Manager, Product Control(Funds Transfer Pricing)

Job Description

What is the opportunity?

Product Control is the front-line finance function for Capital Markets. It's an important control function primarily responsible for understanding, substantiating and reporting of Front Office trading PnL and balance sheets.

We are seeking a dynamic and strong individual to play a pivotal role in helping to navigate Product Control in the implementation of a new FTP ("Funds Transfer Pricing") initiative as part of a multi-year project. This role is critical in ensuring the successful implementation of the new FTP process by validating its accuracy, reconciling data, and providing confidence to stakeholders through thorough testing and analysis.

What will you do?

• Be part of the project team to assist with the design, implementation, and execution of the new FTP framework for the bank's capital markets division within the Product Control processes.
• Collaborate and Coordinate cross-functional teams (e.g., Treasury, IT, and Finance) to ensure timely and accurate implementation of new FTP process.
• Act as a key point of contact on the FTP project on behalf of the global Product Control team.
• Work closely with local Product Control teams across regions to understand their specific FTP reporting processes, challenges, and constraints.
• Facilitate knowledge sharing and best practices across regional Product Control teams.
• Provide ongoing support to local Product Control teams during the implementation phase, addressing questions and concerns promptly.
• Assist in the preparation and execution of UAT test cases to validate the new FTP process and system functionality.
• Pull large volumes of data from multiple systems (e.g., trading systems, general ledger, and FTP engines) for testing and reconciliation purposes.
• Build detailed reconciliation frameworks to perform end-to-end testing of FTP from the calculation engine to the Product Control reporting system including subledger, ensuring accuracy and alignment with the defined methodology.
• Investigate and resolve any variances identified during the reconciliation process, providing detailed explanations and supporting evidence.
• Document the reconciliation process and results to provide transparency and auditability.
• Ability to make a real impact to the bank and have decisions that will change how we do business.

What do you need to succeed?

Must-have

• Proficiency in Excel (e.g., pivot tables, formulas, and data analysis tools) and familiarity with SQL or other data extraction tools.
• Some experience and strong overall understanding of Product Control activities, operations and linkages with other teams.
• Strong analytical and communication skills
• Ability to make decisions and collaborate effectively with people
• Ability to deal with problems that are not well defined and create clear and concise solutions with feedback from many users

Nice-to-have

• Experience working in projects.
• Knowledge and experience working with FTP.
• CA/CGA/CMA/CPA/CFA/MBA (Finance) or other accounting designation
• Experience working with Big Data to drive Business Driver insights and analytics

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
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in an agile, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater accountabilities 
• The opportunity to interface with senior level executives from many different parts of the organization

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:

Employment Type:

Full time

Platform:

CAPITAL MARKETS

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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