Product Control Central Funding Manager

RBC; Toronto; On-site; CAD 80,000 - 110,000; Full time

Job summary

A leading financial institution in Toronto is looking for a Product Control Central Funding Manager to provide essential support to the Central Funding business. Responsibilities include daily P&L reporting, reconciliation, and interaction with various departments to ensure effective trading operations. Candidates should have a university degree and at least two years of relevant experience, especially with Cash Funding products. This position also demands excellent Excel skills and the ability to work independently while meeting tight deadlines. A competitive compensation package is offered.

Benefits

Comprehensive Total Rewards Program

Leadership development opportunities

Flexible benefits

Qualifications

• Minimum two years of Product Control or related experience.
• Strong ability to work independently with minimal guidance from manager.
• Good understanding of Investment products.

Responsibilities

• Daily P&L production, month-end reporting and reconciliations.
• Inform senior management of any irregularities.
• Prepare all monthly accounting entries to the G/L.

Skills

Product Control experience

Cash Funding products

Excellent Excel Skills

Problem-solving skills

Interpersonal skills

Communication skills

Education

University degree

Job description

Job Description

The Product Control Central Funding Manager will provide quality support to the Central Funding business by performing daily mark-to-market valuation, P&L reporting and reconciliation on an accurate and timely basis. Additionally, they will liaise with Front Office, Middle Office, Information Technology, Trading Processing, Financial Control and other operating units to facilitate trading activities and daily P&L production.

Note: This role involves covering the London Desk so standard working hours would start at 6:30 am, Monday to Friday.

What will you do?

• Daily P&L production, month-end reporting and reconciliations
• Accountable for the P&L production and analysis across within a platform or multiple platforms across the bank.
• Inform senior management of any irregularities that may present potential exposure to the firm
• Prepare all monthly accounting entries to the G/L and conduct reconciliations to ensure figures are properly tied back to the systems of record
• Work closely with all members of the Product Control team, providing guidance and cross training when required
• Identify opportunities to improve valuation reports and pro-actively streamline processes to improve productivity
• Perform daily PNL and Balance Sheet reconciliations to ensure figures are properly tied back to the systems of records
• Maintain a solid knowledge base of how various asset classes are handled by the Front Office systems
• Perform testing of new system update releases
• Provide information to satisfy audit requests from both internal and external auditors
• Develop an understanding of RBC operations and the functions of various business units across the firm
• Pro-actively monitor all operational issues pertaining to the trading portfolios assigned

What do you need to success?

Must-Have:

• University degree
• Minimum two years of Product Control or related experience
• Experience with Cash Funding products (Repos/RevRepos)
• Product knowledge with various other assets classes (IRS’s and bonds)
• Excellent Excel Skills
• Good understanding of Investment products
• Strong problem-solving, interpersonal and communication skills
• Able to work effectively and reliably under pressure
• Advanced understanding of procedures and operational controls as they relate to trading systems and workflows
• Strong ability to work independently with minimal guidance from manager

Nice to have:

• Canadian Securities Course
• CFA Candidates or Charter holders

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 last impact.

Equal Opportunity

At 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.