Manager, Product Control

Royal Bank of Canada View all jobs

Toronto, ON
Permanent
Full-time

23 days ago

Job DescriptionWhat is the opportunity?The Product Control Central Funding Canada Team within Enterprise Control is the front line of control and support for the related RBC Capital Market desks. As vital business partners, we ensure that all downstream processes and flows are functioning efficiently at the highest level of control possible by performing Profit & Loss (P&L) Production, P&L Decomposition and Balance Sheet Substantiation. Together we deliver elevated insights that enable RBC outperformance and our business partners to make better decisions that help our clients thrive and communities prosper. We foster an environment of employee empowerment where you can make an impact by being curious and evolving how we do our work.We are looking for a dedicated Manager - Product Control to join our amazing team! In this role, you will be responsible for the production and execution of all P&L, attestation and month-end activities related to assigned Central Funding businesses, analyzing Front Office performance and managing risk that impacts RBC’s financial results.What will you do?

Perform daily and month end reporting and reconciliation tasks, such as producing and submitting P&L and P&L decomposition, balance sheet substantiation to subledgers and systems of record, and independent price verification completeness
Report daily and month-to-date results to CFG desks, compare P&L estimate vs Actual results, explain variances and obtain sign off.
Provide commentary on large P&L movements to Front Office, Financial Control and Risk on a daily and monthly basis as needed. Monitor all operational and market issues impacting the related products to enhance that commentary
Develop a good understanding of RBC repo / fixed income based products and system flows
Build strong and meaningful relationships with team members and business partners (Front Office, Financial Control, Valuations, Risk Management, Operations and IT)
Act as the primary point of contact for all queries and issues.
Inform Manager of any irregularities that may present potential exposure to RBC and work closely with all members of the Product Control team, providing guidance and cross training when required
Prioritize activities and reports, and be able to adjust as needed, so that important team goals and deadlines are met
Drive continuous improvements to the quality of our service by identifying, recommending, testing and implementing process enhancements and assisting with the onboarding of new products, systems and process flows
Participate with audit requests both internal and external
Ensure all procedures are reviewed and up-to-date to enhance our ability to be the best possible business co-pilots

What do you need to succeed?Must-have

Bachelor’s degree or equivalent
2+ years of experience in a Capital Markets environment
Excellent Excel skills (VLOOKUP, Pivot Tables, SUMIF, etc.)
Strong oral / written communication and analytical skills
An innovative thinker who is proactive, very well organized, detail-oriented and cares about supporting their colleagues and business partners
Good understanding of interest-rate based financial instruments
Sound knowledge of reconciliation and attestation processes
High level of initiative to solve problems, curious mindset, takes ownership and integrity
Ability to work to tight daily and monthly deadlines
Understanding of process improvement: working to make processes more efficient and effective
Passionate about continuous growth and learning. Every challenge is an opportunity for improvement

Nice-to-have

Relevant experience with Product Control functions performed at a financial institution
Familiar with RBC fixed income based and GL related applications (ex. TOMS, Monaco, Apex, ADP, PEGA, etc.)
Strong proficiency in VBA and experience in developing, debugging and optimizing VBA code within Microsoft Office applications such as Excel, Access and Outlook
Procedure and documentation experience

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, competitive compensation, commissions, and stock where applicable
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
A world-class training program in financial services
Flexible work/life balance options
Opportunities to do challenging work

Job Skills Accounting, Business Analytics, Financial Accounting Systems, General Ledger Administration, Group Problem SolvingAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TorontoCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: OFFICE OF THE CFOJob Type: RegularPay Type: SalariedPosted Date: 2026-03-24Application Deadline: 2026-05-31Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveOur Employment OpportunitiesAt RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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 CommunityStay 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 .RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.

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