Manager, Product Control

RBC - Toronto, ON (30+ days ago)

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What is the opportunity?

As a Manager, Product Control, you will provide quality analytical support to the Capital Markets Derivative portfolios by performing daily mark-to-market valuation, P&L reconciliation and generating risk / position reports on an accurate and timely basis; as well act as the main liaison with Front Office, Middle Office, Information Technology, Trading Processing, Financial Control and other operating units to facilitate trading activities.

What will you do?

Daily P&L production, month-end reporting and reconciliation
Act as the primary point person for all Front Office queries and issues and effectively monitor, track, and complete tasks in a timely fashion
Perform daily valuation and analyze MTM movements by measuring the impact of new deals, amendments, cancellations as well as changes in yield curves, volatilities, convexity bias, rate reset and time decay where applicable
Pro-actively monitor all operational, valuation and risk management issues pertaining to the trading portfolios assigned
Prepare position reports to facilitate risk monitoring and to substantiate P&L results
Inform senior management of any irregularities that may present potential exposure to the firm
Provide P&L Analysis – commentary for large movements in P&L for management reporting
Communication of Daily, MTD and YTD results to the Desk Head, compare P&L Estimate vs. Actual results –explain variances and obtain sign-off
Ensure that daily sign-off is obtained by the Front Office in a timely fashion
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 – filling out relevant templates and providing adequate back up
Work closely with all members of the Product Control team, providing guidance and cross training when required
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
Maintain a solid knowledge base of how various products 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

What do you need to succeed?

Must-have

2+ years' of Capital Markets experience
Excellent Excel Skills
Very good understanding of derivatives products
Strong analytical, problem-solving, interpersonal and communication skills
Advanced understanding of procedures and operational controls as they relate to trading systems and workflows
Able to work effectively and reliably under pressure; strong ability to work independently with minimal guidance from manager
University Degree

Nice to Have

Canadian Securities Course
Derivative Fundamental Course
CFA Candidates or Charter holders

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 care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

A comprehensive Total Rewards Program including bonuses and flexible benefits and competitive compensation.
Leaders who support your development through coaching and managing opportunities
Work in a dynamic, collaborative, progressive, and high-performing team.
Opportunities to do challenging work.