Royal Bank of Canada

Manager, Canadian Banking Product Control

Royal Bank of Canada • $90K — $120K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • Bachelor's degree in finance, economics or quantitative discipline
  • 3+ years experience in finance with retail banking knowledge
  • Strong analytical and problem-solving skills
  • Proficient in quantitative analysis and PC tools
  • Ability to perform under pressure

Responsibilities

  • Perform monthly P&L posting and accounting entries
  • Conduct P&L decomposition and report comparisons to new deals
  • Analyze and provide commentary on large P&L movements
  • Communicate P&L results and analyze variances
  • Ensure accuracy of product valuation and ledger entries
  • Prepare month-end documentation as per policy
  • Develop improved P&L estimation processes using advanced skills

Benefits

  • Comprehensive Total Rewards Program including bonuses and flexible benefits
  • Supportive leaders dedicated to professional development
  • Opportunities for challenging and impactful work
  • Career advancement with greater responsibility
  • Culture focused on community contribution and mutual success
Full Job Description
Job Description

What is the opportunity?

A new and exciting opportunity has arisen at RBC to join the RBC Canadian Banking - Product Control Team as Manager Product Control. You will provide analytical support to the Canadian Banking Product Control area through the production of Profit and Loss (P&L) and the monthly reporting of associated products.

You will ensure that the P&L reconciliation of source data is performed for all accounts under Product Control responsibility and is accurate and complete as well as production of P&L decompositions and estimates from source systems on a weekly basis.

What will you do?

  • Perform monthly P&L posting and accounting entries to the G/L and conduct regular reconciliations to ensure figures are properly tied back to the systems of records.
  • Perform P&L decomposition by using source system data and produce comparisons to reported P&L by measuring the impact of new deals, amendments, cancellations as well as changes in curves, rates, prices where applicable.
  • Provide P&L Analysis - commentary and breakdown for large movements in P&L.
  • Communication of Weekly, MTD and YTD results, compare P&L Estimate vs. Actual results -explain and log variances.
  • Ensure that the valuation of products is accurate, the methodology documented, and the booking thereof is correct in the general ledger.
  • Prepare Month-end Electronic Standard of Documentation as per policy.
  • Apply advanced quantitative, spreadsheet modelling and database management skills (Excel, Access, Datameer) to develop an enhanced process for P&L estimation and decomposition using data from source system.
  • Work closely with all members of the Product Control team, providing guidance and cross training.
  • Provide assistance to other reporting groups in fulfilling their reporting, disclosure and filing requirements, by filling out relevant templates and providing adequate back up.
  • Identify opportunities to improve and pro-actively streamline processes to improve productivity
  • Maintain a solid knowledge base of how various products are handled by the source systems
  • Provide information to satisfy audit requests from both internal and external auditors
  • Develop an understanding of, and a solid relationship with RBC Canadian Banking operations and the functions of various business units across the firm.


What do you need to succeed?

Must-have
  • BA / BS or equivalent with emphasis in finance, economics or other quantitative discipline
  • Minimum 3 years of experience in a sophisticated Finance environment with an understanding of retail banking products
  • Strong analytical, problem solving, interpersonal and communication skills.
  • Above average quantitative and PC skills an asset; Database, programming skills a plus
  • Ability to work effectively and reliably under pressure


Nice-to-have
  • Working knowledge of database design concepts
  • Experience relating to data analytics and visualization
  • Continuous improvement and innovation mindset
  • Ability to work independently with minimal guidance from manager
  • Solid understanding of procedures and operational controls as they relate to Canadian Banking


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.
  • Opportunities to do challenging work
  • Opportunities to take on progressively greater accountabilities
  • Ability to make a difference and lasting impact.


Job Skills
Accounting, Business Analytics, Financial Accounting Systems, General Ledger Administration, Group Problem Solving

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:

2026-07-21

Application Deadline:

2026-08-31
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

About Royal Bank of Canada

Royal Bank of Canada Careers

Join the dynamic team at Royal Bank of Canada (RBC), a global leader in financial services and a company committed to excellence and innovation. At RBC, we offer a wide range of job opportunities that empower professionals to shape their career paths with leadership, diversity training, and continuous growth.

Work You’ll Do

At Royal Bank of Canada, we are not just hiring; we are building a culture of innovation and leadership. Our team members are at the forefront of the financial industry, driving transformation and delivering targeted solutions that meet the evolving needs of our clients and communities.

Explore Job Opportunities and Employment at RBC

Whether you are starting your career or looking to take it to the next level, RBC offers positions that challenge your skills and fuel your ambition. From entry-level positions to leadership roles, our job opportunities span across various functions and regions. Join us and be part of a team that values professional growth and diversity.

Internship and Professional Development

Kickstart your career with an internship at Royal Bank of Canada. Our internships provide invaluable hands-on experience, networking opportunities, and insights into the financial services industry. Interns at RBC gain the skills necessary to excel and are often considered for full-time positions within the company.

Benefits and Culture

At RBC, we prioritize the well-being and satisfaction of our employees. Our benefits package is designed to support our team members at every stage of their life and career. RBC’s culture is built on a foundation of respect, integrity, and responsibility, fostering an environment where everyone can thrive.

Career Growth and Innovation

We believe in nurturing the potential of our employees through continuous learning and career development programs. At RBC, you will find endless opportunities to grow professionally through on-the-job experiences, formal training programs, and leadership development initiatives. Our commitment to innovation means we are constantly seeking out new ideas and perspectives, making RBC a perfect place for those who aim to lead and innovate.

Diversity and Inclusion

Diversity is our strength. At Royal Bank of Canada, we are committed to building an inclusive workplace where every employee feels valued and respected. Our diversity training programs are designed to educate and inspire, creating a more inclusive and equitable workplace.

Join Our Team

Search open positions that match your skills and interests. We look for passionate, curious, creative, and solution-driven team players. Start your journey with RBC today and be part of a world-class team known for its commitment to client service, community involvement, and innovation.

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Personalize your subscription to receive job alerts, latest news, and insider tips tailored to your preferences. Discover the exciting and rewarding career opportunities awaiting you at RBC. Explore the possibilities with Royal Bank of Canada, where your future is filled with potential and the path to success is paved with countless opportunities for professional and personal growth. Join us and shape not just your career but the future of the financial industry.
Learn more about Royal Bank of Canada
Size
86,007 employees
Market Cap
$130.3 billion
Industry
Finance & Insurance
5 Year Trend
+8.7%
NASDAQ
RY
* Ladders Estimates

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