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Senior Director, TI Cost Optimization and Analytics

RBC8 days ago
Urgently Hiring
Verified
Toronto, ON
Senior Level
Full-time

Top Benefits

Total Rewards Program
Bonuses
Flexible benefits

About the role

Job Description

What is the Opportunity?

The Senior Director will lead the analysis and reporting of IT Infrastructure costs across the enterprise through a transformed digital capability. The role is accountable for building an automated digital capability to deliver transparent, timely, and actionable insights into infrastructure spend. Identifying revenue generating opportunities, actioning efficiency strategies, and driving recommendations to optimize costs. The position plays a critical role in ongoing process simplification, cost management, and enabling data-driven decision making across TI leadership.

What will you do?

  • Planning and development of fully digital tooling and reporting capability.
  • Deliver accurate monthly analysis of IT infrastructure spend (hardware, software, cloud, network, storage, data centers, support contracts, etc.)
  • Develop clear, concise reporting and dashboards for senior IT and business leadership.
  • Break down data views by business to provide insight into the relationship between cost and revenue.
  • Tracks spend against budget and forecast , identifying variances and root causes.
  • Analyze consumption patterns , utilization levels, and contractual terms to identify cost optimization opportunities.
  • Provide recommendations to improve infrastructure efficiency , such as workload placement, licensing optimization, vendor renegotiation, and retirement of legacy platforms.
  • Support IT leadership in prioritizing optimization initiatives.
  • Advise on financing tactics that enable TI strategic vision.
  • Review and streamline processes related to TI cost management, chargeback, and reporting.
  • Standardize cost categorization , allocation, and reporting frameworks across infrastructure services.
  • Partner with Finance , Procurement, and TI Service Owners to embed stronger cost accountability.
  • Provide forward-looking insights into cost drivers, risks, and industry trends.
  • Advise on implications of technology choices (e.g., cloud adoption, outsourcing, automation) on cost structure.
  • Establish governance cadence to track cost optimization initiatives, ensuring realization of benefits. Provide regular reporting to the T&O COO on spend profile, risks, and opportunities.
  • Present actionable recommendations to senior management and contribute to strategic planning.

What do you need to succeed?

Must have:

  • Proven experience (15+ years) in IT cost management, financial analysis, and technology optimization within large-scale banking or financial services environments.
  • Strong understanding of IT infrastructure domains (data center, cloud, storage, compute, networking, middleware, end-user computing)
  • Expertise in cost modelling, budgeting, and forecasting processes.
  • Expertise in Apptio and associated tooling.
  • Ability to translate complex technical and financial information into clear, actionable insights for senior stakeholders.
  • Strong analytical skills with attention to detail, combined with the ability to identify high-level trends and strategic opportunities.
  • Excellent stakeholder engagement, influencing, and presentation skills.
  • Familiarity with regulatory and risk considerations in banking IT environments.

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.
  • A world-class training program in financial services.
  • Opportunities to do challenging work.

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About RBC

Banking
10,000+

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.

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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.

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