• Job Description

  Req#: R-0000061843

  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

  Manager, Valuations

  Job Description

  What is the opportunity?

  The Manager, Valuations will act a control function to perform Independent Price Verification (IPV) and other Valuation Adjustments (VA) for RBC’s fair value inventory. The Manager will design and maintain a robust valuations environment to ensure fair value compliance, as well as ensure fair value estimates are accurate, timely and representative of traded markets.

  What you will do?

  • Assist the Associate Director in the successful completion of IPV and VA calculation processes relating to derivatives financial instruments for a dynamically hedged complex business.
  • Leverage and develop knowledge of financial markets, products, and quantitative background to evaluate results, perform investigations and provide solutions.
  • Explore market data sources for the best measure of fair value on the financial instruments. Contribute to consensus services submissions
  • Ensure that existing VA/IPV processes continue to be aligned and keep pace with the business, and Regulator and Accounting Best Practice
  • Provide detailed reports and analysis and engage in ongoing communication with stakeholders including Front Office, Methodology, Senior Management, and other internal groups.
  • Develop new and enhance existing Valuation policies, including methodology and procedure documentation and sources of external market data, ensure that all VA/IPV processes are complete and follow RBC’s risk policies and procedures
  • Challenge existing IPV methodologies, working practices and improve data quality and processes

  Must-have

  • Undergraduate degree or above in a finance and/or quantitative area
  • 4 years relevant experience with financial products across various asset classes including derivatives
  • Strong programming skills including VBA and database queries tools
  • Understanding of valuation processes and impact
  • Strong written and verbal communication skills
  • Strong teamwork and time management skills, demonstration of drive and initiative

  Nice-to-have

  • Knowledge of Python
  • Knowledge of Bloomberg and other financial analytics software

  Job Summary

  Address:

  TORONTO, Ontario, Canada

  City:

  CAN-ON-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:

  2023-06-12

  Application Deadline:

  2023-06-27

  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 rbc.com/careers.

• About the company

  Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Com...

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