Interest Rate Product Controller, 6 Month Fixed Term Contract

Job Description

Come Work with Us!
At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.
Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

Job Title

Interest Rate Product Controller, 6 Month Fixed Term Contract

Job Description

What is the Opportunity?

You will assume primary responsibility for developing and supporting the derivative revaluation infrastructure. All responsibilities carried out in accordance with Code of Conduct, RBC Values and Guiding Principles ensuring adherence to Privacy principles.

What will you do?

• Provide an effective link between Product Control, Front Office, Global Market Risk and IT Functions
• Ensure front-to-back accuracy & consistency of captured market parameters with the banks revaluation systems.
• Bring specialist product and IT knowledge, with the aim of delivering a correct, consistent & timely revaluation infrastructure that is fit for purpose in all functional areas
• Work to improve valuation consistency across broader suite of RBC revaluation engines
• Ensure that the Product Control team and other stakeholders are immediately aware of revaluation issues that may affect downstream activity
• Being proactive in identifying process and control deficiencies
• Willing to challenge the status quo and able to contribute to re-engineering projects
• Assisting with streamlining existing processes
• To ensure PC remains and is seen as an independent control function
• To work with the Product Control (SPBS) team supporting the Equity Derivatives and Structured Rates production activities
• To work with Product Control team supporting IPV and VA calculation for Linear and non Linear Rates The product scope includes but is not limited to:
  • Single & Cross Currency Interest Rate Swaps
  • Bonds/Repos
  • Exchange Traded Future and Future Options
  • FX Spot, Forward & NDF

What do you need to succeed?

Must have:

• Experience of working in a Product Control / Valuations / Middle Office / Market Risk environment
• Strong IR market, product, curve build and revaluation methodology knowledge base
• Excellent communication skills especially with Front Office
• Excellent numerical skills with the ability to solve problems in a logical manner
• Accuracy and meticulousness
• Strong teamwork skills

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.

• A comprehensive Total Rewards Program including bonuses, flexible benefits and competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Opportunities to work with the best in the field
• 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 working options fully supported.

Job Summary

Address:

London, United Kingdom of Great Britain and Northern Ireland

City:

GBR-GREATER_LONDON-LONDON

Country:

United Kingdom

Work hours/week:

35

Employment Type:

Full time

Platform:

Office of the CFO

Job Type:

Contract (Fixed Term)

Pay Type:

Salaried

Posted Date:

2022-08-01-07:00

Application Deadline:

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.
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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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