Job Description

What is the opportunity?

As a Manager Product Control, you will responsible to 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. You will also 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 you will 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 fashionPerform 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 applicablePro-actively monitor all operational, valuation and risk management issues pertaining to the trading portfolios assignedPrepare position reports to facilitate risk monitoring and to substantiate P&L resultsInform senior management of any irregularities that may present potential exposure to the firmProvide P&L Analysis – commentary for large movements in P&L for management reportingCommunication of Daily, MTD and YTD results to the Desk Head, compare P&L Estimate vs. Actual results –explain variances and obtain sign-offEnsure that daily sign-off is obtained by the Front Office in a timely fashionPrepare all monthly accounting entries to the G/L and conduct reconciliations to ensure figures are properly tied back to the systems of recordProvide support to Statutory and Regulatory Reporting and Head Office as it relates to the business – filling out relevant templates and providing adequate back upWork closely with all members of the Product Control team, providing guidance and cross training when requiredIdentify opportunities to improve valuation and risk reports and pro-actively streamline processes to improve productivityPerform daily PNL and Balance Sheet reconciliations to ensure figures are properly tied back to the systems of recordsMaintain a solid knowledge base of how various products are handled by the Front Office systemsPerform testing of new system update releasesProvide information to satisfy audit requests from both internal and external auditorsDevelop an understanding of RBC operations and the functions of various business units across the firm

Must have

2+ years of experience in a Capital Markets environmentExcellent MS Excel skillsVery good understanding of derivatives productsStrong analytical, problem-solving, interpersonal and communication skillsAble to work effectively and reliably under pressureAdvanced understanding of procedures and operational controls as they relate to trading systems and workflowsStrong ability to work independently with minimal guidance from manager

Nice-to-have

Canadian Securities CourseDerivative Fundamental CourseCFA Candidates or Charter holders

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:

2025-08-05

Application Deadline:

2025-09-05

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.

Join our Talent Community

Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.