The Senior Manager, Procurement & Finance – AI, will lead the Finance pillar within a high-impact technology portfolio that spans AI across RBC. The focus will be to manage end-to-end financial operations including budgeting, forecasting, developer productivity metrics/impact, and executive reporting across the enterprise. The incoming person in this role will be the single point of accountability for financial integrity and insight across a portfolio supporting all RBC lines of business—leveraging modern data and AI tools to drive efficiency and awareness.

Job Responsibilities

1. Budgeting & Forecasting

• Lead annual budget planning; align with enterprise cost optimization targets.

• Build and maintain rolling 18–24-month forecasts, integrating both operational and value realization.

• Monitor and communicate financial risk exposures, variance drivers, and corrective actions.

• Use AI-assisted tools (e.g., Claude Code, Power Query, Python-based analytics) to automate forecast modeling, scenario analysis, and anomaly detection.

2. Workforce Financial Oversight

• Maintain and refine capacity models to support strategic workforce planning.

• Leverage data analytics platforms to model workforce costs across FTE, contractor, and cloud spend categories in real time.

3. Financial Reporting & Insights

• Produce monthly and quarterly financial packages for senior leadership.

• Generate executive-ready dashboards and commentary (e.g. variance, run-rate, YoY/MTD analysis).

• Translate financial data into operational recommendations with business impact.

• Design and maintain self-service analytics using AI-driven tools; use advanced data visualization and predictive analytics to surface hidden cost drivers and optimization opportunities.

• Lead or participate in ad-hoc projects and information requests as required

• Collaborate and bring together multiple key stakeholders

• Bridges the gap between business and technology requirements, linking strategy and execution.

4. Governance & Controls

• Ensure compliance with internal controls, regulatory reporting standards, and cost allocation rules.

• Collaborate with Vendor Management on accruals, invoice validation, and contract alignment.

• Identify high-effort manual processes and automate them using AI and scripting tools; implement data validation rules and anomaly detection to improve accuracy and cycle time.

5. Partnership & Influence

• Act as strategic advisor to technology and product leaders on financial matters.

• Drive transparency and accountability by embedding financial rigor into planning cycles.

• Support the business case development and ROI evaluation for large-scale tech investments.

• Collaborate with engineering and data science teams to translate financial models into actionable insights, partner on cost implications of AI and data infrastructure investments.

6. Procurement & Contract Management

Contract Negotiation & Compliance

• Lead contract negotiations and renewal cycles for AI technology vendors and managed services aligned with the Developer Productivity portfolio.

• Ensure all contracts include appropriate cost controls, performance metrics, and compliance clauses aligned with RBC's vendor management policies and regulatory requirements.

• Collaborate with Legal and Procurement teams to validate contract terms, pricing structures, and risk mitigation strategies before execution.

• Monitor contract compliance, including SLA adherence, invoice accuracy, and regulatory obligations; escalate breaches or performance issues.

Spend Analysis & Category Management

• Conduct ongoing spend analysis across the portfolio to identify cost reduction opportunities, consolidation possibilities, and procurement savings.

• Establish and monitor key spend categories (e.g. software licenses, professional services, contractor resources) with detailed cost attribution models.

• Partner with Procurement to benchmark vendor pricing against market standards and negotiate volume discounts or favorable terms.

• Develop and maintain a vendor performance scorecard tracking cost, quality, delivery, and compliance metrics.

Procurement Process Optimization

• Identify manual and inefficient procurement processes; collaborate with Procurement teams to automate workflows using RBC systems and tools.

• Implement data validation and controls within procurement cycles to reduce errors, improve cycle time, and enhance financial accuracy.

• Design cost allocation rules and automated accrual processes to ensure timely and accurate financial reporting.

• Lead continuous improvement initiatives to embed financial discipline and transparency into procurement planning and execution.

Must have:

• 3+ years of experience in Finance, Financial Planning & Analysis (FP&A), or Business Management in a large enterprise.

• Proven track record owning budgets >$50MM across technology or operations portfolios.

• Advanced Excel and PowerPoint required; proficiency in Power BI, Tableau, or similar tools expected.

• Proficiency with AI-assisted financial analytics tools (e.g., LLM Models, Python, R, or equivalent) to build custom financial models, automate reporting, and conduct advanced analysis.

• Strong business, finance and accounting knowledge

• Excellent analytical thinking and attention to detail

• Strong understanding of workforce costing, including contractors and cloud-based spend.

• Experience with procurement and contract negotiation processes, preferably within a financial institution

• Experience in working / partnering with cross-functional teams within a large enterprise

• Excellent executive communication skills—both written and verbal

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 including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable

• 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

• A world-class training program in financial services

• Opportunities to do challenging work

#LI-POST

#TechPJ

Job Skills

Accounting, Account Maintenance, Audits Compliance, Budgeting, Business Procurement, Contract Accounting, Financial Accounting, Financial Accounting Systems, Financial Analysis, Financial Management, Financial Reporting and Analysis, General Ledger Administration, Generally Accepted Accounting Principles (GAAP), Long Term Planning, Operational Accounting, Performance Management (PM), Procurement, Procurement Purchasing, Sourcing and Procurement, Strategic Procurement, Tax Regulations, Vendor Procurement

Additional Job Details

RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTOTorontoCanada37.5Full timeTECHNOLOGY AND OPERATIONSRegularSalaried2026-03-092026-04-30

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

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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.

RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.