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

Royal Bank of Canada

Verified Company

Toronto, Canada

3 days ago

Posted by:

Sophia Lee

beBee Recruiter

Description

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Job Title
Manager, Canadian Banking Product Control

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 Monthend 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 proactively 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

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 Summary

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.

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:

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