Job Description

Primary Responsibilities

• Proactively provides expert analysis and advice to SVP Insights & Client Engagement (I&CE) through reporting and insights for I&CE NIE including providing key information, and ongoing advice to enable management decision making and establish action plans to maximize financial performance. 

• Acts as lead for I&CE NIE/FTE as part of the Five Year Outlook, where incumbent will partner with I&CE management teams to determine both NIE & FTE outlook, ensuring that rationale for any increases are clearly articulated & available to LOB Finance partners to support increases in annual expenses.   

• Prepares and consolidates the annual Plan, Forecasts, and monthly estimates

• Support business initiatives, i.e. Zero Based Budgeting, Activity Based Costing, Wall of Numbers, Mega Journeys (Next Best Action/Next Best Offer), Climate, etc.

• In addition to supporting the SVP, I&CE, act as the key Finance contact to provide ongoing support and performance analysis re: NIE/FTE to I&CE leaders

• Works with Director of I&CE Finance to make recommendations re: distribution of platform NIE challenges to I&CE and develops strategies to achieve NIE challenge.

• Responsible for development of NIE allocation %s at the I&CE cost transit level leveraging Wall of Numbers (WoN) to enable full P&L reporting for CB LoBs.

• Provides specialized expert advice and solutions contributing to the ongoing transparency of NIE aligned to line of business allocated NIE reporting.

• Acts as key liaison and point of integration for National Office functional groups for all strategic performance related targets and initiatives impacting I&CE financial and performance management results.

• Key support to the Director, I&CE Finance, proactively adding value added expertise and advice on initiatives and their impact on financial performance.

• Responsible to ensure financial forecasts and results incorporate pertinent info and adhere to data integrity and financial compliance requirements.

• Identify, recommend and implement efficient standard processes for the timely reporting of financial information.

Must Have

• Excellent communication skills, both oral & written, with good interpersonal skills in order to establish relationships across all levels of the enterprise.

• Experience in financial reporting & analysis and cost management.

• Experience using metrics, KPIs and cost/value drivers in performance management

• Strong technical skills including MS Office Suite (Excel, PowerPoint, etc.)

• Experience with unique financial systems such as EPM (IBM Cognos). 

• Solid business acumen and problem-solving skills.

• Ability to work well under pressure and in a team setting

• Curious and proactive mindset with a focus on continuous improvement

• Comfortable dealing with incomplete information, uncertainty and change

Nice to Have

• Exposure to the Bank’s Retail/Business network, products and services.

• B. Comm, CPA-CA/CMA/CGA, MBA or equivalent work experience

• A varied working career including positions in a number of areas of RBC or another financial institution

• Knowledge and understanding of banking products and processes

Authorities, Impact, Risk

• Develops and oversees forecasts of FTE/NIE, which play a key part in the establishment of growth targets and resource deployment decisions.  Leverages use of finance models to develop key planning line forecasts.

• Active supporter of SVP, I&CE, working with LOB and Functional heads to collaboratively grow business results.

• Plays a lead role in ensuring any restatement requirements within I&CE are appropriately managed and approved within EPM guidelines. 

• Ensures financial results have a high level of data integrity to protect shareholder interests and corporate reputation and image.

• Manages any EUC requirements re: planning/forecasting models

• Ensures financial hierarchy and related systems are accurately maintained.

• Adherence to established financial governance and compliance policies. The position ensures the integrity, accuracy and completeness of financial information

• Insights & Client Engagement comprises approximately $400MM in NIE and over 450 FTE.

Key Relationships

• P&CB Platform Performance Management & NIE teams

• P&CB Financial Controls and LOB Finance Advisory teams

• SVP, Insights & Client Engagement

• Insights & Client Engagement SMT

• T&O and Functions Finance teams

• Other RBC Platform Finance teams

Working Conditions

• Barrier Free Office Environment with standard working hours.

• Office type work requiring little physical effort

• Extensive computer work

• Occasional to frequent overtime

• Deliver accurate results under high pressure and tight timelines

• Minimum 3 days per week on premises