Vice President – Business Management, Productivity & Efficiency

Job title:

Vice President – Business Management, Productivity & Efficiency

Company

Royal Bank of Canada

Job description

Job Summary What is the opportunity?As a key leader part of the RBC Capital Markets you will lead and support our strategic efficiency efforts across businesses and functions. Our mandate is to enhance cost transparency to introduce new ways of identifying efficiencies to enable continuous investment in future growth. We’re seeking a highly skilled and seasoned professional to join our dynamic team. The ideal candidate will be someone who excels at working independently while also possessing the ability to collaborate effectively with the team as needed. This role demands an individual with exceptional critical thinking skills and a strong capacity for independent decision making.This role will cut across the Productivity & Efficiency and Business Management mandates. Please note that this is not a Finance role. This role is equivalent to a Senior Manager or Associate Director level.Job DescriptionWhat will you do?As a core member, part of a center of expertise, you will own and execute engagements end-to-end that bring transparency to Capital Markets’ senior executives, to help them understand the true costs of running their business, develop plans and enable execution of productivity & efficiency initiatives. You will do this independently but sometimes as part of a team.

• Lead deep-dive business reviews (leveraging Zero Based Budgeting frameworks), and provide strategic direction to advise the business on key efficiency-related findings and support & influence the decision making process
• Maintain a strong understanding of industry trends and apply knowledge of Capital Markets and Zero Based Budgeting to enable decision making
• Identify opportunities that are cross functional / “Horizontal” that will contribute to the strategic productivity and efficiency efforts
• Be a trusted advisor to senior leaders and business partners by providing strategic advice and help cultivate P&E mindset and ensure strong linkage into plans, forecast, business strategy documents, PARs, business cases
• Recognize business complexity and help facilitate trade-off decisions to prioritize appropriate actions to achieve productivity and efficiency goals
• Demonstrate techniques to build consensus with differing views in a constructive manner and if applicable, applying appropriate escalation practices
• Provide analysis of work completed and the outcomes effectively to executive audiences, using proper business, financial and functional language
• Lead/manage workstreams and present deliverables within agreed-upon timelines
• Identify risks/issues and provide solutions to minimize their impact on work stream timelines
• Develop deep understanding of ongoing productivity & efficiency initiatives that impact Capital Markets; promote culture of transparency around them, review benefit profiles ensuring initiatives are mobilizing and engage in monthly dashboard socialization/review

What you need to succeed?Must-haves:

• The ability to demonstrate highly advanced proficiency and mastery in Excel and PowerPoint, including data analytics, VBA and Python with a particular emphasis on storyboarding with the ability to create compelling presentations
• The ability to create intuitive and visually stunning Tableau dashboards to allow Senior Leaders insight into their cost base
• Comfort in fast-paced environments with high complexity and ambiguity – dealing often with deadlines in hours rather than days with a meticulous attention to detail
• Post-graduate degree – MBA/EMBA, Masters in finance, economics, accounting or a similar field
• Strategy or consulting experience in a Consulting Management, Financial Services, or Entrepreneurial environment, or other comparative experience
• 3 to 5 years’ experience in large transformational initiatives/programs focused on cost efficiency, productivity and continuous improvement
• A proven track record of managing complex projects, utilizing key program management skills
• Quantitative Analysis Experience (data analysis, financial/data modeling), including Python
• Critical Thinking (proven capabilities to use careful evaluation and judgement), analytical and problem-solving skills
• Strong relationship-building and leadership skills, including the ability to influence and bridge gaps between multiple stakeholder groups
• Growth mindset, resting on a relentless appetite to learn, be challenged and develop new skills
• High degree of organization and multi-tasking ability
• Self-starter with the ability to work independently, prioritize and get things done

Nice-to-haves

• Masters in Finance, CPA, CFA, CMA or CA
• Understanding of and experience with zero based budgeting / cost efficiency and agile methodology
• Experience in Financial Management, Analysis and Planning, with strong Financial acumen and the ability to analyze and work with key business drivers (NIE, NIBT, RoE, etc.)

Job Skills Business Oriented, Communication, Decision Making, Long Term Planning, Organizational Change Management, Program Management, Resource Coordination, Results-Oriented, Team Management, Time ManagementAdditional 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: 2024-05-09Application Deadline: 2024-05-26Inclusion 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, 11 May 2024 23:16:33 GMT

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