What is the opportunity?
Product Controllers are the front‑line finance function for Capital Market businesses. This role leads the team responsible for daily financial Profit and Loss (P&L;) reporting, P&L; decomposition, and the accuracy of the General Ledger for the Flow Rates Europe trading desk.
Key Responsibilities
- Oversee daily team reporting and production of desk P&L; with risk‑based decomposition, including commentaries.
- Manage and mentor a team of co‑op students, analysts, senior analysts, and managers.
- Act as an effective link between Front Office (FO) and Financial Control, resolving daily P&L; disagreements and achieving agreement with FO, evidenced and logged.
- Ensure integrity of the bank’s books and records through reconciliation and attestation.
- Assist with higher‑level month‑end reporting tasks: creation and review of adjustments, ledger reconciliations, attestation, and audit trail production.
- Provide leadership and input into designing, testing, and delivering major infrastructural changes, including involvement in key change‑management projects.
- Ensure adequate documentation exists and is up‑to‑date to support processes, enabling effective training and coverage.
- Report consolidated results and escale to senior stakeholders.
- Assess areas of procedural and control weakness, implementing solutions via redesign, process improvement, and technology advancements.
- Ensure adherence to and substantiation of Regulatory and Audit requirements within Capital Markets while maintaining full compliance with Standing Orders.
- Please note: while this role is based in Toronto, it covers a UK‑based desk and requires a 7 am start time.
Product Scope
- Government and SSA Bonds
- Single & Cross Currency OTC Interest Rate Derivatives
- Inflation‑Linked Products
- ETD Futures
- FX Spot and Forwards
- Reverse Repos / Repos
Must Have
- 4+ years relevant Product Control or finance experience within a banking/trading environment
- Degree in accounting, finance, business, or equivalent
- Strong leadership, analytical, problem‑solving, communication, and people‑management skills
- Project Management experience and a strong change‑management mindset
- Accounting knowledge for on‑ and off‑balance sheet products
- Proficient in Excel, Access, and Word
- Ability to work in a demanding environment with tight deadlines
- Ability to solve and fix problems within a short time frame
- Advance understanding of procedures and operational controls related to trading systems and workflows
Nice‑to‑have
- CPA, CFA, MBA or equivalent experience
- Familiarity with trade booking systems such as Murex
- Interest Rate Derivatives and Securities product knowledge
- Strong knowledge of “Greeks”‑based decomposition
- Strategic thinker with excellent interpersonal skills to work across functions and businesses
What’s in it for you?
- A comprehensive Total Rewards Program including bonuses, flexible benefits, competitive compensation, commissions, and stock where applicable
- Leadership support through coaching and development opportunities
- Ability to make a lasting impact and difference
- Work in a dynamic, team-oriented, progressive, and high‑performing team
- A world‑class training program in financial services
- Opportunities to tackle challenging work
Job Skills
Accounting, Business Analytics, Employee Success, Financial Accounting Systems, General Ledger Administration, Group Problem Solving, Team Management
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: 2026-07-03
- Application Deadline: 2026-07-24
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📌 Associate Director, Product Control Flow Rates Europe (Toronto)
🏢 RBC
📍 Toronto