Royal Bank of Canada
Job title:
Valuations Manager
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?The Valuations Manager will perform Independent Price Verification (IPV) and other Valuation Adjustments (VA) across a wide range of mainly equity derivative positions for RBC. The Valuations Manager will design and maintain a robust valuations environment; while ensuring market valuations are accurate, timely and representative of traded markets.What you will do?
- Play a key role in the production and methodology for IPV and VAs relating to the designated complex trading books. Ensure IPV issues outside accepted tolerances are reported and dealt with promptly. Calculate monthly valuation adjustments
- Play a key role in the provision of detailed reports and analysis to RBC risk committees, business heads, senior managers and heads of Valuations, Market Risk and Finance on VA/IPV results
- Ensure that existing VA/IPV processes continue to be aligned and keep pace with the business, and Regulator and Accounting Best Practice
- Ensure that all VA/IPV processes are complete and follow RBC’s risk policies and procedures. Identify and escalate appropriate improvements
- Develop new and enhance existing Valuation policies. Documentation of Methods & Practices, Sources of Market Data, Prudential Valuations & Stress Test of Valuations
- Ongoing review of related valuations analysis conducted in the Market Risk Group and Product Control to ensure accuracy and consistency across all trading books
What you need to succeed?Must Have
- Expertise in any financial products across asset classes, including derivatives (fixed income, equity, FX, repo, etc.)
- Advance knowledge of excel
- Strong understanding of valuation process and impact
- Attention to details
- Excellent multi-tasking skills
- Good written and verbal communication skills
- Knowledge of VBA, Python and database tool such as SQL
- Knowledge of Bloomberg, Markit/Totem, Reuters and other financial analytics software
Job SkillsAdditional 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: 2025-03-18Application Deadline: 2025-04-04Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion 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, 19 Mar 2025 23:25:56 GMT
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