Manager, Product Control - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

beBee Recruiter

Description

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, Product Control

What is the opportunity?
As a Manager Product Control, you will responsible to provide quality support for Commodities trading desk, by performing daily mark-to-market valuation, Profit and Loss (P&L) reporting and reconciliation on an accurate and timely basis, liaise with other parts of Product Control, Front Office, Middle Office, Information Technology, Trade Processing, Financial Control and other operating units to facilitate trading activities and daily P&L production

What you will do?

Daily P&L production, monthend reporting and reconciliation
Act as the primary point person for all Front Office queries and issues and effectively monitor, track, and complete tasks in a timely fashion
Perform daily valuation and analyze MTM movements by measuring the impact of new deals, amendments, cancellations as well as changes in yield curves, volatilities, convexity bias, rate reset and time decay where applicable
Proactively monitor all operational, valuation and risk management issues pertaining to the trading portfolios assigned
Communication of Daily, MTD and YTD results to the Desk Head, compare P&L Estimate vs. Actual results explain variances and obtain signoff
Prepare all monthly accounting entries to the G/L and conduct reconciliations to ensure figures are properly tied back to the systems of record
Provide support to Statutory and Regulatory Reporting and Head Office as it relates to the business filling out relevant templates and providing adequate back up
Identify opportunities to improve valuation and risk reports and proactively streamline processes to improve productivity
Perform daily PNL and Balance Sheet reconciliations to ensure figures are properly tied back to the systems of records

Must have

2+ years of experience in a Capital Markets environment, supporting a trading desk
Excellent MS Excel, SQL Skills
Strong analytical, problemsolving, 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

Nice-to-have

Canadian Securities Course
Derivative Fundamental Course
CPA

Job Summary

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:

Application Deadline:

Inclusion
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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