Associate Director, Cost Allocation & Analytics and Transformation

Royal Bank of Canada

  • Toronto, ON
  • Permanent
  • Full-time
  • 9 days ago
Job DescriptionWhat 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 RelationshipsAdditional Job DetailsAddress: ROYAL BANK PLAZA, 200 BAY ST:TORONTOCity: TorontoCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: OFFICE OF THE CFOJob Type: RegularPay Type: SalariedPosted Date: 2025-08-25Application Deadline: 2025-09-09Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.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 .

Royal Bank of Canada