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Associate Director, Commodities, Product ControlRBC • Toronto, ON, Canada
Associate Director, Commodities, Product Control

Associate Director, Commodities, Product Control

RBC • Toronto, ON, Canada
30+ days ago
Job type
  • Full-time
Job description

What is the Opportunity

The Associate Director, Commodities, Product Control role involves managing and leading a team of analysts responsible for daily financial Profit and Loss (P&L) reporting, P&L decomposition, and ensuring the accuracy of the General Ledger for the Commodities trading desk. The product scope includes derivatives and bespoke products related to energy, environmental, precious metals, base metals, cross-asset, and agricultural products. The Associate Director acts as the main liaison with Front Office, Middle Office, Information Technology, Sales, Operations, Valuations and other operating units on projects and issues related to Commodities trading activity. They must ensure all daily and monthly accounting, reconciliations, and attestations are performed accurately and completely by the team, assess impacts on existing processes, streamline activities when possible, and lead the team on broader initiatives sponsored by the bank.

What will you do?

  • Build and lead a high‑performing team in a demanding technical environment related to complex derivative products
  • Manage and mentor a team of co‑op students, analysts, senior analysts, and managers
  • Execute change management, guiding employees through the process and keeping them focused on business priorities
  • Represent Product Control in meetings, acting as business lead for specific projects related to Front Office, IT, and Finance initiatives
  • Develop and implement a strategic plan for consistent support across all business units through staff cross‑training
  • Ensure all reconciliations and attestation packages are completed in a timely fashion, with issues escalated and resolved effectively
  • Act as backup to the Director of Commodities Product Control
  • Manage information flow of all trading activity in accordance with the standing order to provide relevant information to business partners
  • Attest to all monthly accounting entries to the G/L and conduct reconciliations to ensure figures are properly tied back to the systems of record
  • Review and sign off on daily and monthly procedure manuals and documentation, ensuring it is complete and up-to-date for the area
  • Maintain a solid knowledge base of how various products are handled by all source trading systems and the downstream dependent systems

What do you need to succeed?

Must have

  • 5+ years of Product Control experience in a derivatives environment
  • Strong leadership, analytical, problem‑solving, communication and people‑management skills
  • Project Management experience and a strong Change Management mindset
  • University degree and CA/CMA/CGA/CPA/CFA (or equivalent experience)
  • Accounting knowledge for on‑ and off‑balance‑sheet products (must)
  • Advanced understanding of procedures and operational controls as they relate to trading systems and workflows
  • Proficiency in Excel, Access and Word
  • Ability to work in a demanding environment with tight deadlines, reliably under pressure
  • Ability to work independently with minimal guidance from the director
  • Ability to make decisions and deal effectively with multiple stakeholders

Nice-to-have

  • Experience in a matrix environment, such as a large, publicly‑traded corporation
  • Ability to facilitate between and influence key decision makers
  • 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 and flexible benefits, competitive compensation, commissions, and stock where applicable
  • Leaders who support your development through coaching and managing opportunities
  • Opportunity to make a lasting impact
  • Work in a dynamic, collaborative, progressive, and high‑performing team
  • A world‑class training program in financial services
  • Flexible work/life balance options
  • Opportunities to tackle challenging work

Location

Royal Bank Plaza, 200 Bay St, Toronto, Canada

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Associate Director, Commodities, Product Control • Toronto, ON, Canada

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