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Lead Product Controller

2 months ago


London, Greater London, United Kingdom Royal Bank of Canada> Full time

Job Overview

Purpose
As a key member of the Product Control team, you will oversee the operational aspects of the Debt Capital Markets and Spread Investment Grade business.

Key Responsibilities

  • Act as a vital liaison between the Front Office and Financial Control, leveraging specialized product expertise to ensure timely resolution of daily P&L discrepancies and achieving final P&L agreement with the Front Office.
  • Generate daily desk P&L reports along with insightful commentaries.
  • Validate P&L through daily risk-based analysis, employing Greeks and new trade evaluations.
  • Reconcile P&L with trader estimates to ensure accuracy.
  • Maintain the integrity of the bank's financial records through thorough reconciliation and attestation processes.
  • Possess a comprehensive understanding of product flows and trade booking accounting practices, providing support for detailed investigations related to Front Office and Back Office reconciliation activities.
  • Conduct ad-hoc analyses as requested by the Front Office and senior management, including in-depth P&L reviews and Balance Sheet assessments.
  • Report consolidated results to senior management, incorporating necessary valuation adjustments.
  • Ensure that the Product Control team and relevant stakeholders are promptly informed of any revaluation issues that may impact subsequent activities.
  • Produce ad-hoc reports as needed by the Front Office and senior management.
  • Participate in significant change management initiatives aimed at enhancing daily operational processes.
  • Uphold the independence of the Product Control function.
  • Facilitate compliance with Regulatory and Audit standards within Capital Markets.
  • Provide essential leadership and input in the design, testing, and implementation of major infrastructural changes.
  • Maximize efficiency gains through technological advancements and business process improvements.

Required Skills

Proficiency in Accounting, Business Analytics, Financial Accounting Systems, General Ledger Administration, and Group Problem Solving.

Additional Information

At RBC, we are dedicated to fostering diversity and inclusion to drive innovation and growth. We are committed to creating equitable workplaces where all employees can express their authentic selves. We actively address issues of inequity and systemic bias to support our diverse talent, clients, and communities.

We also strive to ensure an accessible candidate experience for individuals with varying abilities. Please inform us if you require any accommodations during the recruitment process.