Associate Director, Cost Allocation & Analytics and Transformation
Job Description
Description
Job Description
What is the opportunity?
The Associate Director, Cost Allocation & Analytics and Transformation is a key member of the Capital Markets (CM) Performance Management Team with overall responsibility for control and accuracy of the end-to-end support cost allocation process within Capital Markets and management reporting of allocated costs. This role will be responsible for leading monthly and quarterly discussions with senior management on overall support cost allocations and variances; as well as being key in establishing a Non Interest Expense (NIE) control framework and participate in the development of an end-to end controls process for NIE in collaboration with CM Financial Control.
What will you do?
- Oversee the CM monthly allocation processes, including the end-to-end allocation processes for CM internal and external Functions costs for monthly actuals, forecasts, plan and 5-year outlook
- As part of the forecast/planning processes, oversee Time Studies exercises in collaboration with Functional Business Partners, Functions Finance, and Cost Allocation Services (CAS) teams.
- Prepare monthly Cost Allocation Report providing cost trend analysis and commentary at the overall CM and Line of Business level.
- Run the Support Cost Analysis models at a the LOB level and coordinate relevant commentary with functional partners
- Investigate and provide timely and detailed responses/resolutions to cost allocation inquiries from CM Finance Advisors and other enterprise support groups to assist with decision making
- Execute and manage the annual CM Cost Pool rates calculations and prepare reporting for management review and distribution to key stakeholders
- Lead initiatives to formalize a cost allocations control framework and oversee the relevant governance
- Lead quarterly meetings with Support Cost partners to acquire strong knowledge of their services provided to CM businesses, upcoming strategic directions and allocation methodology or framework
- Perform ad hoc analyses for senior management to improve the understanding of business drivers and opportunities to improve performance, revenues or cost reduction through strategic business decisions.
- Be self-motivated and leverage teams across the enterprise when needed.
What do you need to succeed?
Must Have
- Undergraduate degree
- CPA or CFA or Finance MBA highly preferred
- 5+ years’ experience in complex wholesale business activity, namely a thorough understanding of Capital Markets businesses and transactions, and associated risks & returns.
- Experience in management reporting and analysis, stakeholder interactions and relationship management
- Experience in complex wholesale business activity, management reporting and analysis, and/or financial resource optimization (capital, funding, and liquidity).
- Strong team and people management abilities, and ability to play a leadership role across a wide group of peers
- Keen sense of numbers and strong analytical skills with ability to multitask and handle high-pressure executive level requests on a continuous basis
- Excellent leadership and interpersonal skills with a strong ability to influence stakeholders and mobilize groups to deliver on common goals
- Excellent organizational, analytical and problem solving skills
- Able to consistently exercise independent thought and judgment and adapt to new tasks quickly
- Proactive and persistent in issue resolution
Job Skills
Accounting, Business Analytics, Cost-Benefit Analysis (CBA), Decision Making, Financial Forecasting, Financial Planning and Analysis (FP&A), Interpersonal Relationships
Additional Job Details
Address:
ROYAL
Company
RBC
Location
Toronto
Country
Canada
Salary
150.000
URL