Manager, Product Control; C&IB

Position: Manager, Product Control (C&IB)

Job Description

What is the Opportunity
As a Manager Product Control – C&IB, you will be responsible to provide quality analytical support to the Capital Markets Derivative portfolios by performing daily mark-to-market valuation, P&L reconciliation and generating risk / position reports on an accurate and timely basis. You will also act as the main liaison with Front Office, Middle Office, Information Technology, Trading Processing, Financial Control and other operating units to facilitate trading activities.
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

Prepare position reports to facilitate risk monitoring and to substantiate P&L results

Inform senior management of any irregularities that may present potential exposure to the firm

Provide P&L Analysis – commentary for large movements in P&L for management reporting

Communication of Daily, MTD and YTD results to the Desk Head, compare P&L Estimate vs. Actual results –explain variances and obtain sign-off

Ensure that daily sign-off is obtained by the Front Office in a timely fashion

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

Work closely with all members of the Product Control team, providing guidance and cross training when required

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

Maintain a solid knowledge base of how various products are handled by the Front Office systems

Perform testing of new system update releases

Provide information to satisfy audit requests from both internal and external auditors

Develop an understanding of RBC operations and the functions of various business units across the firm

Must have

2+ years of experience in a Capital Markets environment

Excellent MS Excel skills

Very good understanding of derivatives products

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

Strong ability to work independently with minimal guidance from manager

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.

Ability to make a difference and lasting impact

Work in a dynamic, collaborative, progressive, and high-performing team

Flexible work/life balance options

Opportunities to do challenging work

#LI-POST
Job Skills
Accounting, Business Analytics, Financial Accounting Systems, General Ledger Administration, Group Problem Solving
Additional Job Details

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:

Note: Applications will be accepted until 11:59 PM on the day prior to the Final date to receive applications date aboveI
nclusion and Equal Opportunity Employment
At RBC, we believe an…