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

Royal Bank of Canada

Verified Company

Toronto, Canada

2 weeks ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Come Work with Us
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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 analytical support to the Capital Markets Derivative portfolios by performing daily mark-to-market valuation, P&L reconciliation and generating risk / position reports on an accurate and timely basis.

You will also act as the main liaison with Front Office, Middle Office, Information Technology, Trading Processing, Financial Control and other operating units to facilitate trading activities.

What you will do?

Daily P&L production, month-end 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
Prepare position reports to facilitate risk monitoring and to substantiate P&L results
Inform senior management of any irregularities that may present potential exposure to the firm
Provide P&L Analysis commentary for large movements in P&L for management reporting
Communication of Daily, MTD and YTD results to the Desk Head, compare P&L Estimate vs. Actual results explain variances and obtain signoff
Ensure that daily signoff is obtained by the Front Office in a timely fashion
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
Work closely with all members of the Product Control team, providing guidance and cross training when required
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
Maintain a solid knowledge base of how various products are handled by the Front Office systems
Perform testing of new system update releases
Provide information to satisfy audit requests from both internal and external auditors
Develop an understanding of RBC operations and the functions of various business units across the firm

Must have

2+ years of experience in a Capital Markets environment
Excellent MS Excel skills
Very good understanding of derivatives products
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
Strong ability to work independently with mínimal guidance from manager

Nice-to-have

Canadian Securities Course
Derivative Fundamental Course

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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