Manager, Canadian Banking Product Control

3 weeks ago

Toronto, Canada Royal Bank of Canada Full time

**Come Work with Us**

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

**Job Title**

Manager, Canadian Banking Product Control
- Perform monthly P&L posting and accounting entries to the G/L and conduct regular reconciliations to ensure figures are properly tied back to the systems of records
- Perform P&L decomposition by using source system data and produce comparisons to reported P&L by measuring the impact of new deals, amendments, cancellations as well as changes in curves, rates, prices where applicable
- Provide P&L Analysis - commentary and breakdown for large movements in P&L
- Communication of Weekly, MTD and YTD results, compare P&L Estimate vs. Actual results -explain and log variances
- Ensure that the valuation of products is accurate, the methodology documented, and the booking thereof is correct in the general ledger
- Prepare Month-end Electronic Standard of Documentation as per policy
- Work closely with all members of the Product Control team, providing guidance and cross training
- Provide assistance to other reporting groups in fulfilling their reporting, disclosure and filing requirements, by filling out relevant templates and providing adequate back up
- Identify opportunities to improve and pro-actively streamline processes to improve productivity
- Maintain a solid knowledge base of how various products are handled by the source systems
- Provide information to satisfy audit requests from both internal and external auditors
- Develop an understanding of, and a solid relationship with RBC Canadian Banking operations and the functions of various business units across the firm

**Must-have**
- BA / BS or equivalent with emphasis in finance, economics or other quantitative discipline
- 3+ years of experience in a sophisticated Finance environment with an understanding of retail banking products
- Strong analytical, problem solving, interpersonal and communication skills.
- Above average quantitative and PC skills an asset; Database, programming skills a plus
- Ability to work effectively and reliably under pressure

**Nice-to-have**
- Working knowledge of database design concepts
- Experience relating to data analytics and visualization
- Continuous improvement and innovation mindset
- Ability to work independently with mínimal guidance from manager
- Solid understanding of procedures and operational controls as they relate to Canadian Banking

**Job Summary**

A new and exciting opportunity has arisen at RBC to join the RBC Canadian Banking - Product Control Team as Manager Product Control. You will provide analytical support to the Canadian Banking Product Control area through the production of Profit and Loss (P&L) and the monthly reporting of associated products.

You will ensure that the P&L reconciliation of source data is performed for all accounts under Product Control responsibility and is accurate and complete as well as production of P&L decompositions and estimates from source systems on a weekly basis.

**Address**:
TORONTO, Ontario, Canada

**City**:
CAN-ON-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**:
2023-03-20

**Application Deadline**:
2023-04-04

**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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