What is the opportunity?

The Manager, Valuations will act a control function to perform Independent Price Verification (IPV) and other Valuation Adjustments (VA) for RBC’s fair value inventory. The Manager will design and maintain a robust valuations environment to ensure fair value compliance, as well as ensure fair value estimates are accurate, timely and representative of traded markets.

What will you do?

• Assist the Associate Director in the successful completion of IPV and VA calculation processes relating to derivatives financial instruments for a dynamically hedged complex business.

• Leverage and develop knowledge of financial markets, products and quantitative background to evaluate IPV results and support resolution of IPV differences. Ensure IPV issues outside accepted tolerances are reported and dealt with promptly

• Explore market data sources for the best measure of fair value on the financial instruments. Contribute to consensus services submissions

• Ensure that existing VA/IPV processes continue to be aligned and keep pace with the business, and Regulator and Accounting Best Practice

• Provide detailed reports and analysis to RBC regional valuations committees, business heads, senior managers and Heads of Valuations, Market Risk and Finance on VA/IPV results.

• Communicate with Front Office and/or related counterparties to explain IPV/VA results and/or month over month movement. Follow the coordination of solutions in partnership with product controllers, front office, market risk and other internal groups

• Develop new and enhance existing Valuation policies, including methodology and procedure documentation and sources of external market data, ensure that all VA/IPV processes are complete and follow RBC’s risk policies and procedures

• Challenge existing IPV methodologies, working practices and improve data quality and processes

What do you need to succeed?

Must-have

• Post Graduate degree in a quantitative area

• 5 years relevant experience with derivatives

• Advanced knowledge of VBA

• Strong understanding of valuation processes and impact

• Good written and verbal communication skills

Nice-to-have

• Knowledge of Python and database tools such as SQL

• Knowledge of Bloomberg and other financial analytics software

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 operate collaboratively in an office environment where we are onsite 4 days per week. We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• Excellent exposure to communicate with various business partners and stakeholders

• Opportunity to obtain hands-on experience throughout your role

• Working with an exciting, close-knit, supportive & dynamic group

• Opportunity to collaborate with other business segments within RBC

• Access to top tier learning resources to help shape your professional career

• Excellent career development and progression opportunities

• A comprehensive Total Rewards Program including bonuses and flexible benefits

• Competitive compensation

• “Best in Class” Employee Recognition Program

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

* Drives RBC’s high-performance culture

* Enables collective achievement of our strategic goals

* Generates sustainable shareholder returns and above market shareholder value

#LI-POST

Job Skills

Derivatives, Fair Valuation, Financial Instruments, Financial Markets, Market Risk, Microsoft Access, Microsoft Access VBA

Additional Job Details

ROYAL BANK PLAZA, 200 BAY ST:TORONTOTORONTOCanada37.5Full timeOFFICE OF THE CFORegularSalaried2025-07-142025-08-11

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.