Trade Expense Analytics & Reporting

What will you do?

• Set the strategic direction on sustainable oversight of 3rd party trade execution related spend.

• Define and establish new business processes and form strong relationships across front and back-office businesses and functions.

• Lead a team of analysts responsible for the validation of received expense invoices compared to in-house data analytics and solve for any discrepancy.

• Build a data analytics capability that will model various cost optimization strategies based on trade data interpretation and execute as appropriate in concert with trading desks.

• Establish a cost reporting framework that highlights key expense areas to enable effective decision making by businesses relative to trade execution strategies.

• Provide strategic leadership over cost optimization opportunities including negotiating vendor costs, continuous review of all connections with CIT, and providing recommendations to business heads around saving opportunities.

• Drive continuous improvement initiatives requiring process improvements across tooling, reporting, business engagement.

• Establish a centralized repository of all benchmarks by supplier and product type that will identify areas for cost optimization.

• Select, build, and lead a high performing team, leveraging individual capabilities and strengths.

• Work with team members to establish goals, drive performance management, support career development and reward strong performance.

What do you need to succeed?

Must-have

• Proven leadership experience in Capital Markets and an understanding of Global Markets businesses.

• Strong understanding of trading execution strategies and transaction lifecycle.

• Demonstrated experience in the coordination of large cross-functional programs/projects

• Track record of driving operational excellence and optimizing processes (including use of technology where applicable)

• Demonstrated experience in defining and establishing new business processes and forming strong relationships.

• Strong strategic thinking, problem-solving, and decision-making skills.

• Excellent communication and interpersonal abilities to effectively liaise with diverse teams and vendors.

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 include competitive compensation and flexible benefits, such as 401(k) program with company-matching contributions, health, dental, vision, life, disability insurance, and paid-time off.
• 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.
• Opportunities to do challenging work.
• Opportunities to build close relationships with clients.

The expected salary range for this particular position is $160,000 - $225,000, depending on your experience, skills, and registration status, market conditions and business needs. You have the potential to earn more through RBC's discretionary variable compensation program which gives you an opportunity to increase your total compensation, provided the business meets its performance targets and you meet your individual goals.

RBC's compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

• Drives RBC's high-performance culture
• Enables collective achievement of our strategic goals
• Generates sustainable shareholder returns and above market shareholder value

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.