Manager, Product Control
City : Toronto
Category : Finance | Accounting
Industry : Financial/Banking
Employer : RBC
Job Description
What is the opportunity?
As a Manager, Corporate Treasury Product Control, you will manage the delivery of Profit & Loss reporting and reconciliations for the Corporate Treasury Product Control team, specifically supporting the Asset Liability Management (ALM) business. Analyze & report the weekly and monthly trading activity in the books, and ensure that all activity, as well as reconciliations and attestations, are accurate and complete. Conduct reconciliations to ensure figures are properly tied back to the systems of records. Ensure there are key controls in place to attest to the integrity of Corporate Treasury P&L.
What will you do?
- Collaborate closely with Finance, business, risk management, and IT partners to enhance control environment and drive transparency
- Assist in developing a robust ALM P&L reporting process through leveraging existing and new data infrastructure
- Responsible for the production of weekly & monthly P&L , month-end reporting and reconciliation
- Review & enter all monthly accounting entries to the General Ledger and conduct reconciliations to ensure figures are properly tied back to the systems of records as these figures are reported in the Bank’s financials
- Address queries from external and internal clients with regards to trade booking, P&L, spreads, reporting issues
- Prepare analysis / reports to meet ad-hoc requests as necessary, such as mark-to-market, performance metrics or regulatory disclosure requirements
- Ensure that all daily and monthly procedure manuals and documentation are complete and up-to-date for the area
- Identify opportunities to improve the desks’ reconciliation and reports and pro-actively streamline processes to improve productivity
- Provide recommendations to ensure adequate internal controls and data integrity across systems and databases
What do you need to succeed?
Must have:
- Excellent analytical, problem solving, interpersonal and communication skills
- 2+ years of experience in a Capital Markets environment and/or supporting a trading desk
- Familiar with fixed income products and strategies, including bond and swaps
- Proficient in SQL and Microsoft Office (particularly Excel)
- Ability to work in a high demanding environment with tight deadlines; solve and fix problems within a short period of time
- Ability to deal with problems that are not well defined and create clear and concise solutions with feedback from stakeholders
- Experience creating and analyzing large datasets to drive business insights.
- Strong understanding of loans and deposits systems as well as downstream Finance systems, such as OLMS, OLBB, DDA, BVI, CGID, and ALRET.
Nice-to-have:
- CFA Candidates or Charter holders, pursuing accounting designation or CPA holder
- Experience building financial models
- Experience with trading system migration and change management
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
Automation, Corporate Treasury, Data Query, Detail-Oriented, End Reporting, Finance, Financial Systems, General Ledger (GL), Internal Controls, Microsoft Excel, Month End Reporting, Multitasking, Reporting Processes, Structured Query Language (SQL)Additional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At 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.
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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.