About the role
Job Description
What is the opportunity?
The Manager, Valuations role is a control function to perform Independent Price Verification (IPV) and other Valuation Adjustments (VA) for RBC’s fair value inventory. This role will design and maintain a robust valuations environment to ensure fair value compliance; while ensuring fair value estimates are accurate, timely and representative of traded markets.
What you will do?
- Conducting daily, weekly and monthly IPV and VA calculation relating to various Fixed Income products, such as Government Bonds, Corporate Bonds, Securitized Products, and Loans.
- Leverage and develop knowledge of financial markets, products and quantitative background to evaluate IPV results and support resolution of IPV difference. Ensure IPV issues outside accepted tolerances are reported and dealt with promptly.
- Explore market data sources for the best measure of fair value on the financial instruments.
- Ensure that existing VA/IPV processes continue to be aligned and keep pace with the business, and Regulator and Accounting Best Practice.
- Provide detailed reports and analysis to RBC regional valuations committees, business heads, senior managers and heads of Valuations, Market Risk and Finance on VA/IPV results.
- Communicate with Front Office and/or related counterparties to explain IPV/VA results and/or month over month movement. Lead the coordination of solutions in partnership with product controllers, front office, market risk and other internal groups.
- Develop new and enhance existing Valuation policies, including methodology and procedure documentation and sources of external market data, ensure that all VA/IPV processes are complete and follow RBC’s risk policies and procedures.
- Challenge existing IPV methodologies, working practices and improve data quality and process efficiencies.
Must Have
- Undergraduate degree with 2+ years of finance related working experience
- Expertise in fixed income financial products
- Advance knowledge of excel
- Strong understanding of valuation process and impact
- Attention to details
- Excellent multi-tasking skills
- Good written and verbal communication skills
Nice to Have
- Advanced degree in a quantitative area
- Knowledge of VBA, Python and database tool such as SQL
- Knowledge of Bloomberg, Intex, Reuters and other financial analytics software
Job Skills
Accounting, Bloomberg Professional, Bond Pricing, Bond Valuation, Corporate Bonds, Discounted Cash Flow (DCF), Fair Valuation, Financial Accounting Systems, Financial Instruments, Financial Markets, Fixed Income Products, Fixed-Income Securities, Group Problem Solving, Independent Price Verification, IPV (Inactive), Microsoft Excel, Microsoft Excel VBA Programming
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
City:
Toronto
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
OFFICE OF THE CFO
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-08-15
Application Deadline:
2025-09-15
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
About the role
Job Description
What is the opportunity?
The Manager, Valuations role is a control function to perform Independent Price Verification (IPV) and other Valuation Adjustments (VA) for RBC’s fair value inventory. This role will design and maintain a robust valuations environment to ensure fair value compliance; while ensuring fair value estimates are accurate, timely and representative of traded markets.
What you will do?
- Conducting daily, weekly and monthly IPV and VA calculation relating to various Fixed Income products, such as Government Bonds, Corporate Bonds, Securitized Products, and Loans.
- Leverage and develop knowledge of financial markets, products and quantitative background to evaluate IPV results and support resolution of IPV difference. Ensure IPV issues outside accepted tolerances are reported and dealt with promptly.
- Explore market data sources for the best measure of fair value on the financial instruments.
- Ensure that existing VA/IPV processes continue to be aligned and keep pace with the business, and Regulator and Accounting Best Practice.
- Provide detailed reports and analysis to RBC regional valuations committees, business heads, senior managers and heads of Valuations, Market Risk and Finance on VA/IPV results.
- Communicate with Front Office and/or related counterparties to explain IPV/VA results and/or month over month movement. Lead the coordination of solutions in partnership with product controllers, front office, market risk and other internal groups.
- Develop new and enhance existing Valuation policies, including methodology and procedure documentation and sources of external market data, ensure that all VA/IPV processes are complete and follow RBC’s risk policies and procedures.
- Challenge existing IPV methodologies, working practices and improve data quality and process efficiencies.
Must Have
- Undergraduate degree with 2+ years of finance related working experience
- Expertise in fixed income financial products
- Advance knowledge of excel
- Strong understanding of valuation process and impact
- Attention to details
- Excellent multi-tasking skills
- Good written and verbal communication skills
Nice to Have
- Advanced degree in a quantitative area
- Knowledge of VBA, Python and database tool such as SQL
- Knowledge of Bloomberg, Intex, Reuters and other financial analytics software
Job Skills
Accounting, Bloomberg Professional, Bond Pricing, Bond Valuation, Corporate Bonds, Discounted Cash Flow (DCF), Fair Valuation, Financial Accounting Systems, Financial Instruments, Financial Markets, Fixed Income Products, Fixed-Income Securities, Group Problem Solving, Independent Price Verification, IPV (Inactive), Microsoft Excel, Microsoft Excel VBA Programming
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST:TORONTO
City:
Toronto
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
OFFICE OF THE CFO
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-08-15
Application Deadline:
2025-09-15
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.