Manager, Product Control
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Key skills for this role
About the Role
RBC is seeking a Manager, Product Control to provide analytical support to Corporate Treasury by performing weekly NII and mark-to-market valuation, P&L reconciliation, and generating risk/position reports.
Key Skills for This Role
Responsibilities
- Perform weekly and monthly NII and P&L production, month end reporting and reconciliation.
- Act as the primary point person for all Front Office queries and issues.
- Perform weekly NII and MtM movements by measuring the impact of new deals, amendments, cancellations, and changes in yield curves.
- Pro actively monitor all operational, valuation and risk management issues pertaining to the trading portfolios assigned.
- Communicate weekly, MTD and YTD results to the Desk Head, compare P&L Estimate vs. Actual results, explain variances and obtain sign off.
- 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.
- 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.
Requirements
- 2+ years of experience in a sophisticated Treasury or Capital Markets environment, supporting a trading desk
- Excellent MS Excel, VBA, SQL, Database skills
- 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
- Canadian Securities Course (nice to have)
- CPA or Accounting Background (nice to have)
- CFA Candidates or Charter holders (nice to have)
- SQL data coding experience (nice to have)
Full Job Posting
What is the opportunity?
- As a Manager, Product Control, you will provide quality analytical support to the Corporate Treasury Product Control area.
- You will perform Weekly NII and mark to market valuation, P&L reconciliation and generate risk/position reports.
What will you do?
- Weekly and Monthly NII and P&L production, month end reporting and reconciliation.
- Act as the primary point person for all Front Office queries and issues.
- Perform weekly NII and MtM movements by measuring the impact of new deals, amendments, cancellations, and changes in yield curves.
- Pro actively monitor all operational, valuation and risk management issues pertaining to the trading portfolios assigned.
- Communication of Weekly, MTD and YTD results to the Desk Head, compare P&L Estimate vs. Actual results.
- Prepare all monthly accounting entries to the G/L and conduct reconciliations.
- Provide support to Statutory and Regulatory Reporting and Head Office.
- Identify opportunities to improve valuation and risk reports and pro actively streamline processes.
- Perform daily PNL and Balance Sheet reconciliations.
What do you need to succeed?
- 2+ years of experience in a sophisticated Treasury or Capital Markets environment, supporting a trading desk.
- Excellent MS Excel, VBA, SQL, Database skills.
- 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.
- Nice to have: Canadian Securities Course, CPA or Accounting Background, CFA Candidates or Charter holders, SQL data coding experience.
What’s in it for you?
- A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation.
- Leaders who support your development through coaching and managing opportunities.
- Ability to make a difference and lasting impact.
- Flexible work/life balance options.
- Work in a dynamic, collaborative, progressive, and high performing team.
- Opportunities to do challenging work.
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