Valuations Manager

Job Description

WHAT IS THE OPPORTUNITY?

The Valuations Group (within Product Control) performs a critical 2nd line of defense control over the fair valuation of financial instruments held within RBC Capital Markets.

In this role you will be responsible for pricing and independently valuing (Independent Price Verification, IPV) Equity and Equity Derivative products to ensure that they are a fair representation of traded markets.

IPV results, along with any other Valuation Adjustments (VAs), are reported and communicated at least monthly.  The role will collaborate closely with several impacted stakeholder groups including Finance, Front Office Trading teams and Enterprise/Market Risk (including Model Validation).

WHAT WILL YOU DO?

• Conducting daily, weekly and monthly IPV and VA calculation relating to various Equity related products, including derivatives (e.g. listed and OTC vanilla options (call/put), variance swaps, dividend swaps, exotic options, equity-linked notes, etc.).  Coverage will include Canada, US, EMEA and APAC markets, across global Equity desks at RBC.
• Leverage and develop knowledge of equity markets, products and quantitative background to evaluate IPV results and support resolution of IPV difference. Ensure IPV issues outside accepted tolerances are reported and dealt with promptly.
• Explore market data sources for the best measure of fair value for the financial instruments in scope (i.e. equity derivatives).
• Ensure that existing VA/IPV processes continue to be aligned and keep pace with a growing Equities business, and Regulator and Accounting Best Practice.
• Provide detailed reports and analysis to RBC regional valuations committees, business heads, senior managers and heads of Valuations, Market Risk and Finance on VA/IPV results.
• Proactively communicate with Front Office and/or related counterparties to explain IPV/VA results and/or month over month movement. Lead the coordination of solutions in partnership with Product Controllers, Front Office, Market Risk and other internal groups.
• Develop new and enhance existing Valuation policies, including methodology and procedure documentation and sources of external market data, ensure that all VA/IPV processes are complete and follow RBC's risk policies and procedures.
• Challenge existing IPV methodologies, working practices and improve data quality and process efficiencies to ensure a robust and up-to-date control environment.

WHAT DO YOU NEED TO SUCCEED?

 Must have:

• Appreciation of equity markets and an understanding of equity derivatives, their inputs and effects on valuation. Relevant experience in a Product Control role focusing on Equities is an advantage.
• Ability to independently problem solve, work under a high pressure setting and have a strong attention to detail.
• Good written and verbal communication skills.
• Knowledge of Bloomberg, Markit/Totem and other financial analytics platform is a plus.
• Advanced user of Excel/VBA with an enthusiasm to adopt other technology to advance controls (e.g. Python, AI).

Nice-to-have: 

• Knowledge of Python and database tool such as SQL.
• Advanced degree in a quantitative area.
• Knowledge of Bloomberg, Markit/Totem and other financial analytics platform.

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.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work

Job Skills

Financial Regulation, Investment Banking Analysis, Investment Consulting, Investment Management, Investment Performance Measurement, Investment Reporting, Investment Risk Management, Investments Analysis, Mergers and Acquisitions (M&A), Trade Processing

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

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.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

---