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- Tasks: Join our team as a Product Controller, linking Front Office and Finance to resolve P+L discrepancies.
- Company: RBC is a leading financial institution committed to innovation and community impact.
- Benefits: Enjoy flexible working options, competitive pay, bonuses, and a world-class training program.
- Why this job: Be part of a dynamic team where your contributions make a real difference in finance.
- Qualifications: Strong skills in structured interest rates and accounting qualifications are essential.
- Other info: We value diversity and inclusion, ensuring everyone can bring their true selves to work.
The predicted salary is between 43200 - 72000 £ per year.
Job Summary
Job Description
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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To provide an effective link between Front Office (FO) & other stakeholders within the wider Finance team, bringing specialist 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.
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Daily production of p&l and decomp reporting to the front office traders, includes an analytical review of the risk-based decomposition, comparison of trader flash versus actual and other end of day reports.
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To ensure integrity of the banks books and records, including reconciliation to banks ledger systems, attestation of the books and records each month end.
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To ensure the wider Product Control team and stakeholders are immediately aware of revaluation issues that may affect downstream activity.
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Production of analytical reporting to the business and Finance team, in addition to ad-hoc reporting as required by Front Office & senior management.
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Involvement in key change management projects to deliver improvements to our daily processes.
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To ensure PC remains & is seen to be an independent control function.
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To support and provide training to the junior members of the team.
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 / similar.
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Excellent numerical skills with the ability to problem solve in a logical manner.
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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 success that is mutual.
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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.
Agency Notice
RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.
Job Skills
Additional Job Details
Address: 100 BISHOPSGATE:LONDON
City: London
Country: United Kingdom
Work hours/week: 35
Employment Type: Full time
Platform: OFFICE OF THE CFO
Job Type: Regular
Pay Type: Salaried
Posted Date: 2025-02-24
Application Deadline: 2025-03-10
Note : Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
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 our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com .
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Product Controller, London Structured Rates - FICC employer: RBC
Contact Detail:
RBC Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Product Controller, London Structured Rates - FICC
✨Tip Number 1
Familiarize yourself with the specific products mentioned in the job description, such as vanilla options and structured interest rates. This will not only help you understand the role better but also allow you to speak confidently about your knowledge during interviews.
✨Tip Number 2
Develop strong relationships with professionals in the finance sector, especially those working in product control or related fields. Networking can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 3
Stay updated on current trends and changes in the financial markets, particularly in fixed income and currencies. Being knowledgeable about recent developments will demonstrate your commitment and expertise during discussions with potential employers.
✨Tip Number 4
Prepare for the interview by practicing how to explain complex financial concepts clearly and concisely. Since communication with the Front Office is crucial, showcasing your ability to convey information effectively will set you apart from other candidates.
We think you need these skills to ace Product Controller, London Structured Rates - FICC
Some tips for your application 🫡
Understand the Role: Make sure to thoroughly read the job description for the Product Controller position. Highlight key responsibilities and required skills, such as strong vanilla options knowledge and excellent communication skills with Front Office members.
Tailor Your CV: Customize your CV to reflect your experience in structured interest rates and product control. Emphasize relevant qualifications like CIMMA/ACA/ACCA and any analytical reporting experience that aligns with the job requirements.
Craft a Compelling Cover Letter: Write a cover letter that connects your background to the specific needs of the role. Discuss your problem-solving abilities, experience under tight deadlines, and how you can contribute to the team’s success.
Highlight Team Collaboration: In your application, mention any previous experiences where you worked collaboratively in a team environment. This is crucial as the role involves supporting junior team members and working closely with various stakeholders.
How to prepare for a job interview at RBC
✨Showcase Your Product Knowledge
Make sure to highlight your expertise in vanilla options and structured interest rates during the interview. Be prepared to discuss specific examples of how you've applied this knowledge in previous roles, especially in relation to P&L reconciliation.
✨Demonstrate Analytical Skills
Prepare to discuss your experience with analytical reporting and risk-based decomposition. You might be asked to solve a hypothetical problem on the spot, so practice explaining your thought process clearly and logically.
✨Communicate Effectively
Since excellent communication with Front Office members is crucial, practice articulating complex financial concepts in simple terms. Be ready to provide examples of how you've successfully communicated with stakeholders in the past.
✨Emphasize Team Collaboration
Highlight your experience in working within a team, especially in high-pressure situations. Discuss how you prioritize tasks and support junior team members, as this aligns with the role's requirement for training and collaboration.
