Manager, Product Control
Job Summary
Job Description
What is the opportunity?
The Manager, Product Control produces PL and manages PL related activities for the CLO Origination, Conduit, Alt Finance and Lending business strategies. The position requires a professional to work closely with various bankers/traders and to manage the integrity of the local general ledger. The individual must possess an excellent understanding of P/L production, product knowledge and balance sheet maintenance. Product knowledge includes an understanding of CLOs and Loans.
What you will do?
- Perform daily P&L analysis and reporting, ensuring effective validation and control.
- Responsible for the breakdown and analysis of both sequential and risk-based P&L decomposition
- Provide insightful PL commentary (daily/weekly/monthly)
- Highlight and analyze New Deal activity, including production of Significant Transaction Reviews
- Provide advice to the Front Office and senior managers on trade bookings, accounting treatment, and reserving for new transactions.
- Liaison between the Front Office and Information Technology
- Compare and reconcile the Sub Ledger to the General Ledger
- Collaborate with other areas within the firm (FC, IT, Ops, FO, IPV, Risk, Tax)
- Provide answers to queries from internal audit.
- Contribute to business strategy and delivery.
- Assist in ongoing projects and Ad hoc projects (investigations, and development of new tools)
What you need to succeed?
Must Have
- Bachelor's degree in Accounting/Finance.
- 3+ years of financial services experience within Capital Markets product control environments with excellent technical understanding of capital market products
- Strong Accounting knowledge, Balance Sheet and Profit & Loss Statement
- Product knowledge of Financial Instruments
- Able to work with spreadsheets and perform financial analysis
- Ability to interact successfully with the Front Office and senior management.
- Proficiency in Excel
Nice to Have
- BS/MBA Finance or Economics
- CFA/CPA
Job Skills
Accounting, Business Analytics, Financial Accounting Systems, General Ledger Administration, Group Problem SolvingAdditional Job Details
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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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