Job Summary

Job Description

What is the opportunity?

This role leads the Canadian Banking Product Control team within the P&CB Finance, specifically covering Business Financial Services and Personal Financing Products.

This role is primarily accountable for effectively managing the weekly and monthly Profit and Loss reporting for the Canadian Banking platform. This involves managing a team of product controllers to ensure reporting is accurate and supported for the associated P&L and balance sheet. The Associate Director will also ensure that all daily and monthly accounting, reconciliations and attestations are performed regularly and are accurate and complete; as well as ensuring that all disclosures and regulatory reporting are performed monthly, quarterly or annually as required and are accurate and complete.

What will you do?

Manage a team of four that produce P&L and decomposition thereofCommunication of monthly estimate and actual results to Finance stakeholders and senior managementReview and approve all monthly accounting entries to the G/L and review reconciliations to ensure figures are properly tied back to the systems of recordsReview and approve all monthly, quarterly and annual disclosures and regulatory reporting to ensure results are accurate and appropriateEnsure that all daily and monthly procedure manuals and documentation is complete and up-to-date for the areaAssist managers in the investigation and resolution of P/L discrepancies arising from incorrect booking of trades, missing deals, system errors, valuation methodologies, etc. by liaising with various functional teamsMaintain all relevant SOX/End User Computing (EUC) controlsDesign, deliver, and implement analytic development projects, with the use of RBC’s analytics toolsEnsure that project activities are accomplished within approved time frames, scope, and budgetsConfirm that projects adhere to development standards and guidelinesWork with data warehouses on various projectsMonitor and liaise with IT and systems groups with regards to data and sourcesPrepare analysis / reports to meet ad-hoc requests as necessaryWork in a dynamic, collaborative, progressive and highly performing teamAbility to make a real impact to the bank and have decisions that will change how we do business

What do you need to succeed?

Must-have

3+ years’ of experience in Product Control or a closely related roleProven experience and strong overall understanding of Product Control activities, operations and linkages with other teamsStrong leadership, analytical, communication and people management skillsAbility to make decisions and collaborate effectively with peopleAbility to deal with problems that are not well defined and create clear and concise solutions with feedback from many usersExperienced in project management and change management

Nice-to-have

CA/CGA/CMA/CPA/CFA/MBA (Finance) or other accounting designationExperience working with Big Data to drive Business Driver insights and analyticsStrong understanding of P&CB loans and deposits systems, as well as downstream Finance systems such as OLMS, OLBB, DDA, BVI, CGID, and ALRETS

Job Skills

Accounting, Business Analytics, Financial Accounting Systems, General Ledger Administration, Group Problem Solving, Helping Employees Succeed, Team Management

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:

2025-03-07

Application Deadline:

2025-03-22

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 embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
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We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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