Senior Manager, Wealth Management Finance

What is the opportunity?

As a Senior Manager with Wealth Management Performance Management, you will provide insightful financial analytics & decision support, including funding transfer pricing (FTP), revenue & non-interest expenses (NIE), Enterprise Wide Stress Testing (EWST), and other metrics for the Wealth Management (WM) business. Reporting to the Director Wealth Management (WM) Finance, this position will undertake advisory, analytics and decision support capacity for the WM business and communicate relevant analytical insights to senior Finance and Wealth Management Executives audience.

What you will do?

• Develop insightful drivers-based analyses on WM performance using key industry metrics on revenue (including NII and FTP), non-interest expense (including allocation), client assets, and balance sheet
• Review EWST model, including model results/documentation and communicate key narrivatives to a wide array of stakeholders
• Take proactive actions to understand capital management and Risk Weighted Assets (RWA) with a view of finding ways to efficiently use capital
• Lead WM Finance's role in reporting and analysis of balance sheet management including various liquidity allocation to the WM Platform, credit and deposit product profitability analysis, and capital management
• Deep-dive analysis on non-interest expense (NIE), including collaborating with T&O and function Finance team to identify potential opportunities for cost savings across the platform
• Lead/assist the design and implementation of new standardized processes to simplify, innovate and automate analysis
• As required, lead/provide support for adhoc initiatives/requests

What you need to succeed?

Must Have

• Accounting/Finance designation (CPA, CA, CFA, M.Fin.) or equivalent with 5+ years' of related experience
• Strong verbal and written communication skills to clearly and concisely articulate business performance and analysis
• Attention to detail and organized
• Sense of urgency, ability to handle demands from multiple directions and set priorities
• Solid relationship management skills since frequent interaction with key contacts is necessary to be successful in this role
• Ability to impact/influence without direct authority
• Intermediate/Advanced knowledge of Excel and PowerPoint
• Collaborative and team-oriented mindset
• Ability to take initiative, coupled with strong problem solving and analytical skills
• Ability to work under pressure in a rapidly changing environment
• 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

Additional Job Details

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

Inclusion and Equal Opportunity Employment

At 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.