Manager, Product Control (C&IB)

Royal Bank of Canada View all jobs

Toronto, ON
Permanent
Full-time

1 day ago

Job DescriptionWhat is the OpportunityAs a Manager Product Control – C&IB, you will be 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 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

Must have

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

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.

Ability to make a difference and lasting impact
Work in a dynamic, collaborative, progressive, and high-performing team
Flexible work/life balance options
Opportunities to do challenging work

#LI-POSTJob 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: 2026-04-14Application Deadline: 2026-05-22Note: 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.

Royal Bank of Canada

Apply Now