Vice President, Global Investment Banking, Business Manager

Royal Bank of Canada•New York, NY

7h•$175,000 - $200,000•Onsite

About The Position

RBC is seeking an experienced Business Manager to support Investment Banking sector teams. The role drives business performance and operating efficiencies by supporting the strategic direction and implementation of transformational and sustaining strategies aligned with RBC Capital Markets’ operating philosophy. It is accountable for the effectiveness of the business operating model and partners with Finance, Risk, Legal, Strategy, Human Resources, Compliance, and other functional teams to achieve business goals, operational effectiveness, and sustainable value creation. The Business Manager provides strategic and tactical advice to business heads, supports financial planning and strategic business reviews, and recommends initiatives to enhance business capabilities and manage costs. The position also represents the business in cross-functional projects, supports workforce planning, monitors control requirements, and helps identify and escalate operational risks and control deficiencies. The role calls for collaborative leadership, sound judgment, a focus on client and operational excellence, and commitment to an inclusive, values-based workplace. This is a regular, full-time, salaried position based at Brookfield Place, 200 Vesey Street, New York, with a stated schedule of 40 hours per week. The good-faith expected salary range is $175,000–$200,000, depending on factors including experience, skills, registration status, market conditions, and business needs. The range excludes other compensation, including discretionary bonus and benefits.

Requirements

Bachelor’s degree; MBA, MA, MS, or equivalent. Finance or accounting emphasis is preferred.
Understanding of Investment Banking; Investment Banking experience is preferred.
Demonstrated advanced financial analysis skills and experience.
Strong leadership abilities and excellent communication and speaking skills.
Familiarity with compliance and regulatory matters to support the Business Head and liaise with functional areas.
Familiarity with operational and financial control and support environments and issues.
Demonstrated project management skills.
Highly motivated, committed, and responsible, with the ability to manage conflicting priorities and requests.
Ability to take initiative and work independently while also contributing strong teaming skills.
Maintain high standards of professional and ethical conduct.
Strategic business sense and skill in setting strategic priorities.
Organizational awareness.
Demonstrated change leadership skills.

Nice To Haves

Finance or accounting emphasis in degree studies.
Investment Banking experience.

Responsibilities

Drive financial planning and operational initiatives in partnership with group heads.
Recommend and lead initiatives to improve the effectiveness and efficiency of the business line, including enhanced capabilities and cost management aligned with Capital Markets’ strategic priorities.
Ensure the business is aware of key projects and secure or provide business approvals where the business has approval rights.
Participate in COO and business-line updates and events, and serve as a point of integration between the business line and functional groups.
Assist business heads in preparing strategic business reviews, coordinating with Strategy, Finance, Risk, and other functions to incorporate a holistic view of risk and appropriate performance metrics.
Develop recommendations in coordination with Operations, Risk, Legal, Human Resources, Finance, Communications, and other functional groups.
Represent the business in business-specific and broader support or cross-control-function projects.
Identify operational risks and control deficiencies, and promptly escalate loss events, deficiencies, and identified risks to the line manager and relevant risk and control functions.
Model RBC’s people-driven, client-focused leadership approach; promote learning, inclusion, diverse perspectives, and improved diversity representation.
Transfer strategic and tactical knowledge by identifying, analyzing, and proactively advising business heads in collaboration with functional and Operations/IT experts.
Influence and engage cross-functional team members.
Partner with Human Resources on workforce planning.
Establish monitoring structures and mechanisms to support adherence to business-unit control requirements.
Foster individual responsibility and superior client experience, operational excellence, sales excellence, and value creation.