Manager, Product Control

Job title:

Manager, Product Control

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?As a Manager, Product Control, you will be responsible to provide quality analytical support to the Capital Markets’ Treasury Services Product Control area by performing daily mark-to-market valuation, P&L reconciliation and generating risk / position reports on an accurate and timely basis.**please note: this position will support the UK office and working hours will be 7:00am – 3:00pmWhat will you do?

• Daily P&L production, month-end reporting and reconciliation
• Act as the primary point person for all Front Office queries and issues and effectively monitor, track, and complete tasks in a timely fashion
• Perform daily valuation and analyze MTM movements by measuring the impact of new deals, amendments, cancellations as well as changes in yield curves, volatilities, convexity bias, rate reset and time decay where applicable
• Pro-actively monitor all operational, valuation and risk management issues pertaining to the trading portfolios assigned
• Communication of Daily, MTD and YTD results to the Desk Head, compare P&L Estimate vs. Actual results –explain variances and obtain sign-off
• Prepare all monthly accounting entries to the G/L and conduct reconciliations to ensure figures are properly tied back to the systems of record
• 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
• Identify opportunities to improve valuation and risk reports and pro-actively streamline processes to improve productivity
• 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 Treasury or Capital Markets environment, supporting a trading desk
• Excellent MS Excel, 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

• Canadian Securities Course
• Derivative Fundamental Course
• CFA Candidates or Charter holders

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: 2024-10-28Application Deadline: 2024-11-11Inclusion 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

Wed, 30 Oct 2024 04:23:22 GMT

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