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Manager, Product Control

Employer
RBC.
Location
Toronto, Canada
Salary
Competitive
Closing date
Oct 7, 2019

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Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
What 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.

What 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
  • Minimum 2 years of experience in a sophisticated Treasury / 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

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.
  • Opportunities to do challenging work.
  • Opportunities to build close relationships with cross-functional teams, globally.
  • Opportunity to play a key role in the transformation of the Securities reporting process, and develop a comprehensive understanding of the related infrastructure solution.
  • Opportunities to take on progressively greater accountabilities.


About RBC
Royal Bank of Canada is Canada's largest bank, and one of the largest banks in the world, based on market capitalization. We are one of North America's leading diversified financial services companies, and provide personal and commercial banking, wealth management, insurance, investor services and capital markets products and services on a global basis. We have over 80,000 full- and part-time employees who serve more than 16 million personal, business, public sector and institutional clients through offices in Canada, the U.S. and 37 other countries. For more information, please visit rbc.com .

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Inclusion and Equal Opportunity Employment
RBC is an equal opportunity employer committed to diversity and inclusion. We are pleased to consider all qualified applicants for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veterans status, Aboriginal/Native American status or any other legally-protected factors. Disability-related accommodations during the application process are available upon request.

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