Manager, Product Control – Credit Europe

Job Description

What is the opportunity?

The Manager, Product Control – Credit Europe will provide quality support to the Investment Grade Europe desk, within Global Spread Products by performing daily P&L reporting and reconciliation on an accurate and timely basis. This role will 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.

The incumbent will carry out all responsibilities in accordance with the Code of Conduct, RBC Values and Guiding Principles ensuring adherence to Privacy principles.

** Please note: while this role is based in Toronto, it involves covering a UK-based desk, hence there would be a 6:30am start time **

What will you do?

• 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
• Ensure the integrity of the banks books & records via reconciliation and attestation
• Demonstrate 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
• 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
• Facilitate adherence to and substantiation of the Regulatory and Audit requirements within Capital Markets
• Provide key leadership and input into designing, testing and delivering the major infrastructural changes

What do you need to succeed?

Must Have

• University Degree in Finance, Accounting, or related field
• 2+ years of Product Control or related experience
• Experience with Loan products and fee recognition process.
• Good to have product knowledge with various assets classes.
• Excellent Excel Skills
• Strong 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
• CFA Candidates or Charter holders

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:

Application Deadline:

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion 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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