Associate Director, US Region Financial Resources Optimization

Job Summary

Provides support for financial planning and budgeting processes. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.

Support the US financial performance management (FPM) team in performing financial performance analysis and strategic analysis for RBC's US businesses (management view) such as US Capital Markets, CNB, Wealth Management and RBC Bank.

Support the FPM processes including management reporting, annual operating plan/5 Year Outlook, strategic projects and develop financial performance analytics by collecting and analyzing data from various systems/platforms and presenting the summary to management.

Support business advisory responsibilities through business engagement, strategic analytics and projects.

Job Description

What is the Opportunity?

Provides support for financial planning and budgeting processes. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.

Support the US financial performance management (FPM) team in performing financial performance analysis and strategic analysis for RBC's US businesses (management view) such as US Capital Markets, CNB, Wealth Management and RBC Bank.

Support the FPM processes including management reporting, annual operating plan/5 Year Outlook, strategic projects and develop financial performance analytics by collecting and analyzing data from various systems/platforms and presenting the summary to management.

Support business advisory responsibilities through business engagement, strategic analytics and projects.

What will you do?

• Support financial performance analysis (IFRS) for US Platforms (all RBC businesses in US) on a monthly basis for US senior management and management committees, including actuals, plan, forecast, by coordinating with various businesses (Capital Markets, CNB, Wealth Management, RBC Bank, etc.) and functions.
  • Develop month end management reporting for US Region Management view including updated forecast for rest of the year, analyzing results and assisting with variance analysis.
  • Develop financial performance analytics for quarterly RIHC Board meetings and partner with various platform finance teams for commentary.
  • Support the production of the annual business plan/ 5 year outlook/ quarterly forecasts and presenting the regional view US CFO /senior management.
  • Provide support to Senior Managers on requests that may range from adhoc projects, management reporting, to data mining.
  • Aide in translating business strategy into the financial Impact, and expected results, which include identifying financial risks and opportunities.
  • Support senior business leaders with financial insights including reviewing financial results, peer comparable, what-If analysis with respect to new initiatives and/or new businesses, and financial Impacts of regional business strategies.
• Support implementation of US Region strategic projects
• Support business advisory services through US business engagement, management reporting and strategic projects.
  • Partner with the CIB business and CNB, WM and RBC Bank finance teams as a trusted advisor to support growth and strategic initiatives and develop insightful analytics that benefits the businesses and helps senior management to facilitate decision making.
• Support financial performance analysis (US GAAP) and strategic projects for US Legal entities (including RIHC, CUSO, and CMLLC) and integration of RBC's management reporting framework/system into RBC's Combined US Operations (CUSO) and the Intermediate Holding Company (IHC).
• Support legal entity forecasting process (both US GAAP and IFRS) to provide critical inputs to US and Head Office Tax teams for tax planning. Partner with Financial Control teams for IHC and CM LLC goodwill impairment analysis by providing critical inputs such as legal entity earnings forecasts.
• Maintain and enhance US Finance reporting capabilities through automation, EPM enhancements, and development of new analytics.

What do you need to succeed?

Basic Qualifications

• Bachelor's degree in business (Finance, Accounting, Economics, Marketing), Data Science, Statistics, or other similar majors preferred.
• 5+ years relevant experience, preferably in executive management reporting.
• The ability to think strategically, execute tactically, be solution-focused, and solve problems.
• Self-driven, results oriented and passion for solving problems.
• Detailed oriented, driving data analytics to improve current state of business operations.
• Excellent communication skills - both verbal and written, including presentation skills

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, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Opportunities to building close relationships with clients

The good-faith expected salary range for the above position is $110,000 - $180,000 depending on factors including but not limited to the candidate's experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high performance culture

• Enables collective achievement of our strategic goals

• Generates sustainable shareholder returns and above market shareholder value

Job Skills

Accounting, Decision Making, Financial Analysis and Reporting, Financial Planning and Analysis (FP&A), Results-Oriented

Additional Job Details

Address:

BROOKFIELD PLACE FKA 3 WORLD FINANCIAL CENTER, 200 VESEY STREET:NEW YORK

City:

New York

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

Office of the CFO

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-05-23

Application Deadline:

Inclusion and Equal Opportunity Employment

At 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.

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