Job Summary

Job Description

What is the opportunity?

A new and exciting opportunity has arisen at RBC to join the RBC Canadian Banking – Product Control Team as Manager Product Control. You will provide analytical support to the Canadian Banking Product Control area through the production of Profit and Loss (P&L) and the monthly reporting of associated products. 

You will ensure that the P&L reconciliation of source data is performed for all accounts under Product Control responsibility and is accurate and complete as well as production of P&L decompositions and estimates from source systems on a weekly basis.

What you will do?

Perform monthly P&L posting and accounting entries to the G/L and conduct regular reconciliations to ensure figures are properly tied back to the systems of recordsPerform P&L decomposition by using source system data and produce comparisons to reported P&L by measuring the impact of new deals, amendments, cancellations as well as changes in curves, rates, prices where applicableProvide P&L Analysis – commentary and breakdown for large movements in P&LCommunication of Weekly, MTD and YTD results, compare P&L Estimate vs. Actual results –explain and log variancesEnsure that the valuation of products is accurate, the methodology documented, and the booking thereof is correct in the general ledgerPrepare Month-end Electronic Standard of Documentation as per policyApply advanced quantitative, spreadsheet modelling and database management skills (Excel, Access, Datameer) to develop an enhanced process for P&L estimation and decomposition using data from source systemWork closely with all members of the Product Control team, providing guidance and cross trainingProvide assistance to other reporting groups in fulfilling their reporting, disclosure and filing requirements, by filling out relevant templates and providing adequate back upIdentify opportunities to improve and pro-actively streamline processes to improve productivityMaintain a solid knowledge base of how various products are handled by the source systemsProvide information to satisfy audit requests from both internal and external auditorsDevelop an understanding of, and a solid relationship with RBC Canadian Banking operations and the functions of various business units across the firm

What do you need to succeed?

Must Have

BA / BS or equivalent with emphasis in finance, economics or other quantitative discipline3+ years of experience in a sophisticated Finance environment with an understanding of retail banking productsStrong analytical, problem solving, interpersonal and communication skills.Above average quantitative and PC skills an asset; Database, programming skills a plusAbility to work effectively and reliably under pressure

Nice to Have

Working knowledge of database design conceptsExperience relating to data analytics and visualizationContinuous improvement and innovation mindsetAbility to work independently with minimal guidance from managerSolid understanding of procedures and operational controls as they relate to Canadian Banking

Job Skills

Accounting, Business Analytics, Financial Accounting Systems, General Ledger Administration, Group Problem Solving

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

OFFICE OF THE CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2025-06-27

Application Deadline:

2025-07-13

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Inclusion and Equal Opportunity Employment

At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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