Job Description

What is the opportunity?

The Manager, Product Control will support the extraction and consolidation of market data on a daily basis, which is used for the valuation of fixed income derivative and Mortgage Backed Securities products.

This role will provide analytical support to the Senior Analysts in Fixed Income derivatives Product Control by performing daily mark-to-market valuation & P&L reconciliation on an accurate and timely basis; as well as provide client statements and liaise with clients to discuss and explain the Mark-to-Market valuation movements on a daily basis.

What you will do?

Support of daily P&L production, month-end reporting and reconciliation.

Assist in daily valuations 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.Assist with the PnL attribution process.  Provide commentary and document large movements in P&L in the MBS deskAssist in the reporting of Daily, MTD and YTD results as required.   Compare P&L Estimate vs. Actual results – investigate variances and escalate to the manager as required.Ensure that all daily PnL submitted by the Senior Analysts are signed-off daily by the Front Office in a timely fashion.  Escalate any issues to the reporting Manager.Assist in preparing reports to meet ad-hoc requests as necessary for business partnersPrepare and update all daily and monthly procedure manuals and documentation.  Obtain a sign-off upon review by the Senior AnalystWork closely with all members of the Product Finance team through cross-training.  Assume additional responsibilities as they arise.Assist Senior Analysts/manager in identifying opportunities to improve valuation and risk reports and pro-actively streamline processes to improve productivity.Assist in preparing client mark to market statements for interest rate derivative products on a daily and ad hoc basis.Understand and trouble shoot daily PNL and Balance Sheet reconciliations to ensure figures are properly tied back to the systems of records, in the absence of the primary analyst.Assist and provide feedback to improve process efficiencies.Develop a solid knowledge base of how various derivative products are handled by the various trading systemsAssist the manager with audit requests from both internal and external auditors

What you need to succeed?

Must Have

Bachelor’s degree in Accounting/Finance3+ years of Capital Markets experienceSound knowledge of MS ExcelGood understanding of MBS and derivatives productsGood analytical, problem-solving, interpersonal and communication skills.Ability to work effectively under minimal supervisionGood understanding of procedures and operational controls as they relate to trading systems and workflowsWillingness to learn and excel in a fast paced environment. 

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:

2025-08-08

Application Deadline:

2025-08-25

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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