Manager, Product Control
3 months ago
**Job Summary**
**What is the opportunity?**
- The Manager, Product Control will provide quality support to for the Debt Capital Markets and Spread Investment Grade business, by performing daily mark-to-market valuation, P&L reporting and reconciliation on an accurate and timely basis. They will also liaise with Front Office, Middle Office, Information Technology, Trading Processing, Financial Control and other operating units to facilitate trading activities and daily P&L production.**Please the working hours for this role are 6:30am to 3pm EST
**What you will do?**
- To provide an effective link between Front Office(FO), & Financial Control, bringing specialist product knowledge into the arena, so that any disagreements in daily P+L are resolved on a timely basis & ultimate P+L agreement with FO is achieved, evidenced & logged.
- Production of daily desk P&L including commentaries
- Justification of P&L via daily risk-based decomposition, utilizing the Greeks and new trade analysis
- Reconciliation of P&L to traders estimates
- To ensure integrity of the banks books & records via reconciliation and attestation
- Sound understanding of product flows, trade bookings accounting treatments, providing support in detailed investigations on FOBO reconciliation activities
- Reporting of consolidated results to senior management including appropriate valuation adjustments
- Production of ad-hoc reporting and analysis required by Front Office and senior management including deep dive on P&L, Balance Sheet analysis, and other Financial analysis
- To ensure the Product Control team and stakeholders are immediately aware of revaluation issues that may affect downstream activity.
- Involvement in key change management projects to deliver improvements to our daily processes
- To ensure PC remains & is seen to be an independent control function.
- Facilitate adherence to and substantiation of the Regulatory and Audit requirements within Capital Markets
- To provide key leadership and input into designing, testing and delivering the major infrastructural changes
- To maximize the efficiency gains from technology and business process changes
**What you need to succeed?**
**Must Have**
- 2+ years of Product Control or related experience
- Proactive and energetic individual capable of developing the business platform forward.
- Strong ability to convert theory into practice and thrive in a complex area.
- Competent accountancy skills; preferably part of fully qualified
- Excellent numerical skills with the ability to problem solve in a logical manner.
- Excellent communication skills especially with Front Office members
- Capable of working within tight deadlines & under severe time pressure.
- Good knowledge of MS Excel.
**Nice-to-have**
- Canadian Securities Course
- Strong ability to work independently
**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**:
2024-10-01
**Application Deadline**:
2024-10-19
**I**nclusion** and Equal Opportunity Employment**
At 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.
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