Managing Director, Productivity, Efficiency & Supplier Optimization

Job title:

Managing Director, Productivity, Efficiency & Supplier Optimization

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?You will support the continued growth of RBC Capital Markets (RBC CM) globally. This senior leadership role is responsible for leading the CM wide Productivity & Efficiency program including standing up the new CM Supplier Optimization function.What will you do?Productivity & Efficiency Leadership

• Set the strategic direction and measuring progress against annual and longer term productivity & efficiency objectives for Capital Markets as set by the CM CEO, CM COO, CM CFO and the wider Capital Markets Operating Committee
• Maintain a strong understanding of industry trends and apply extensive Capital Markets knowledge to ensure best in class solutions that transform business results
• Build and sustain the CM wide productivity & efficiency benefits inventory which should, at all times, be the ‘single source of truth’ as it relates to the portfolio of initiatives executed on, in flight or planned that support our productivity & efficiency objectives
• Provide advice, guidance and challenge to senior leaders across CM on cost reduction strategies & transformation and productivity & efficiency in general
• Enhance cost transparency by introducing new ways of identifying efficiencies and new ways of working to create value for RBC CM clients, shareholders, and employees
• Develop metrics and reporting to measure progress against productivity and efficiency targets
• Unlock efficiency opportunities derived through cross business/functional ‘Horizontal’ opportunities both across Capital Markets and enterprise wide

Supplier Optimization Leadership

• Build, maintain, and communicate cost category strategies that includes category insights & trends, productivity & efficiency targets, pipeline of cost reduction opportunities, details on primary relationships and upcoming negotiations and benchmarking (if appropriate) for all major cost categories for Capital Markets (Trade Execution, Market Data, IT / Software, Data Services, Contractor – staff aug, Consulting)
• Coordinate and provide resourcing support and transparency for senior supplier managers (top ~100 vendors) across Capital Markets in relation to supplier negotiation efforts, 360 views of our relationship and cost optimization opportunities
• Market Data costs: lead enterprise wide Market Data Services team that oversees all contract negotiations, service demand management, supplier management efforts, cost optimization efforts pertaining to Market Data costs for the bank
• Trade Execution costs: lead team , support / guide / resource as may be required Global Markets cost optimization efforts

People Leadership & Collaboration

• Selects, builds, and leads a high performing team, leveraging individual capabilities and strengths
• Provides coaching, mentoring and professional development that further embeds the right culture, values, and leadership behaviours
• Works with team members to establish goals, drive performance management, support career development and reward strong performance.
• Actively works to identify future leaders, ensuring high employee engagement, diversity and inclusion.
• Takes a strategic view of resourcing and reskilling to accommodate changes in the evolving business and technology landscape.
• Maintains effective relationships and routines with business leaders and program/initiative teams
• Actively participates in cross functional committees such as the Productivity & Efficiency Council, Administrative & Initiatives Committee, various project steering committees, various business management forums

What you need to succeed?

• University degree in a related field
• An experienced executive within the Capital Markets or Financial Services industry with a background in cost transformation and/or finance
• Experience shaping and evolving a new role and operating in a highly complex and fast-paced environment
• Experience assessing and evolving business transformation and presenting a plan that will guide to the right outcomes
• Professional agility and adaptability necessary to lead this evolving function successfully
• Demonstrated experience in the coordination of large cross-functional programs/projects
• Demonstrated experience in defining and establishing new business processes and forming strong relationships across front and back office businesses and functions.
• Possesses a blend of capital markets business acumen and functional expertise, blended with the requisite people and relationship skills needed to navigate technical and territorial obstacles.
• The ability and interest to work in a team-based and collegial environment where consensus-building is a significant key to overall success.
• Strategic mindset with clarity of purpose to articulate a vision and bring the solution to life
• Integrator with wide perspective and creative thinking and ability to distill issues down to present viable solutions
• Strong people leadership skills to manage, motivate and inspire a multi-disciplinary workforce
• Highly collaborative relationship builder who can impact and influence senior stakeholders outside of span of authority
• Strong change management capability to support the evolving nature of business requirements
• Capital Markets knowledge / experience
• Program management with ability to monitor and track progress across multiple programs

What’s 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 care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

Job Skills Business Appraisals, Business Process Design, Business Process Improvements, Business Process Modeling, Configuration Management (CM), Crisis Management, Effectiveness Measurement, Implementation, Requirements Analysis, Workflow AnalysisAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: CAPITAL MARKETSJob Type: RegularPay Type: SalariedPosted Date: 2024-12-05Application Deadline: 2024-12-23Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Toronto, ON

Job date

Sat, 07 Dec 2024 07:57:05 GMT

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