Senior Director, TI Cost Optimization and Analytics

RBC; Toronto; On-site; CAD 130,000 - 160,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Senior Director to lead the analysis and reporting of IT infrastructure costs. The successful candidate will develop automated digital capabilities, optimize costs, and provide actionable insights to senior leadership. Extensive experience in IT cost management within banking environments is required. This role offers competitive rewards and a collaborative work culture.

Benefits

Comprehensive Total Rewards Program

World-class training program

Dynamic and collaborative team environment

Qualifications

• Proven experience (15+ years) in IT cost management and financial analysis.
• Strong understanding of IT infrastructure domains.
• Ability to translate complex technical information into actionable insights.

Responsibilities

• Lead analysis and reporting of IT infrastructure costs.
• Develop digital tooling and reporting capability.
• Track spend against budget and forecast.

Skills

IT cost management

Financial analysis

Technology optimization

Analytical skills

Stakeholder engagement

Tools

Apptio

Job description

Overview

The Senior Director will lead the analysis and reporting of IT Infrastructure costs across the enterprise through a transformed digital capability. The role is accountable for building an automated digital capability to deliver transparent, timely, and actionable insights into infrastructure spend. Identifying revenue generating opportunities, actioning efficiency strategies, and driving recommendations to optimize costs. The position plays a critical role in ongoing process simplification, cost management, and enabling data-driven decision making across TI leadership.

Responsibilities

• Planning and development of fully digital tooling and reporting capability.

• Deliver accurate monthly analysis of IT infrastructure spend (hardware, software, cloud, network, storage, data centers, support contracts, etc.)

• Develop clear, concise reporting and dashboards for senior IT and business leadership.

• Break down data views by business to provide insight into the relationship between cost and revenue.

• Track spend against budget and forecast, identifying variances and root causes.

• Analyze consumption patterns, utilization levels, and contractual terms to identify cost optimization opportunities.

• Provide recommendations to improve infrastructure efficiency, such as workload placement, licensing optimization, vendor renegotiation, and retirement of legacy platforms.

• Support IT leadership in prioritizing optimization initiatives.

• Advise on financing tactics that enable TI strategic vision.

• Review and streamline processes related to TI cost management, chargeback, and reporting.

• Standardize cost categorization, allocation, and reporting frameworks across infrastructure services.

• Partner with Finance, Procurement, and TI Service Owners to embed stronger cost accountability.

• Provide forward-looking insights into cost drivers, risks, and industry trends.

• Advise on implications of technology choices (e.g., cloud adoption, outsourcing, automation) on cost structure.

• Establish governance cadence to track cost optimization initiatives, ensuring realization of benefits. Provide regular reporting to the T&O COO on spend profile, risks, and opportunities.

• Present actionable recommendations to senior management and contribute to strategic planning.

What you need to succeed

Must have

• Proven experience (15+ years) in IT cost management, financial analysis, and technology optimization within large-scale banking or financial services environments.

• Strong understanding of IT infrastructure domains (data center, cloud, storage, compute, networking, middleware, end-user computing).

• Expertise in cost modelling, budgeting, and forecasting processes.

• Expertise in Apptio and associated tooling.

• Ability to translate complex technical and financial information into clear, actionable insights for senior stakeholders.

• Strong analytical skills with attention to detail, and ability to identify high-level trends and strategic opportunities.

• Excellent stakeholder engagement, influencing, and presentation skills.

• Familiarity with regulatory and risk considerations in banking IT environments.

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.

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.

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