Job Summary

Job Description

What is the opportunity?

The Manager, Product Control produces PL and manages PL related activities for the CLO Origination, Conduit, Alt Finance and Lending business strategies. The position requires a professional to work closely with various bankers/traders and to manage the integrity of the local general ledger. The individual must possess an excellent understanding of P/L production, product knowledge and balance sheet maintenance.  Product knowledge includes an understanding of CLOs and Loans.

What you will do?

Perform daily P&L analysis and reporting, ensuring effective validation and control.Responsible for the breakdown and analysis of both sequential and risk-based P&L decompositionProvide insightful PL commentary (daily/weekly/monthly)Highlight and analyze New Deal activity, including production of Significant Transaction ReviewsProvide advice to the Front Office and senior managers on trade bookings, accounting treatment, and reserving for new transactions.Liaison between the Front Office and Information TechnologyCompare and reconcile the Sub Ledger to the General LedgerCollaborate with other areas within the firm (FC, IT, Ops, FO, IPV, Risk, Tax)Provide answers to queries from internal audit.Contribute to business strategy and delivery.Assist in ongoing projects and Ad hoc projects (investigations, and development of new tools)

What you need to succeed?

Must Have

Bachelor’s degree in Accounting/Finance.3+ years of financial services experience within Capital Markets product control environments with excellent technical understanding of capital market productsStrong Accounting knowledge, Balance Sheet and Profit & Loss StatementProduct knowledge of Financial InstrumentsAble to work with spreadsheets and perform financial analysisAbility to interact successfully with the Front Office and senior management.Proficiency in Excel

Nice to Have

BS/MBA Finance or EconomicsCFA/CPA

Job Skills

Accounting, Business Analytics, Financial Accounting Systems, General Ledger Administration, Group Problem Solving

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:

2025-01-08

Application Deadline:

2025-01-25

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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