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Full-Time
On-Site

Manager Product Control – Corporate & Investment Banking (CIB)

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Description

This role involves providing analytical support for Capital Markets Derivative portfolios, including daily mark-to-market valuation, P&L reconciliation, and generating risk/position reports. The manager will also liaise with various internal teams to facilitate trading activities, ensuring accurate and timely financial reporting and analysis for derivative portfolios.

What We're Looking For

Act as primary point person for Front Office queries and issues, monitoring and completing tasks timely.,Perform daily valuation and analyze MTM movements from new deals, amendments, cancellations, and changes in market factors.,Pro-actively monitor operational, valuation, and risk management issues for assigned trading portfolios.,Prepare position reports for risk monitoring and P&L substantiation.,Inform senior management of irregularities presenting potential firm exposure.,Provide P&L Analysis commentary for large P&L movements for management reporting.,Communicate Daily, MTD, and YTD results to Desk Head, explaining variances between P&L estimates and actuals, and obtaining sign-off.,Ensure daily sign-off is obtained by the Front Office promptly.,Prepare monthly accounting entries to the G/L and conduct reconciliations.,Support Statutory and Regulatory Reporting and Head Office related to the business.,Work closely with the Product Control team, providing guidance and cross-training.,Identify opportunities to improve valuation and risk reports and streamline processes.,Perform daily PNL and Balance Sheet reconciliations.,Maintain solid knowledge of product handling by Front Office systems.,Perform testing of new system update releases.,Provide information for internal and external audit requests.,Develop an understanding of RBC operations and business unit functions.

Ideal Candidate

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,Canadian Securities Course (Nice-to-have),Derivative Fundamental Course (Nice-to-have),CFA Candidates or Charter holders (Nice-to-have)

Hard Skills

Accounting
Business Analytics
Financial Accounting Systems
General Ledger Administration
MS Excel
Derivatives products
Trading systems and workflows
Operational controls

Soft Skills

Analytical thinking
Problem-solving
Interpersonal skills
Communication
Working under pressure
Independence
Group Problem Solving

Work Hours

37.5 hours/week

Benefits

Ability to make a difference and lasting impact
Work in a dynamic
collaborative
progressive
and high-performing team
Flexible work/life balance options
Opportunities to do challenging work

About the Company

R

Royal Bank of Canada

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. As Canada's largest bank, it provides personal and commercial banking, wealth management, and capital markets services to over 17 million clients worldwide.

Purpose-driven
Inclusive
Innovative
Collaborative
Professional
View all jobs at Royal Bank of Canada

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