Manager, Canadian Banking Product Control

**Job Summary**

**What is the opportunity?**

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.

**What you will do?**
- 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

**What do you need to succeed?**

**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 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**:
2025-04-14

**Application Deadline**:
2025-04-30

**I**nclusion** and Equal Opportunity Employment**

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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