Manager - Product Control
Role Overview
The Product Control Central Funding Canada Team supports RBC Capital Markets desks through P&L production, P&L decomposition and balance-sheet substantiation.
The Manager is responsible for P&L production, attestations and month-end activities for assigned Central Funding businesses, analyzing Front Office performance and managing risk to financial results.
Key Skills for This Role
Full Job Posting
Role overview
The Product Control Central Funding Canada Team supports RBC Capital Markets desks through P&L production, P&L decomposition and balance-sheet substantiation.
The Manager is responsible for P&L production, attestations and month-end activities for assigned Central Funding businesses, analyzing Front Office performance and managing risk to financial results.
Responsibilities
- Produce daily and month-end P&L, P&L decomposition, balance-sheet substantiation and independent price verification completeness reporting.
- Report daily and month-to-date results to CFG desks; compare estimated and actual P&L, explain variances and obtain sign-off.
- Comment on significant P&L movements for Front Office, Financial Control and Risk, monitoring relevant operational and market issues.
- Build knowledge of RBC repo and fixed-income products and system flows; maintain relationships with business partners across the organization.
- Act as primary contact for queries and issues, escalate irregularities and potential exposures, and provide guidance or cross-training as needed.
- Prioritize activities and reports to meet deadlines; identify, test and implement process enhancements and support onboarding products, systems and process flows.
- Participate in internal and external audits and keep procedures current.
Must-have qualifications
- Bachelor’s degree or equivalent and at least 2 years of Capital Markets experience.
- Excellent Excel skills, including VLOOKUP, Pivot Tables and SUMIF.
- Strong oral and written communication and analytical skills; good understanding of interest-rate financial instruments.
- Sound knowledge of reconciliation and attestation processes and understanding of process improvement.
- Proactive, organized and detail-oriented, with initiative, integrity, ownership and ability to meet tight daily and monthly deadlines.
Preferred qualifications
- Relevant Product Control experience at a financial institution is an asset.
- Familiarity with RBC fixed-income and general-ledger applications such as TOMS, Monaco, Apex, ADP or PEGA is an asset.
- VBA proficiency and experience developing, debugging or optimizing code in Excel, Access or Outlook is an asset.
- Procedure and documentation experience is an asset.
Benefits
- The posting describes a comprehensive Total Rewards Program with bonuses and flexible benefits, development opportunities, and work in a collaborative team.
Work details
- Employment type is full time; the posting lists a 37.5-hour work week and a Toronto office address.
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