Associate Director, PC GIB/CIB Canada & Europe
Top Benefits
About the role
WHAT IS THE OPPORTUNITY?
Product Controllers are the front-line finance function for the Corporate & Investment Banking (C&IB) business. The role involves managing and leading a team of analysts to ensure that daily financial reporting is accurate and signed-off by the Front Office. The employee will act as the main liaison with Global Middle Office, Head Office Finance, Information Technology, Operations, Processing, Valuations and other operating units with issues related to the C&IB group. The AD must ensure that all daily and monthly accounting and reconciliations and attestations are performed and are accurate and complete. The AD will provide responses to requests from the Front Office, Risk, Valuations and Financial Control. The AD will also make assessments as to impact on existing processes and to streamline activities whenever possible. The AD also actively participates and leads the team in taking on the broader initiatives and projects sponsored by the bank.
WHAT WILL YOU DO?
- Build and manage a team of senior analysts and Managers that produce daily P/L and perform risk-based decompositions to explain that P/L
- Manage information flow of all business activity in accordance with the standing order to ensure that business partners obtain relevant information
- Ensure that daily sign-off is obtained by the Front Office in a timely fashion
- Attest to all monthly accounting entries to the G/L and conduct reconciliations to ensure figures are properly tied back to the systems of records and resolved in a timely fashion
- Represent Product Control in meetings acting as business lead for specific projects relating to Front Office, IT, Finance initiatives
- Develop and implement a strategic plan for consistent support across all business units through staff cross training
- Review and sign-off on daily and monthly procedure manuals and documentation is complete and up to date for the area
- Act as backup to the Director of C&IB Product Control
CHANGE MANAGEMENT FOR NEW PRODUCT IMPLEMENTATION AND PROCESS IMPROVEMENTS
- Identify opportunities to improve Product Control processes and productivity
- Manage and initiate the implementation of internal controls and ensure data integrity across systems and databases
- Lead Product Control in new system initiatives and manage any implementation projects; provide sign-off from a PC when IT is implementing new systems or system upgrades
- Ensure that any new initiatives/products have minimal impact to daily/monthly operations
WHAT DO YOU NEED TO SUCCEED?
Must have:
- Minimum five years of Product Control experience
- Strong leadership, analytical, problem solving, communication and people management skills
- Project Management experience and strong Change Management mindset
- University degree and CA/CMA/CGA/CPA/CFA (or equivalent experience)
- Accounting knowledge for on and off-balance sheet products a must
- Proficient in Excel, Access and Word
- Ability to solve and fix problems in a demanding environment with tight deadlines
- Ability to work effectively and reliably under pressure
- Advanced understanding of procedures and operational controls as they relate to trading systems and workflows
- Ability to work independently with minimal guidance from director
- Ability to make decisions and deal effectively with multiple stakeholders
Nice-to-have:
- Experience in a matrix environment, such as a large, publicly-traded corporation
- Ability to facilitate between and influence key decision makers
- Strategic thinker with excellent interpersonal skills to work across functions and businesses
What’s 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 and flexible benefits, competitive compensation, commissions, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- 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
- Flexible work/life balance options
- Opportunities to do challenging work
#LI-POST
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.
Associate Director, PC GIB/CIB Canada & Europe
Top Benefits
About the role
WHAT IS THE OPPORTUNITY?
Product Controllers are the front-line finance function for the Corporate & Investment Banking (C&IB) business. The role involves managing and leading a team of analysts to ensure that daily financial reporting is accurate and signed-off by the Front Office. The employee will act as the main liaison with Global Middle Office, Head Office Finance, Information Technology, Operations, Processing, Valuations and other operating units with issues related to the C&IB group. The AD must ensure that all daily and monthly accounting and reconciliations and attestations are performed and are accurate and complete. The AD will provide responses to requests from the Front Office, Risk, Valuations and Financial Control. The AD will also make assessments as to impact on existing processes and to streamline activities whenever possible. The AD also actively participates and leads the team in taking on the broader initiatives and projects sponsored by the bank.
WHAT WILL YOU DO?
- Build and manage a team of senior analysts and Managers that produce daily P/L and perform risk-based decompositions to explain that P/L
- Manage information flow of all business activity in accordance with the standing order to ensure that business partners obtain relevant information
- Ensure that daily sign-off is obtained by the Front Office in a timely fashion
- Attest to all monthly accounting entries to the G/L and conduct reconciliations to ensure figures are properly tied back to the systems of records and resolved in a timely fashion
- Represent Product Control in meetings acting as business lead for specific projects relating to Front Office, IT, Finance initiatives
- Develop and implement a strategic plan for consistent support across all business units through staff cross training
- Review and sign-off on daily and monthly procedure manuals and documentation is complete and up to date for the area
- Act as backup to the Director of C&IB Product Control
CHANGE MANAGEMENT FOR NEW PRODUCT IMPLEMENTATION AND PROCESS IMPROVEMENTS
- Identify opportunities to improve Product Control processes and productivity
- Manage and initiate the implementation of internal controls and ensure data integrity across systems and databases
- Lead Product Control in new system initiatives and manage any implementation projects; provide sign-off from a PC when IT is implementing new systems or system upgrades
- Ensure that any new initiatives/products have minimal impact to daily/monthly operations
WHAT DO YOU NEED TO SUCCEED?
Must have:
- Minimum five years of Product Control experience
- Strong leadership, analytical, problem solving, communication and people management skills
- Project Management experience and strong Change Management mindset
- University degree and CA/CMA/CGA/CPA/CFA (or equivalent experience)
- Accounting knowledge for on and off-balance sheet products a must
- Proficient in Excel, Access and Word
- Ability to solve and fix problems in a demanding environment with tight deadlines
- Ability to work effectively and reliably under pressure
- Advanced understanding of procedures and operational controls as they relate to trading systems and workflows
- Ability to work independently with minimal guidance from director
- Ability to make decisions and deal effectively with multiple stakeholders
Nice-to-have:
- Experience in a matrix environment, such as a large, publicly-traded corporation
- Ability to facilitate between and influence key decision makers
- Strategic thinker with excellent interpersonal skills to work across functions and businesses
What’s 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 and flexible benefits, competitive compensation, commissions, and stock where applicable
- Leaders who support your development through coaching and managing opportunities
- 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
- Flexible work/life balance options
- Opportunities to do challenging work
#LI-POST
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.