CIBC
Job title:
Director, Expense Allocations Analytics
Company
CIBC
Job description
We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.To learn more about CIBC, please visitWhat you’ll be doingThe Director, Expense Allocation Analytics will be tasked with providing leadership as part of a comprehensive overhaul of the Functional Group Expense Allocations, including a redesign of the underlying methodologies and processes. This will involve a strategic evaluation and transformation of the current frameworks to ensure they are aligned with the latest industry standards and best practices. The role requires a proactive approach to identifying inefficiencies and implementing innovative solutions that will optimize resource distribution and enhance accountability across the organization. The successful candidate will lead the initiative to develop and deploy new allocation models that are transparent, equitable, and supportive of the company’s strategic objectives. They will collaborate closely with key stakeholders, including senior leaders across Finance and the Functional Group organization to integrate these systems and processes into the broader financial and operational infrastructure, ensuring a seamless transition and sustained improvement in expense management.This role is pivotal in achieving a leaner operational model, ensuring that resources are utilized judiciously and contribute to the financial agility of the organization. The successful candidate will spearhead the development of transparent allocation models that support strategic decision-making and foster a culture of cost-effectiveness and sustainable growth.At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.How you’ll succeedAnalysis – Lead analysis to assess current state and develop recommendations across Finance and Functional Groups for modernized methodologies and processes to allocate infrastructure costs and identify implications to support key decisions. The initial focus will involve a comprehensive overhaul of systems/processes to manage and allocate over $1 billion in technology expenses.Methodology and Process Optimization – Streamline existing methodologies and introduce innovative processes for efficient resource utilization.Financial Agility and Transparency – Develop transparent allocation models and reporting to enhance financial agility and support strategic decision-making.Collaboration with Stakeholders – Work closely with key stakeholders to ensure seamless integration of new systems/processes and sustained improvement in expense management. Contribute to and collaborate with the Finance Modernization workstream working closely with the program team to ensure any developments are compatible with the overall programCost-Effectiveness – Foster a culture of cost-effectiveness and sustainable growth through improved expense allocation practices.Leadership – Provide a leading voice and recommended solutions in design of future requirements for performance management and expense attribution, including ongoing maintenance and regular review of revised planning and reporting cycles; align key stakeholders to ensure future process enhancement. Aid infrastructure and business unit CFOs in efficient resolution of escalations and build increased structure around reporting and reviews. Contribute to projects and other ad hoc initiatives related to Enterprise EfficiencyWho you areYou can demonstrate advanced knowledge of the practices, procedures, and principles in the field of finance including accounting, planning, capital budgeting, investment and reporting principles and practices sufficient to interpret and analyze high-level complex concepts and apply these in unique ways. You have a proven track record of ‘thinking outside the box’ and experience in process redesign to tackle complex challenges. You also have strong analytical and problem-solving skills and ability to organize and manipulate large volumes of data to draw meaningful conclusions. It’s an asset if you have programming and technical skills, particularly proficiency in tools like Alteryx, Microsoft Power Platform/Dataverse and database design.You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.You’re digitally savvy. You seek out innovative solutions and embrace evolving technologies. You can easily adapt to new tools and trends.Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountabilityWhat CIBC OffersAt CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.*Subject to plan and program terms and conditionsWhat you need to knowCIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contactYou need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.We may ask you to complete an attribute-based assessment and other skills tests (such as simulation, coding, French proficiency, MS Office). Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.Job Location Toronto-81 Bay, 26th FloorEmployment Type RegularWeekly Hours 37.5Skills Communication, Cross-Functional Teamwork, Group Problem Solving, Leadership, Oral Communications, Relationship Building
Expected salary
Location
Toronto, ON
Job date
Fri, 16 Aug 2024 03:25:43 GMT
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