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
• Pro-actively 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 sign-off
• Ensure that daily sign-off 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 pro-actively 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

What you need to succeed?

Must Have

• 2+ years of experience in a Capital Markets environment
• Excellent MS Excel skills
• Very good understanding of derivatives products
• Strong analytical, problem-solving, 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 minimal guidance from manager

Nice to Have

• VBA / Coding Experience
• Canadian Securities Course
• Derivative Fundamental Course
• CFA Candidates or Charter holders

Job Skills

Accounting, Business Analytics, Financial Accounting Systems, General Ledger Administration, Group Problem Solving

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTORONTOCanada37.5Full timeOFFICE OF THE CFORegularSalaried2025-05-082025-05-24

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.