis, Month End Reporting, Mortgage Products, Product ControllingAdditional 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: 2024-10-17Application Deadline: 2024-11-02Inclusion 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
Sat, 19 Oct 2024 06:06:50 GMT
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