Associate, Product Controller - Credit Europe

RBC • Toronto, ON

2d • Onsite

About The Position

As an Associate, Product Controller - Credit Europe, you are a Product Control team member covering the business function for the Asset Backed Securities, Credit Loan Originations and Credit Europe desk. All responsibilities carried out in accordance with Code of Conduct, RBC Values and Guiding Principles ensuring adherence to Privacy principles. Please note: while this role is based in Toronto, it involves covering a UK-based desk, hence there would be a 6:30am start time.

Requirements

• Bachelors degree or equivalent with relevant experience in finance/controls or process improvement.
• Good understanding of financial reporting, Audit compliance, and financial systems.
• Excellent analytical, organizational, and problem-solving skills.
• Ability to manage multiple priorities and support executive-level requests.
• Strong communication skills for interacting with senior management and stakeholders.

Nice To Haves

• Canadian financial institution business/transaction knowledge.
• CFA, obtained or working towards

Responsibilities

• Provide an effective link between Front Office (FO), & Financial Control, bringing sound product knowledge into the arena, so that any disagreements in daily P+L are resolved on a timely basis & ultimate P+L agreement with FO is achieved, evidenced & logged.
• Responsible to produce daily desk P&L including commentaries
• Justification of P&L via daily risk-based decomposition, utilizing the Greeks and new trade analysis
• Reconciliation of P&L to traders estimates
• Ensure integrity of the banks books & records via reconciliation and attestation
• Sound understanding of product flows, trade bookings accounting treatments, providing support in detailed investigations on FOBO reconciliation activities
• Reporting of consolidated results to senior management including appropriate valuation adjustments
• Production of ad-hoc reporting and analysis required by Front Office and senior management including deep dive on P&L, Balance Sheet analysis, and other financial analysis
• Ensure the Product Control team and stakeholders are immediately aware of revaluation issues that may affect downstream activity.
• Ensure PC remains and is seen to be an independent control function

Benefits

• 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.
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level