At a Glance
- Tasks: Join our team to manage cost control processes and financial data analysis.
- Company: Royal Bank of Canada is a leading global bank committed to client success and community impact.
- Benefits: Enjoy flexible work options, competitive pay, bonuses, and a world-class training programme.
- Other info: Work in a supportive environment focused on professional growth and community contribution.
- Why this job: Be part of a dynamic team that values collaboration and innovation in finance.
- Qualifications: Must be a qualified accountant with strong analytical skills and experience in financial control.
The predicted salary is between 36000 - 60000 £ per year.
Cost Control Analyst, CFO Finance Strategic Initiatives
Cost Control Analyst, CFO Finance Strategic Initiatives
Royal Bank of Canada London, United KingdomCost Control Analyst, CFO Finance Strategic Initiatives Cost Control Analyst, CFO Finance Strategic Initiatives
Cost Control Analyst, CFO Finance Strategic Initiatives
Job Summary
Job Description
What is the opportunity?
You will be part of UK Cost Control with responsibility for the execution of cost management processes within a robust financial control framework. Your role will include the preparation of accurate financial data, analytics for business decisions and related accounting processes and extracting, standardising and optimising business processes and related reporting within central Cost Control Hub.
RBC\'s expectation is that from mid-September 2025, all employees and contractors will work in the office with some flexibility to work up to 1 day per week remotely, depending on working arrangements.
What will you do?
- Preparation of cost base financial and statistical data in line with financial reporting timelines including data validation, accruals/prepayments/IFRS 16 entries and other cost adjustments
- Actively engage and support the Tax department in the preparation of high risk critical data in relation to Recoverable VAT and Reverse Charge VAT
- Actively identify opportunities to implement change to refine or streamline processes
- Engage in cost initiatives aimed at improved reporting of cost base and driving cost reductions where possible
- Produce appropriate MI to support / influence behaviour change across RBC with respect to the cost base - regular and ad-hoc including trend and variance analysis by business line
- Support Head of Cost Control to develop and maintain adequate controls across all processes
- Manage and review the Fixed Asset Register
- Ensure cost control and transfer pricing processes align appropriately
- Analyse, reconcile and report upon expenses across multiple cost centres within a complex legal entity structure
- Develop, maintain and document effective processes and controls including UK Delegation of Authorities
- Understand the end to end cost base by business platform including data flows, accountabilities, and controls
- Understand the process and principles behind the global cost recharges across business lines and align with Transfer Pricing processes
- Build and maintain robust working relationships with key local and global stakeholders e.g. business managers, function heads, Procurement
- Be an integral part of the Planning and Forecasting process
- Provide support to the Global FSS team for Accounts Payable issues as required; ensuring SLA\'s are met and address local escalated issues.
What do you need to succeed?
Must-have
- Qualified Accountant
- Extensive post qualified experience
- Experience in a financial control environment including cost control
- Autonomous in working; forward thinking to reduce cost base
- High degree of analytics skills with strong attention to detail/accuracy
- Structured and appropriate communication style - oral and written
- Collaborative and with strong influencing skills
- Strong delivery and people management skills
- Strong understanding of debits and credits
- Flexible working style with ability to deal with ambiguity and time pressures.
Nice-to-have
- Audit experience
- IFRS 16 experience and occupancy cost allocations
- Experience of Policy, Procedure & Process Documentation
- Experience of Delegation of Authorities
- Experience of driving periodic budget and forecast
- Microsoft VBA experience
- Experience in managing a team.
What is 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 including bonuses, flexible benefits and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Opportunities to work with the best in the field
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services.
Agency Notice
RBC Group does not accept agency resumés. Please do not forward resumés to our employees, nor any other company location. RBC Group only pay fees to agencies where they have entered into a prior agreement to do so and in any event do not pay fees related to unsolicited resumés. Please contact the Recruitment function for additional details.
Job Skills
Accounting, Accounting Finance, Decision Making, Financial Planning and Analysis (FP&A), Group Problem Solving, Long Term Planning, Organizational Savvy and Politics, Strategic Thinking, Time Management, Waterfall Model
Additional Job Details
Address:
100 BISHOPSGATE:LONDON
City:
London
Country:
United Kingdom
Work hours/week:
35
Employment Type:
Full time
Platform:
OFFICE OF THE CFO
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-07-24
Application Deadline:
2025-08-08
Note : Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I nclusion 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.
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Find thousands of job opportunities by signing up to eFinancialCareers today. #J-18808-LjbffrCost Control Analyst, CFO Finance Strategic Initiatives | London, UK employer: Royal Bank of Canada
Royal Bank of Canada is an exceptional employer, offering a dynamic and collaborative work environment in the heart of London. With a strong focus on employee development, comprehensive benefits, and a commitment to inclusivity, RBC empowers its staff to thrive both personally and professionally. Join a high-performing team where your contributions make a meaningful impact on clients and communities alike.
StudySmarter Expert Advice🤫
We think this is how you could land Cost Control Analyst, CFO Finance Strategic Initiatives | London, UK
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Royal Bank of Canada. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Cost Control Analyst, CFO Finance Strategic Initiatives | London, UK
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Royal Bank of Canada.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Royal Bank of Canada's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Royal Bank of Canada
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Royal Bank of Canada.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Royal Bank of Canada will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Royal Bank of Canada employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
