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Job Description
What is the opportunity?
This is an exciting and unique opportunity to join Wealth Management (WM) Finance, Performance Management (PM) team. The mandate of the WM PM team is to deliver value-added management reporting and enhance driver-based analytics for WM segment by working closely with the business advisory and financial controller teams.
As a Manager, Wealth Management Finance, you will be responsible for providing insightful financial analytics and management presentations for senior Finance and Wealth Management Executives. Reporting to the Director WM Performance Management - Finance, this position will lead/assist in producing reporting packages for WM segment, that will be distributed to Senior Management and Head Office.
What you will do?
- For the first 6 months, this position will be responsible for producing existing reporting packages and analysis for the Investor Services (*) line of business within WM, with a dotted line reporting to the Director of IS Performance Management. During these 6 months, the successful applicant will also work with the IS Finance team to help integrate and anchor any continuing reporting needs for IS with the appropriate IS Finance team member.
(*) Investor Services (IS) is a specialist provider of asset servicing, custody and payment services for financial institutions and other institutional investors worldwide. IS delivers custodial, advisory, financing and other services to safeguard client assets, maximize liquidity, and manage risk across multiple jurisdictions.
- Assist in production of monthly and quarterly reporting packages and consolidated estimated financial performance. This includes monthly flash results, monthly operating results, quarterly operating committee deck, Quarterly Assurance Review (QAR) material, presentation of estimates and other ad hoc executive documents.
- Responsible for addressing monthly and quarterly requirements from Head Office finance teams including review of WM related sections in the Investor Relations (IR) presentations / material and providing key metrics and variance explanations as requested by HO PM, and Financial Regulatory Reporting (FRR) team.
- Responsible for quarterly benchmarking of RBC WM business performance against Canadian peer banks and creating presentations for the WM finance senior executives and the business head
- Lead/assist with integrated drivers-based analytics efforts across the WM Platform with a focus on key performance metrics (financial and non-financial) related to the WM industry. Build upon and / or strengthen trusted relationships with various contributors / stakeholders including WM finance, HO Finance, GRM, Treasury, Reporting Shared Services (RSS) and WM Strategy teams, for meeting month-end/quarter-end management and external reporting requirements
- Lead/Assist in the identification and implementation of process simplification and streamlining opportunities, including but not limited to, the automation of reports by leveraging available IT tools (e.g. Tableau, Office 365, Data360) and transition of standard reports to RSS team.
- As required, lead/provide support for adhoc initiatives/requests and month-end/quarter-end activities.
What do you need to succeed?
Must have
- Bachelor’s degree major in finance or accounting or data analytics with 3+ years' of experience
- Accounting/Finance designation (CPA, CA, CGA, CMA, CFA) or equivalent preferred
- Advanced knowledge of Excel, PowerPoint and ability to work with Tableau
- Strong communication skills
- Solid analytical and problem-solving skills, with strong attention to detail
- Sense of urgency and ability to handle demands from multiple directions amidst submission deadlines
- Solid relationship management skills since frequent interaction with key contacts is necessary to be successful in this role
- Collaborative and team-oriented mindset with ability to work under pressure in a rapidly changing environment
- Self-motivated and independent worker with a solutions-driven mind-set
Nice to have
- Previous experience working in Financial Services/Wealth Management Finance area
- Working knowledge of TM1 and Perspectives and any relational database applications
- Knowledge of Macros/VBA
Job Skills
Accounting, Business Analytics, Decision Making, Financial Analysis and Reporting, Financial Planning and Analysis (FP&A), Interpersonal Relationships, Management ReportingAdditional Job Details
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