Job Summary

Job Description

What is the opportunity?

An exciting opportunity to work within the London Product Control team to provide financial reporting and support for the Front Office desk (RMG) responsible to price and risk manage secondary derivative risks (XVA & MCAD) and associated funding on behalf of trading desks.

RBC’s expectation is that from mid-September 2025, all employees and contractors will work in the office with some flexibility to work up to 1 day per week remotely, depending on working arrangements.

What will you do?

Production of daily desk P&L & monthly reporting including commentaries.

Justification of P&L via daily risk-based decomposition, utilising the Greeks and new trade analysis.

Reconciliation of P&L to trader’s estimates.

Provide an effective link between Front Office (FO), & Financial Control, 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.

Ensure integrity of the bank’s books & records via reconciliation and attestation.

Production of reporting as required by Front Office and other stakeholders including the Valuation Committee.

Involvement in key change management projects to deliver improvements to our daily processes.

What do you need to succeed?

Must-have

Knowledge of interest rate derivative product and revaluation skills.

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 fully qualified ACA/ACCA or equivalent / similar.

Excellent numerical skills with the ability to problem solve in a logical manner.

Great communication skills and stakeholder management.

Strong knowledge of MS Excel and VBA.

Nice-to-have

Knowledge of derivative valuation adjustments particularly on CSA/MCAD discounting, CVA and FVA.

Awareness of \"Greeks\" based decomposition.

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.

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

Adaptability, Critical Thinking, Customer Service, Detail-Oriented, Financial Engineering, Financial Statement Analysis, Investments Analysis, Personal Development, Personal Initiative, Teamwork

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:

2025-07-18

Application Deadline:

2025-08-01

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 believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.

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