Manager, Product Control

Job title:

Manager, Product Control

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?The Manager, Product Control will provide quality support to various banking platforms across multiple asset classes and strategies, by performing daily mark-to-market valuation, P&L reporting and reconciliation on an accurate and timely basis. They will also liaise with Front Office, Middle Office, Information Technology, Trading Processing, Financial Control and other operating units to facilitate trading activities and daily P&L production.What you will do?Daily P&L production, month-end reporting and reconciliations

• Accountable for the P&L production and analysis across within a platform or multiple platforms across the bank.
• Inform senior management of any irregularities that may present potential exposure to the firm
• Prepare all monthly accounting entries to the G/L and conduct reconciliations to ensure figures are properly tied back to the systems of record
• Work closely with all members of the Product Control team, providing guidance and cross training when required
• Identify opportunities to improve valuation 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 asset classes 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
• Pro-actively monitor all operational issues pertaining to the trading portfolios assigned

What you need to succeed?Must Have

• University Degree

2+ years of Product Control or related experienceExcellent Excel SkillsGood understanding of Investment productsStrong problem-solving, interpersonal and communication skillsAble to work effectively and reliably under pressureAdvanced understanding of procedures and operational controls as they relate to trading systems and workflowsStrong ability to work independently with minimal guidance from managerNice to Have

• Canadian Securities Course
• CFA Candidates or Charter holders

Job Skills Accounting, Business Analytics, Financial Accounting Systems, General Ledger Administration, Group Problem SolvingAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: Office of the CFOJob Type: RegularPay Type: SalariedPosted Date: 2024-06-12Application Deadline: 2024-06-27Inclusion and Equal Opportunity EmploymentAt 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.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Toronto, ON

Job date

Fri, 14 Jun 2024 03:43:00 GMT

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