Associate Director, Product Control Flow Rates Europe

Job Description

Product Controllers are the front-line finance function for Capital Market businesses. We are offering an exciting opportunity to join our Product Control team, where you will manage and lead the team responsible for daily financial Profit and Loss (P&L) reporting, P&L decomposition, as well as accuracy of General Ledger for the Flow Rates Europe trading desk.

If you have a passion for financial accuracy, product knowledge, team leadership, and cross-functional collaboration, this role is for you.

Please note:

while this role is based in Toronto, it involves covering a UK-based desk working with a 7am start time.

• Oversee daily team reporting and production of desk P&L explained by a risk-based decomposition including the provision of commentaries.
• Manage and mentor a team of co-op students, analysts, senior analysts and managers.
• Provide an effective link between Front Office (FO) and Financial Control, requiring detailed product knowledge, so that any disagreements in daily P+L are resolved on a timely basis & ultimate P+L agreement with FO is achieved, evidenced & logged.
• Ensure integrity of the bank’s books & records via reconciliation and attestation.
• Assist with higher level month end reporting tasks; to include creation and review of adjustments, ledger reconciliations and attestation and the production of adequate audit trail.
• Provide key leadership and input into designing, testing and delivering the major infrastructural changes for this business. Involvement in key change management projects to deliver improvements to our daily processes.
• Ensure adequate documentation exists and is up-to-date to support existing processes, enabling effective X-training and cover.
• Report consolidated results and escalation to senior stakeholders.
• Assess areas of procedural and control weakness with a view to implement solutions through a combination of re-design, procedural improvement and technology advancements.
• Ensure adherence to and substantiation of Regulatory and Audit requirements within Capital Markets, while maintaining full compliance with Standing Orders.

• Government and SSA Bonds
• Single & Cross Currency OTC Interest Rate Derivatives
• Inflation Linked Products
• ETD Futures
• FX Spot and Forwards
• Reverse Repos / Repos

• 4+ relevant Product Control or finance experience gained within a banking/trading environment
• Degree in accounting, finance, business, or equivalent
• Strong leadership, analytical, problem solving, communication and people management skills
• Project Management experience and strong Change Management mindset
• Accounting knowledge for on and off-balance sheet products a must
• Proficient in Excel, Access and Word
• Ability to work in a demanding environment with tight deadlines
• Ability to solve and fix problems within a short period of time
• Advance understanding of procedures and operational controls as they relate to trading systems and workflows

• CPA, CFA, MBA or equivalent experience
• Familiarity with Trade booking systems such as Murex
• Interest Rate Derivatives and Securities product knowledge
• Strong knowledge of "Greeks" based decomposition
• Strategic thinker with excellent interpersonal skills to work across functions and businesses

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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Opportunities to do challenging work

Accounting, Business Analytics, Employee Success, Financial Accounting Systems, General Ledger Administration, Group Problem Solving, Team Management

Address: ROYAL BANK PLAZA, 200 BAY ST:

TORONTO

City: Toronto

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: OFFICE OF THE CFO

Job Type: Regular

Pay Type: Salaried

Posted Date:

Final date to receive applications: