Cost Control Analyst, CFO Finance Strategic Initiatives | London, UK

Royal Bank of Canada; London; Hybrid; GBP 100,000 - 125,000; Full time

Job summary

A major international banking institution in London seeks a Cost Control Analyst to support financial control operations. The candidate will manage cost management processes, prepare financial data, and enhance reporting efficiencies. Essential qualifications include being a qualified accountant with significant experience in financial control. The role offers considerable opportunities for professional growth within a dynamic financial environment.

Benefits

Comprehensive Total Rewards Program

World-class training program

Opportunities to work with experts in the field

Qualifications

• Autonomous in working; forward thinking to reduce cost base.
• Structured and appropriate communication style - oral and written.
• Collaborative and with strong influencing skills.

Responsibilities

• Preparation of cost base financial and statistical data in line with financial reporting timelines.
• Manage and review the Fixed Asset Register.
• Engage in cost initiatives aimed at improved reporting of cost base.

Skills

Qualified Accountant

Extensive post qualified experience

High degree of analytics skills

Strong delivery and people management skills

Strong understanding of debits and credits

Flexible working style

Education

Qualified Accountant

Tools

Microsoft VBA

Job description

Cost Control Analyst, CFO Finance Strategic Initiatives

Cost Control Analyst, CFO Finance Strategic Initiatives

Royal Bank of Canada London, United Kingdom

Cost Control Analyst, CFO Finance Strategic Initiatives

Royal Bank of Canada London, United Kingdom Apply now Posted 15 hours ago Permanent Competitive

Cost Control Analyst, CFO Finance Strategic Initiatives

Royal Bank of Canada London, United Kingdom Apply now

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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