Manager, Finance - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Toronto, Canada

1 week ago

Posted by:

Sophia Lee

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Description

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, Finance - IS Performance Management

The Manager, Finance role of Investor Services ('IS') Performance Management forms a key part of the IS Finance team and will be responsible for the execution of performance management deliverables, as well as business partnering responsibilities.

The position will be responsible for providing business finance advisory support for the Investor Services businesses.

This includes driving key analytics and reporting, providing input, and tracking the Business Plan and Forecast while acting as a best-in-class PM team member.

You will be expected to demonstrate strong collaboration with partners across Investor Services, IT, PMO, and Functions, whilst supporting an owner-operator mindset, focus on return on investment, cost transparency, partner enablement, and data-driven decision-making culture.

The role will be to support month-end analysis and benchmarking activities as a liaison to cross-functional stakeholders ensuring key expense analysis and variance explanations are provided to business and finance partners.

PRIMARY RESPONSIBILITIES

Leveraging business knowledge, and experience to be a valued, strategic partner/advisor as a member of the CFO Group.
Responsible for the provision of financial advisory support to Investor Services business stakeholders to enable timely business decisions, strategic planning, forecasting, and analytics.
Accountable for the delivery of monthly and quarterly performance management reporting, including key metrics, insightful commentary, while constructively challenging assumptions and escalation of issues/key trends.
Ensure Product Profitability reporting processes are supported and provide a meaningful view of; allocated NIE and Revenues, as well as profitability metrics, and NIE variances.
Responsible for delivery of monthly management reporting and commentary, and formal budget updates annual detailed plan/budget, and the 5year outlook in line with enterprise timelines.
Leverage best practices to simplify and streamline processes and deliverables.
Ensure that key business strategies and initiatives are well understood, supported, and embedded into financial reports, including tracking of benefits versus business case targets.
Enhance financial advice to business partners, shifting the balance from Steward / Operator to Strategist / Catalyst with a focus on cost transparency, enhanced analytics, and decision support.
Acts as an "agent for change" and a "challenger of the status quo" in line with wider Finance transformation initiatives.

MUST HAVE

Accounting designation or equivalent degree with post qualification experience of at least 3 years
Experience within Business facing Finance roles
Experience within Financial Services
Strong interpersonal and communication skills with the ability to foster and cultivate financial opportunities and partnerships
Stakeholder management skills.
An awareness of the Regulatory Environment, and the difference in requirements between management and legal entity reporting

COMPETENCIES
Behavioral

Strong collaborator and relationship builder
Strong change management skills
Strong business acumen and financial insight
Positive mindset with the ability to formulate solutions
Ability to make decisions and use initiative
Ability to constructively challenge and provide insight into financial results to enable business to make informed decisions

Technical

Financial expertise including pricing and investment appraisal techniques
Critical thinking and problem solving techniques
High standard of written and verbal communication
Forecasting techniques and ability to draw on insights from data analytics

KEY RELATIONSHIPS

IS Finance Senior Management Team
IS Finance team and the wider WM Finance Team
IS Business Heads
Head Office and Regional Finance Teams
IT and Functional Partners
IS Data Management Office

AUTHORITIES, IMPACT, RISK

This position supports the key functions listed under primary responsibilities.
Delegated responsibilities from Finance Leadership to represent Finance at Project forums and Committees as deemed appropriate

WORKING CONDITIONS

Tight deadlines and the ability to actively manage workload is a prerequisite of the role, expectation of some work outside of office hours to ensure deadlines are met.
Ability to work under sustained pressure and meet deadlines.
Ability to use initiative and