Senior Manager, Commercial Banking Finance, P&CB Finance

What is the opportunity?

The Senior Manager, Commercial Banking Finance, P&CB Finance will manage the preparation and analysis of components of earnings relating to annual plans, forecasts, monthly financials and 5-year strategic planning documents; as well as provide control and governance to the reporting framework to ensure the accuracy and consistency of reporting.

This role is the Finance Lead responsible for the analysis and reporting of direct and indirect expenses, including FTE, for Commercial Banking and management of monthly best estimates reporting process identifying an early view of results.
Working in close collaboration with finance and external partners, enhance cost transparency and develop modelling that provides insight and actionable information to management for effectively controlling cost growth, validate initiatives benefits, including benefits and efficiency target of HSBC acquisition, as well as to develop/enhance and maintain segment level cost allocation methodologies to ensure transparency and segment profitably is accurate for management discussion and strategic planning.

What you will do?

• Developing the components (including enhancing and maintaining productivity and key drivers dashboards to incorporate into Plan and forecast); Coordinate annual plan and 5 year strategic Planning process and related business reviews, focusing on alignment with strategy
• Responsible for providing timely and insightful analysis and reporting of financials to Commercial Banking OC, including monthly/quarterly actual, forecast/annual plan/5-year strategic planning and quarterly volume benchmarking with peers
• Reporting related to Commercial Banking direct and indirect expenses, and acting as center of expertise on matters relating to Investment Spend and Business as Usual spend within Professional Fees
• Compiling expense and full-time-employee (FTE) data from across Commercial Banking (CB), including Operations and distribution channels; completing analysis and written commentary explaining variances for reporting periods
• Management of monthly best estimates reporting processes identifying early view of actual results
• Providing advice to executives/senior management on cost trends, early warnings, and savings opportunities
• Assists Commercial Banking efficiency management programs to ensure Commercial Banking/Canadian Banking achieve its' targeted operating metrics.
• Reporting of HSBC Financials separately, including the tracking of value capture financials

What you need to succeed?

Must Have

• 5+ years of relevant finance and industry experience
• CPA/CFA//MBA Strong understanding of the drivers of performance and outcome measures of Business products, RBC, and the financial industry
• Cross enterprise mindset
• Excellent written and oral communication skills and ability to influence.
• Focused on continuous improvement
• Creative, innovative, proactive and strategic business sense
• Strong knowledge of RBC planning, reporting and forecasting processes
• Superior financial modeling skills (ie. strong Excel modeling skills) and technical skills (ie. Tableau database management)

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above