Vice President, Business Management

RBC; Toronto; On-site; CAD 140,000 - 180,000; Full time

Job summary

A major financial institution in Toronto is seeking a Vice President of Business Management to drive operational excellence and support growth objectives. The ideal candidate will have over 7 years of progressive experience in business management within financial services, coupled with strong analytical skills and leadership capabilities. This role offers a comprehensive rewards program and opportunities for professional development.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Competitive compensation

Coaching and development opportunities

Qualifications

• 7+ years of experience in progressive business management in financial services, preferably in Cash Management.
• 4+ years of business leadership roles.
• Strong financial acumen and analytical capabilities.
• Outstanding communication and stakeholder management abilities.

Responsibilities

• Support development of comprehensive business strategies and lead execution.
• Drive financial planning, forecasting, and budgeting processes.
• Leverage analytics and data-driven insights for strategic decisions.
• Lead and develop a high-performing team of business management professionals.

Skills

Business Oriented

Communication

Decision Making

Long Term Planning

Organizational Change Management

Program Management

Resource Coordination

Results-Oriented

Team Management

Time Management

Education

Undergraduate Degree

MBA or equivalent advanced degree preferred

Job description

Overview

VP - Business Management

As Vice President, Business Management – you will act as a strategic business leader responsible for driving operational excellence, financial performance, and strategic initiatives for RBC Clear. This role combines deep analytical expertise with executive leadership to optimize business operations and support growth objectives while ensuring alignment with enterprise-wide strategic priorities. Role is seeking an ambitious self-starter who is comfortable both with leading a team and building from the ground up.

RBC Clear Business is a unique opportunity to build the cash management business of the future from the ground up. Great opportunity to join a growing team focused on building the best-in-class cash management business.

Responsibilities

What will you do?

Strategic Planning & Execution

Support development and lead execution of comprehensive business strategies, annual operating plans, and multi-year strategic roadmaps. Partner with senior leadership to translate corporate strategy into actionable business unit objectives and performance metrics.

Financial Management & Performance

Support P&L responsibility, including resourcing, expense management, and margin enhancement. Drive financial planning, forecasting, and budgeting processes while ensuring robust financial controls and governance. Work closely with Finance partners to ensure overall health and wealth of RBC Clear business.

Business Analytics & Insights

Leverage advanced analytics and data-driven insights to inform strategic decisions, identify market opportunities, and optimize business performance. Establish key performance indicators and reporting frameworks.

Cross-Functional Leadership

Collaborate with functional partners across technology, operations, risk management, compliance, and other key areas to deliver integrated business solutions. Build and maintain strong stakeholder relationships to drive cross-organizational initiatives.

Team Leadership & Development

Lead and develop a high-performing team of business management professionals, fostering a culture of accountability, innovation, and excellence. Provide coaching, mentorship, and career development opportunities.

Operational Excellence

Oversee day-to-day business operations, identifying and implementing process improvements, efficiency gains, and scalability enhancements. Champion operational discipline and continuous improvement methodologies across all functional areas.

Qualifications

What is required to succeed?

Must Have

• Undergraduate Degree required, MBA or equivalent advanced degree preferred in Business, Finance, Economics, or related field
• 7+ years of experience in progressive business management experience in financial services or related industry, preferably in Cash Management/Transaction Banking; 4+ years of business leadership roles
• Proven track record of driving business growth and operational improvements
• Strong financial acumen and analytical capabilities
• Excellent leadership and team development skills
• Outstanding communication and stakeholder management abilities
• Keen sense of numbers and strong analytical skills with the ability to multitask and handle high-pressure executive level requests on an ongoing basis
• Strong collaboration skills and ability to engage business partners (risk, compliance, technology) in a matrixed environment

Nice-to-have

• Experience in capital markets, investment banking, or wealth management
• Demonstrated success in managing complex, multi-functional initiatives
• Experience with digital transformation and technology-enabled business solutions
• Professional certifications (CFA, CPA, FRM) preferred

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
• Opportunities to do challenging work
• Opportunities to building close relationships with clients

Job Skills

Business Oriented, Communication, Decision Making, Long Term Planning, Organizational Change Management, Program Management, Resource Coordination, Results-Oriented, Team Management, Time Management

Additional Job Details

Address: RBC CENTRE, 155 WELLINGTON ST W:TORONTO

City: Toronto

Country: Canada

Work hours/week: 37.5

Employment Type: Full time

Platform: CAPITAL MARKETS

Job Type: Regular

Pay Type: Salaried

Posted Date: 2025-08-11

Application Deadline: 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.