Manager, Canadian Banking Product Control

RBC; Toronto; On-site; CAD 120,000 - 180,000; Full time

Benefits offered by this job

Bonuses and flexible benefits

Stock where applicable

Development opportunities

Job summary

RBC in Toronto is seeking a Manager Product Control to support Canadian Banking Product Control with month-end P&L posting, reconciliations and reporting. You will work with data from source systems, validate valuations, and provide analyses and commentary on large movements.

The role demands a BA/BS in finance or quantitative discipline, at least 3 years in a finance environment, strong analytical skills and proficiency with databases and spreadsheets. Full-time, salaried, 37.5 hours.

Qualifications

• BA / BS or equivalent with emphasis in finance, economics or other quantitative discipline.
• Minimum 3 years of experience in a sophisticated Finance environment with an understanding of retail banking products.
• Strong analytical, problem solving, interpersonal and communication skills.
• Above average quantitative and PC skills an asset; Database, programming skills a plus
• Ability to work effectively and reliably under pressure

Responsibilities

• Perform monthly P&L posting and accounting entries to the G/L and conduct regular reconciliations to ensure figures are properly tied back to the systems of records.
• Perform P&L decomposition by using source system data and produce comparisons to reported P&L by measuring the impact of new deals, amendments, cancellations as well as changes in curves, rates, prices where applicable.
• Provide P&L Analysis – commentary and breakdown for large movements in P&L.
• Communication of Weekly, MTD and YTD results, compare P&L Estimate vs. Actual results –explain and log variances.
• Ensure that the valuation of products is accurate, the methodology documented, and the booking thereof is correct in the general ledger.
• Prepare Month-end Electronic Standard of Documentation as per policy.

Skills

Accounting

Business Analytics

Financial Accounting Systems

General Ledger Administration

Group Problem Solving

Education

BA / BS or equivalent with emphasis in finance, economics or other quantitative discipline

Job description

What is the opportunity?

A new and exciting opportunity has arisen at RBC to join the RBC Canadian Banking – Product Control Team as Manager Product Control. You will provide analytical support to the Canadian Banking Product Control area through the production of Profit and Loss (P&L) and the monthly reporting of associated products.

Job Description

A new and exciting opportunity has arisen at RBC to join the RBC Canadian Banking – Product Control Team as Manager Product Control. You will provide analytical support to the Canadian Banking Product Control area through the production of Profit and Loss (P&L) and the monthly reporting of associated products. You will ensure that the P&L reconciliation of source data is performed for all accounts under Product Control responsibility and is accurate and complete as well as production of P&L decompositions and estimates from source systems on a weekly basis.

What will you do?

• Perform monthly P&L posting and accounting entries to the G/L and conduct regular reconciliations to ensure figures are properly tied back to the systems of records.
• Perform P&L decomposition by using source system data and produce comparisons to reported P&L by measuring the impact of new deals, amendments, cancellations as well as changes in curves, rates, prices where applicable.
• Provide P&L Analysis – commentary and breakdown for large movements in P&L.
• Communication of Weekly, MTD and YTD results, compare P&L Estimate vs. Actual results –explain and log variances.
• Ensure that the valuation of products is accurate, the methodology documented, and the booking thereof is correct in the general ledger.
• Prepare Month-end Electronic Standard of Documentation as per policy.
• Apply advanced quantitative, spreadsheet modelling and database management skills (Excel, Access, Datameer) to develop an enhanced process for P&L estimation and decomposition using data from source system.
• Work closely with all members of the Product Control team, providing guidance and cross training.
• Provide assistance to other reporting groups in fulfilling their reporting, disclosure and filing requirements, by filling out relevant templates and providing adequate back up.
• Identify opportunities to improve and pro-actively streamline processes to improve productivity
• Maintain a solid knowledge base of how various products are handled by the source systems
• Provide information to satisfy audit requests from both internal and external auditors
• Develop an understanding of, and a solid relationship with RBC Canadian Banking operations and the functions of various business units across the firm.

What do you need to succeed?

Must-have

• BA / BS or equivalent with emphasis in finance, economics or other quantitative discipline
• Minimum 3 years of experience in a sophisticated Finance environment with an understanding of retail banking products
• Strong analytical, problem solving, interpersonal and communication skills.
• Above average quantitative and PC skills an asset; Database, programming skills a plus
• Ability to work effectively and reliably under pressure

Nice-to-have

• Working knowledge of database design concepts
• Experience relating to data analytics and visualization
• Continuous improvement and innovation mindset
• Ability to work independently with minimal guidance from manager
• Solid understanding of procedures and operational controls as they relate to Canadian Banking

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.
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Ability to make a difference and lasting impact.

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: 2026-07-21

Application Deadline: 2026-08-31

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.