Manager - Product Control

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 a Manager - Product Control, 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.

Responsibilities

• 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

Requirements

• 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?

• A comprehensive Total Rewards Program including bonuses and flexible benefits
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in an agile, collaborative, progressive, and high-performing team
• The opportunity to interface with senior level executives from many different parts of the organization