Job Description
What is the opportunity?
We are offering an exciting opportunity to join our London Product Control team, where you will play a key role in providing financial reporting and support to the Front Office desk (Risk Management Group).
This desk is responsible for funding/collateral related valuation adjustments for derivative trades.
If you are looking for a challenging and rewarding role in a fast-paced environment, this position provides an excellent platform to develop your expertise and make a meaningful impact within the organisation.
Should you be shortlisted, do please let us know if you have any specific requirements for the interview.
This is a permanent, full-time role and requires 4 days in the office at our 10 Fenchurch Avenue, London Office.
What will you do?
Daily supervision of reporting by members of the team, and daily production of daily desk P&L including commentaries.
To provide an effective link between Front Office (FO), & Financial Control, requiring detailed product knowledge, so that any disagreements in daily P+L are resolved on a timely basis & ultimate P+L agreement with FO is achieved, evidenced & logged.
To ensure integrity of the banks books & records via reconciliation and attestation.
To assist with higher level month end reporting tasks; to include creation and review of adjustments, ledger reconciliations and attestation and the production of adequate audit trail.
To provide key leadership and input into designing, testing and delivering the major infrastructural changes for this business. Involvement in key change management projects to deliver improvements to our daily processes.
Ensuring adequate documentation exists to support existing processes, enabling effective X-training and cover.
Reporting of consolidated results to senior management including appropriate valuation adjustments.
To assess areas of procedural and control weakness with a view to implement solutions through a combination of re-design, procedural improvement and technology advancements.
Facilitate adherence to and substantiation of the Regulatory and Audit requirements within Capital Markets.
What do you need to succeed?
Must-have
Demonstrable and relevant Product Control experience (ideally in Interest Rate Derivatives products) gained within a banking/trading environment.
Required recognised Accounting qualification expected, but exceptional candidates may qualify with relevant experience.
Strong product accounting skills with solid awareness of management and HO accounting processes and financial, statutory and regulatory reporting issues.
Strong intellect, energetic and self-motivating, a people manager with a team player ethos, innovative, capable of multi-tasking, tactful, reliable.
Creates solutions which are well designed and logical; have near optimum efficiency/levels of automation, with a keen focus on quality and timely delivery.
Excellent communication skills especially with Front Office members.
Assumes high level of responsibility whilst communicating key issues upwards and downwards when required.
Capable of working within tight deadlines & under severe time pressure. Strong ability to convert theory into practice.
Excellent numerical skills with the ability to problem solve in a logical manner.
Able to identify areas of procedural and control weakness and to design robust and automated solutions that dovetail neatly into fully reconciled B/S.
Nice-to-have
Good awareness of derivative valuation adjustments particularly on CSA discounting.
Familiarity with Trade booking systems such as Murex.
Strong knowledge of "Greeks" based decomposition.
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.
Agency Notice
RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.
Job Skills
Accounting, Business Analytics, Employee Success, Financial Accounting Systems, General Ledger Administration, Group Problem Solving, Team ManagementAdditional Job Details
Address:
City:
Country:
Work hours/week:
Employment Type:
Platform:
Job Type:
Pay Type:
Posted Date:
Application Deadline:
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
Our Employment Opportunities
At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One RBC. We believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.