Associate, Product Control

RBC•Jersey City, NJ

1d•$85,000 - $145,000•Onsite

About The Position

As a Manager Product Control, you will be responsible to provide quality support for Commodities trading desk, by performing daily mark-to-market valuation, Profit and Loss (P&L) reporting and reconciliation on an accurate and timely basis, liaise with other parts of Product Control, Front Office, Middle Office, Information Technology, Trade Processing, Financial Control and other operating units to facilitate trading activities and daily P&L production.

Requirements

5+ years of experience in a Capital Markets environment, supporting a trading desk
Excellent MS Excel, 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 Haves

Canadian Securities Course
Derivative Fundamental Course
CFA Candidates or Charter holders
CPA

Responsibilities

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.