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- Tasks: Join our team as a Product Controller, linking Front Office and Finance for effective P&L management.
- Company: RBC is committed to innovation, diversity, and helping clients thrive in a collaborative environment.
- Benefits: Enjoy flexible working options, competitive compensation, bonuses, and a world-class training program.
- Why this job: Be part of a dynamic team where your contributions make a real impact on the business and community.
- Qualifications: Strong skills in structured rates, accountancy qualifications, and excellent communication are essential.
- Other info: We value diversity and provide an inclusive workplace for all employees.
The predicted salary is between 43200 - 72000 £ per year.
What is the opportunity?
You will be a Product Controller in the London Fixed Income, Currencies and Commodities (FICC) Structured Rates Product Control team.
What will you do?
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Provide an effective link between Front Office (FO) & other stakeholders within the wider Finance team, bringing specialist product knowledge to resolve any disagreements in daily P&L on a timely basis and achieve ultimate P&L agreement with FO.
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Daily production of P&L and decomposition reporting to the front office traders, including an analytical review of the risk-based decomposition, comparison of trader flash versus actual, and other end-of-day reports.
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Ensure integrity of the bank’s books and records, including reconciliation to bank ledger systems, and attestation of the books and records each month-end.
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Notify the wider Product Control team and stakeholders of revaluation issues that may affect downstream activity.
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Produce analytical reporting for the business and Finance team, in addition to ad-hoc reporting as required by Front Office & senior management.
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Involve in key change management projects to deliver improvements to daily processes.
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Ensure Product Control remains independent and is perceived as a control function.
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Support and provide training to junior team members.
What do you need to succeed?
Must-have
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Strong vanilla options, structured interest rates, and note issuance product and revaluation skills.
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Competent accountancy skills; preferably fully qualified CIMMA/ACA/ACCA or equivalent.
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Excellent numerical skills with the ability to problem solve logically.
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Excellent communication skills, especially with Front Office members.
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Capable of working to tight deadlines & under severe time pressure.
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Effective in allocating priorities.
Nice-to-have
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University Degree or similar / equivalent.
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Accounting Qualification, ACA, ACCA, CIMA or similar / equivalent.
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 mutual success.
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A comprehensive Total Rewards Program including bonuses, flexible benefits, and competitive compensation.
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Leaders who support your development through coaching and managing opportunities.
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Opportunities to work with the best in the field.
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Ability to make a difference and lasting impact.
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Work in a dynamic, collaborative, progressive, and high-performing team.
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A world-class training program in financial services.
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Flexible working options fully supported.
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients, and communities.
We also strive to provide an accessible candidate experience for prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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Product Controller, London Structured Rates - FICC employer: Royal Bank of Canada
Contact Detail:
Royal Bank of Canada Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Controller, London Structured Rates - FICC
✨Tip Number 1
Make sure to brush up on your knowledge of vanilla options and structured interest rates. Being able to demonstrate your expertise in these areas during the interview will show that you are well-prepared for the role.
✨Tip Number 2
Practice your communication skills, especially in a financial context. Since you'll be liaising with Front Office members, being able to convey complex information clearly and effectively is crucial.
✨Tip Number 3
Familiarize yourself with common reconciliation processes and reporting standards in finance. This knowledge will help you discuss how you can ensure the integrity of the bank's books and records.
✨Tip Number 4
Be ready to discuss your experience with change management projects. Highlighting your involvement in process improvements will demonstrate your proactive approach and ability to adapt in a dynamic environment.
We think you need these skills to ace Product Controller, London Structured Rates - FICC
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities of a Product Controller in the FICC Structured Rates team. Highlight your relevant experience and skills that align with the job description.
Tailor Your CV: Customize your CV to emphasize your strong vanilla options, structured interest rates, and revaluation skills. Include specific examples of how you've successfully managed P&L reporting and reconciliations in previous roles.
Craft a Compelling Cover Letter: Write a cover letter that showcases your communication skills and ability to work under pressure. Mention your qualifications (CIMMA/ACA/ACCA) and how they relate to the role, as well as your commitment to supporting junior team members.
Highlight Your Problem-Solving Skills: In your application, provide examples of how you've effectively solved problems in a financial context. This could include analytical reporting or managing tight deadlines, which are crucial for this position.
How to prepare for a job interview at Royal Bank of Canada
✨Showcase Your Product Knowledge
Make sure to demonstrate your strong understanding of vanilla options, structured interest rates, and note issuance products during the interview. Be prepared to discuss specific examples from your past experience that highlight your expertise in these areas.
✨Communicate Effectively
Since excellent communication with Front Office members is crucial, practice articulating complex financial concepts clearly and concisely. Use examples to illustrate how you've successfully communicated with stakeholders in previous roles.
✨Demonstrate Problem-Solving Skills
Prepare to showcase your analytical skills by discussing how you've approached problem-solving in high-pressure situations. Think of specific instances where you resolved discrepancies or improved processes, as this will resonate well with the interviewers.
✨Highlight Your Team Support Experience
As the role involves supporting and training junior team members, be ready to share your experiences in mentoring or leading teams. Discuss how you’ve contributed to a collaborative environment and helped others grow in their roles.
