Manager, TI Finance Advisory

Job title:

Manager, TI Finance Advisory

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?The Manager, TI Finance Advisory will be responsible for supporting the CFO of the Tech Platforms & Risk Mgmt. (TPRM), Data Center and Ops Resiliency (DCOR), RBC Caribbean (RBCC), and Business Aligned Services (BAS) towers, the incumbent will proactively manage the finance advisory and support activities in driving value to the organization. Become an integral part of the towers and assist them in managing their financial goals, meeting plan and efficiency management targets, and implementing business strategies and initiatives. Be results oriented and ensure the execution of the day to day activities.What you will do?

• Responsible for the support in execution of end-to-end financial support of the Tech Platforms & Risk Mgmt. (TPRM), Data Center and Ops Resiliency (DCOR), RBC Caribbean (RBCC), and Business Aligned Services (BAS) Towers through: financial planning, budgeting and forecasting, monthly monitoring, reporting and variance analysis, identify opportunities and validation of cost/efficiency management initiatives, new business case analysis (PARs), the tracking of approved business case spend (project tracking) and spend with large vendors (contracts / SOWs).
• Deepen relationship with TI/Business Managers through regular interaction to ensure their ownership and accountability of their budget and to assist them in optimizing the costs under their purview.
• Provide monthly analysis of progress against Plan/Forecast including tracking project costs and cost management initiatives. Collaborate with the Performance Management (PM) teams in ensuring all deliverables are met and TI commentary is insightful and articulated clearly.
• Responsible for identifying and understanding the cost drivers of the towers including but not limited to the volume growth comparison to cost growth and establishing metrics surrounding drivers to track business performance.
• Responsible for encouraging and embedding a culture of financial discipline in the infrastructure teams supported by this position through proactive communication, education and utilization of various financial processes and tools.
• Responsible for ensuring overall framework of compliance with large vendor contract PARs, building understanding of key financial contract terms, and reporting on related expenses and credits.
• Ensure that the monthly e-Budget and FTE Reconciliations are completed in a timely manner.
• Work independently to identify governance, efficiency management, financial process issues; and proactively work to address them by engaging cross-functional expertise as required.
• Proactively look for the ways for automation, standardization and removing any redundancies in financial processes within Finance and TI.
• Other duties as assigned – in a constantly evolving role which requires constant pivoting and realignments

What you need to succeed?Must Have

• 3+ years’ experience in relevant finance/accounting capacity
• Advanced Excel and PowerPoint capabilities
• Excellent analytical, critical thinking and problem solving capabilities
• Strong advisory and communication capabilities
• Good business acumen, and presentation skills
• Process improvement mindset
• Excellent collaboration capability

Nice to Have

• Finance Designation – MBA, CA, CMA or CGA
• Knowledge / Background in the Technology environment
• Excellent knowledge of RBC’s Financial Systems and processes

Job Skills Accountability, Budgeting, Business Case Analyses, Business Drivers, Commentaries, Cost Drivers, Cost Management, Cross-Functional Work, Decision Making, Efficiency Management, Finance, Financial Planning and Analysis (FP&A), Financial Processes, Identifying Opportunities, Personal Initiative, Process Improvements, Reconciliations, Results-Oriented, Variance AnalysisAdditional Job DetailsAddress: 330 FRONT ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: Office of the CFOJob Type: RegularPay Type: SalariedPosted Date: 2024-07-05Application Deadline: 2024-08-31Inclusion 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, 06 Jul 2024 22:33:04 GMT

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