Job DescriptionWhat is the Opportunity?Product Control team member covering the business function for the Investment Grade Europe desk, within Global Spread Products.
All responsibilities carried out in accordance with Code of Conduct, RBC Values and Guiding Principles ensuring adherence to Privacy principles.
** Please note: while this role is based in Toronto, it involves covering a UK-based desk, hence there would be a 6:30am start time **
What will you do?- Provide an effective link between Front Office (FO), & Financial Control, bringing sound product knowledge into the arena, so that any disagreements in daily P+L are resolved on a timely basis & ultimate P+L agreement with FO is achieved, evidenced & logged.
- Production of daily desk P&L including commentaries
- Justification of P&L via daily risk-based decomposition, utilizing the Greeks and new trade analysis
- Reconciliation of P&L to traders estimates
- To ensure integrity of the banks books & records via reconciliation and attestation
- Sound understanding of product flows, trade bookings accounting treatments, providing support in detailed investigations on FOBO reconciliation activities
- Reporting of consolidated results to senior management including appropriate valuation adjustments
- Production of ad-hoc reporting and analysis required by Front Office and senior management including deep dive on P&L, Balance Sheet analysis, and other financial analysis
- To ensure the Product Control team and stakeholders are immediately aware of revaluation issues that may affect downstream activity.
- To ensure PC remains and is seen to be an independent control function.
- Facilitate adherence to and substantiation of the Regulatory and Audit requirements within Capital Markets
- To maximize the efficiency gains from technology and business process changes
Product ScopeThe product scope includes but is not limited to:- Fixed Income Instruments: Corporate and Government bonds
- Credit Default Swaps, Credit baskets CDX/Itraxx
- Credit Markets Origination and Revenue Allocation
- FX Spot, Forwards & Options
- Reverse Repos / Repos & Collateral Funding
- Interest Rate and FX-Linked Products
What do you need to succeed?Must have- 4 or more years experience in Product Control, Trading desk, Valuations, Pricing, or adjacent
- Undergraduate degree in a relevant field (Finance, Business Administration, Accounting, etc)
- Proactive and energetic individual capable of developing the business platform forward.
- Strong ability to convert theory into practice and thrive in a complex area.
- Competent accountancy skills; preferably part or fully qualified CPA
- Excellent numerical skills with the ability to problem solve in a logical manner.
- Excellent communication skills especially with Front Office members
- Capable of working within tight deadlines & under severe time pressure.
- Good knowledge of MS Excel.
Nice-to-have- Canadian Securities Course
- CFA Candidates or Charter holders
- Strong ability to work independently
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
Job SkillsAccounting, Business Analytics, Financial Accounting Systems, General Ledger Administration, Group Problem Solving
Additional Job DetailsAddress: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:2026-06-19
Application Deadline:2026-07-17
Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
