Manager, Product Control, Capital Markets

Finsight Group Inc; Greater London; On-site; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Total rewards program

Flexible benefits

Competitive compensation

World-class training

Job summary

RBC is seeking a Manager, Product Control in Capital Markets to provide analytical support to the RMG Product Control team, focusing on daily P&L production and reconciliations. The role requires experience in a Capital Markets environment, strong Excel and SQL skills, and excellent analytical abilities.

It is a permanent, full-time position with 4 days in the London office. You will generate risk and position reports, handle front-office inquiries, and support monthly closings and regulatory

Qualifications

• Experience in a Capital Markets environment, supporting a trading desk or product control.
• Excellent MS Excel, Database and SQL skills.
• Strong analytical, 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.
• CFA Candidates or Charter holders.

Responsibilities

• Daily P&L production, month-end reporting and reconciliation.
• Act as the primary point of contact for Front Office queries and ensure timely task completion.
• Perform daily valuation and analyze MTM movements and related yield/curve changes.
• Monitor operational, valuation and risk issues for assigned trading portfolios.
• Communicate Daily/MTD/YTD results to Desk Head and explain variances.
• Prepare monthly G/L entries and reconciliations to tie to systems of record.
• Support statutory/regulatory reporting and Head Office as needed.
• Identify opportunities to improve valuation/risk reports and streamline processes.
• Perform daily P&L and Balance Sheet reconciliations.

Skills

Excel

SQL

Database skills

Education

CFA Candidate or Charter Holder

Job description

Manager, Product Control, Capital Markets

The Manager, Product Control role involves providing analytical support to the Capital Markets’ Resource Management Group (RMG) Product Control team, focusing on daily P&L production and reconciliation. A strong background in a Capital Markets environment, proficiency in MS Excel and SQL, as well as excellent analytical skills are essential for this position. The role also offers comprehensive rewards and development opportunities within a high-performing team.

As a Manager, Product Control, you will be responsible to provide quality analytical support to the Capital Markets’ Resource Management Group (RMG) Product Control team by performing daily P&L production, reconciliation, and generating risk / position reports on an accurate and timely basis.

This is a permanent, full-time role and requires 4 days in the 10 Fenchurch Avenue, London office.

What will you do?

• Daily P&L production, month-end reporting and reconciliation.
• Act as the primary point person for all Front Office queries and issues and effectively monitor, track, and complete tasks in a timely fashion.
• Perform daily valuation and analyze MTM movements by measuring the impact of new deals, amendments, cancellations as well as changes in yield curves, volatilities, convexity bias, rate reset and time decay where applicable.
• Pro-actively monitor all operational, valuation and risk management issues pertaining to the trading portfolios assigned.
• Communication of Daily, MTD and YTD results to the Desk Head, compare P&L Estimate vs. Actual results – explain variances and obtain sign-off.
• Prepare all monthly accounting entries to the G/L and conduct reconciliations to ensure figures are properly tied back to the systems of record.
• Provide support to Statutory and Regulatory Reporting and Head Office as it relates to the business – filling out relevant templates and providing adequate back up.
• Identify opportunities to improve valuation and risk 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.

What do you need to succeed?

Must-have

• Demonstrated experience in a Capital Markets environment, supporting a trading desk or product control function.
• Excellent MS Excel, Database and SQL Skills.
• Strong analytical, 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.

Nice-to-have

• CFA Candidates or Charter holders.

What is 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, flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Opportunities to work with the best in the field
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services.

Pay Transparency

Information regarding travel, RBC’s compensation philosophy, and additional details provided here.