VP, CLIENT AND PRODUCT PROFITABILITY
WHAT IS THE OPPORTUNITY?
In collaboration with business, operations, sales, technology and finance partners, the Manager will lead development of new strategies, programs, projects to increase bank's profitability: revenues and efficiencies. Develops and maintains models, analytics, processes and tools to inform profitability analysis, identify new optimization opportunities, and support business decisions, track financial results of the optimization efforts. Provides highly analytical leadership around data challenges. Identifies opportunities for new uses of information technologies to assist finance in meeting strategic objectives. Conducts projects requiring extensive research and analysis with bank-wide impact. (e.g., strategic planning, quantitative analysis, statistical modeling, etc.) Consults, interprets, and advises management on business/division performance results.
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Finance Division
This is a great opportunity to grow your career with a stable and expanding organization as a member of City National's Finance and Transformation team. This group records, analyzes, reports and optimizes to maintain the bank's financial health, while following principles and legislation to ensure we're doing what's right.
What you will do
- Leads analysis of product economics and financial performance
- Analyze design requirements of dashboard reports, enterprise and local data solutions, and related reporting structures and reference data mapping
- Develop, implement and maintain frameworks to measure financial impact of strategies and initiatives
- Develop models and tools for profitability analysis of client relationships and transactions
- Performs analysis to identify and quantify new profitability optimization opportunities, including revenue and efficiencies
- Leads design and execution of optimization initiatives in close collaboration with executives and business partners
- Leads change management activities related to profitability optimization including socialization of concepts, communication with leadership teams across the bank, trainings
- Prepares and delivers executive level presentations to inform business decisions
- Monitors the market: financial market conditions, competitive pricing, competitive environment and strategies, industry trends
- Collaborates with product managers, segment owners, pricing managers on strategic programs
Must-Have
- Bachelor's Degree
- Minimum 10 years banking industry experience
Skills and Knowledge
- Background in Banking, Corporate Finance, Product Management, Technology
- Strong Project Management and Communication
- MS Office Suite (strong Excel, Access and PowerPoint)
- Data Management and Analytics (Tableau, Python, SQL)
Compensation
Starting base salary: $122,535 - $208,715 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.'
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.