Cost Analyst at Royal Bank of Canada in Canada

Cost Analyst
Location: 90 WESTERN PKY:BEDFORD
Job Description
What is the opportunity?

The role will work within the Capital Markets, COO, Business Management, Trade Expense Management team and be responsible for the timely and efficient processing of all 3rd Party Trade Execution Invoices through the implemented global central utility (REVPORT). The incumbent will work closely with the Control and Governance and Business Support Functions within the team to ensure full coverage of Trade Execution invoices are processed through the system in as effective manner as possible to ensure compliance with internal and external regulation and standing orders and to additionally ensure maximum detail and transparency is made available to the businesses supported with regards to cost, volume, nominal and other attributes driving the trade expense cost base.

What will you do?
Monitor incoming mail for assigned invoices and contact vendors when expected invoices have not been received.
Reconcile invoices and calculate internal business allocations following business agreed methodology.
Investigate reconciliation discrepancies and coordinate resolution with vendor and trading business.
Document variances to best practice and provide to team lead for approval.
Prepare allocation templates and post to financial systems.
Arrange vendor payment through accounts payable or manual payment.
Manage special financial scenarios: accruals, prepayments, journals, etc.
Prepare reports for and respond to inquiries from various parties including the trading business, product control, financial control.
Perform cost analysis identifying material trends and drivers and/or opportunities for savings.
Perform business analysis and testing in relation to onboarding of new invoices or
enhancements to processing of existing invoices.
Work on assigned projects in the areas of process improvement and automation.
What you need to succeed?
Must-have:
BBA / BComm / BSc / BA.
1 - 2 years’ experience working in a Capital Markets, Securities Trading, Brokerage or similar environment.
Knowledge of basic accounting concepts.
Knowledge of the firm's financial systems and booking processes in relation to assigned invoices.
Knowledge of products and services in relation to assigned invoices.
Ability to communicate information to trading business and senior management.
Highly organized with attention to detail and an ability to analyze information.
Advanced knowledge of Excel, VBA and SQL.

Nice-to-have:
CPA / CFA

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.
Leaders who support your development through coaching and managing opportunities.
Work in a dynamic, collaborative, progressive, and high-performing team
Opportunities to do challenging work.
Flexible work/life balance options.

Job Skills
Active Learning, Adaptability, Business Appraisals, Critical Thinking, Customer Service, Decision Making, Effectiveness Measurement, Operational Delivery, Process Improvements
Additional Job Details
Address:
90 WESTERN PKY:BEDFORD
City:
Bedford
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
CAPITAL MARKETS
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2026-09-29
Application Deadline:
2026-10-29
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.
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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.