Director, Functions Performance Management
About the role
Job Description
What is the opportunity?
The Director, Functions Performance Management leads the Global Functions Platform Performance Management team, which is responsible for managing the forecasting, planning, reporting, and allocation activities for Global Functions Finance, and for supporting the analysis of operating results.
Act as a key leader in the team with respect to the effective execution of Global Functions Finance PM requirements, including system enhancements, calendar, team processes, and other opportunities to increase the capacity and effectiveness of the team. This role provides leadership in the provision and enhancement of cost transparency to the firm, notably through the provision of clear and useful information to the platforms through allocations
The Director is a key business partner providing financial information to finance executives to support understanding and decision making. This includes leading the provision of accurate monthly financial information as well as in ensuring the allocation methodologies are appropriate and updated on a regular basis.
What you will do?
- Develop and deliver analysis and actionable information for Financial Advisors across Global Functions in support of reporting, forecasting, and cost transparency.
- Lead and manage the end-to-end Global Functions consolidated management reporting process from historical results (Reported) to forward looking targets (Forecast and Plan). Scope includes both direct and allocation views.
- Proactively drive forecasting, annual planning, 5 year outlook, enterprise stress testing, T-5 estimates and other forecasting and planning.
- Act as key lead for the platform in the preparation of transparent analytical reporting on major initiatives and business drivers to senior management and executives across RBC.
- Manage month-end and quarter-end close processes including review, control and governance, and providing insightful and actionable analysis to support senior management and executives.
- Enable transparency of cost allocations by supporting Financial Advisor in developing appropriate allocation methodologies, perform impact analysis of allocation rate changes, and enhance the allocation processes.
- Develop and coordinate global processes with a focus on creating efficiencies within the Global Functions Finance team.
- Lead initiatives and projects to build and enhance Global Functions’ capabilities. Key lead for Global Functions Finance in Forecast & Plan Re-engineering projects.
- Support Financial Advisors in driving client value by maintaining focus on functional performance drivers, service quality and cost effectiveness.
- Take responsibility for ad hoc requests that may not be well defined or established by nature, are required on a short notice, and involve coordination with multiple functional areas covering a variety of topics and issues.
- Responsible for Global Functions Financial System Administrator (FSA) activities.
What will you need to succeed?
Must Have
- CA, CMA, CGA, MBA or equivalent with 10+ years work experience gained through a varied working career including positions in numerous facets of RBC or another financial institution
- Solid understanding of accounting principles, financial reporting, and finance systems (EPM Cognos/TM1)
- Strong focus on controls
- Excellent financial/analytical, communication (oral & written) and interpersonal skills in order to establish strong relationships at all levels across the enterprise, with a particular focus on senior executive communication / advice
- Highly proficient with MS Office applications, expert with excel
- Strong collaborative skills with the ability to work effectively in a matrix model and leverage global resources to achieve objectives
- Strong people management skills with focus on ability to organize lead and motivate team
- Solid knowledge/previous experience in financial reporting/analysis and expense/cost management
- Proven planning, organizational and problem solving skills
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Director, Functions Performance Management
About the role
Job Description
What is the opportunity?
The Director, Functions Performance Management leads the Global Functions Platform Performance Management team, which is responsible for managing the forecasting, planning, reporting, and allocation activities for Global Functions Finance, and for supporting the analysis of operating results.
Act as a key leader in the team with respect to the effective execution of Global Functions Finance PM requirements, including system enhancements, calendar, team processes, and other opportunities to increase the capacity and effectiveness of the team. This role provides leadership in the provision and enhancement of cost transparency to the firm, notably through the provision of clear and useful information to the platforms through allocations
The Director is a key business partner providing financial information to finance executives to support understanding and decision making. This includes leading the provision of accurate monthly financial information as well as in ensuring the allocation methodologies are appropriate and updated on a regular basis.
What you will do?
- Develop and deliver analysis and actionable information for Financial Advisors across Global Functions in support of reporting, forecasting, and cost transparency.
- Lead and manage the end-to-end Global Functions consolidated management reporting process from historical results (Reported) to forward looking targets (Forecast and Plan). Scope includes both direct and allocation views.
- Proactively drive forecasting, annual planning, 5 year outlook, enterprise stress testing, T-5 estimates and other forecasting and planning.
- Act as key lead for the platform in the preparation of transparent analytical reporting on major initiatives and business drivers to senior management and executives across RBC.
- Manage month-end and quarter-end close processes including review, control and governance, and providing insightful and actionable analysis to support senior management and executives.
- Enable transparency of cost allocations by supporting Financial Advisor in developing appropriate allocation methodologies, perform impact analysis of allocation rate changes, and enhance the allocation processes.
- Develop and coordinate global processes with a focus on creating efficiencies within the Global Functions Finance team.
- Lead initiatives and projects to build and enhance Global Functions’ capabilities. Key lead for Global Functions Finance in Forecast & Plan Re-engineering projects.
- Support Financial Advisors in driving client value by maintaining focus on functional performance drivers, service quality and cost effectiveness.
- Take responsibility for ad hoc requests that may not be well defined or established by nature, are required on a short notice, and involve coordination with multiple functional areas covering a variety of topics and issues.
- Responsible for Global Functions Financial System Administrator (FSA) activities.
What will you need to succeed?
Must Have
- CA, CMA, CGA, MBA or equivalent with 10+ years work experience gained through a varied working career including positions in numerous facets of RBC or another financial institution
- Solid understanding of accounting principles, financial reporting, and finance systems (EPM Cognos/TM1)
- Strong focus on controls
- Excellent financial/analytical, communication (oral & written) and interpersonal skills in order to establish strong relationships at all levels across the enterprise, with a particular focus on senior executive communication / advice
- Highly proficient with MS Office applications, expert with excel
- Strong collaborative skills with the ability to work effectively in a matrix model and leverage global resources to achieve objectives
- Strong people management skills with focus on ability to organize lead and motivate team
- Solid knowledge/previous experience in financial reporting/analysis and expense/cost management
- Proven planning, organizational and problem solving skills
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.