Manager, Valuations
Manager, Valuations
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Job Description
Job Summary
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 RBCs 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 will you 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 IPV results and support resolution of IPV differences. Ensure IPV issues outside accepted tolerances are reported and dealt with promptly
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 to RBC regional valuations committees business heads senior managers and Heads of Valuations Market Risk and Finance on VA/IPV results.
Communicate with Front Office and/or related counterparties to explain IPV/VA results and/or month over month movement. Follow the coordination of solutions in partnership with product controllers front office market risk 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 RBCs risk policies and procedures
Challenge existing IPV methodologies working practices and improve data quality and processes
What do you need to succeed
Must-have
Post Graduate degree in a quantitative area
5 years relevant experience with derivatives
Advanced knowledge of VBA
Strong understanding of valuation processes and impact
Good written and verbal communication skills
Nice-to-have
Knowledge of Python and database tools such as SQL
Knowledge of Bloomberg and other financial analytics software
Whats 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 operate collaboratively in an office environment where we are onsite 4 days per week. We care about each other reaching our potential making a difference to our communities and achieving success that is mutual.
Excellent exposureto communicate with various business partners and stakeholders
Opportunity to obtain hands-on experience throughout your role
Working with an exciting close-knit supportive & dynamic group
Opportunity to collaborate with other business segments within RBC
Access to top tier learning resources to help shape your professional career
Excellent career development and progression opportunities
A comprehensive Total Rewards Program including bonuses and flexible benefits
Competitive compensation
Best in Class Employee Recognition Program
RBCs compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting engaging and retaining talent that:
* Drives RBCs high-performance culture
* Enables collective achievement of our strategic goals
* Generates sustainable shareholder returns and above market shareholder value
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Job Skills
Derivatives Fair Valuation Financial Instruments Financial Markets Market Risk Microsoft Access Microsoft Access VBAAdditional Job Details
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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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Required Experience:
Manager
Employment Type
Full-Time
