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Head of Strategy, RBC Insurance

Head of Strategy, RBC Insurance

RBC - Royal BankMississauga, ON
30+ days ago
Salary
CA$120,000.00–CA$150,000.00 yearly
Job description

Job Summary

Job Description

What is the opportunity?

This newly created Head of Strategy is a key leadership role within RBC Insurance (RBCI), responsible for building and driving strategy and accelerating our ongoing business transformation. Reporting to the Chief Digital, Data & Strategy Officer and serving as a trusted advisor to the Group Head, RBC Insurance, the role includes establishing and reporting on short, medium and long-term business and inorganic growth strategy. Additionally, it includes accountability for leading key strategic projects such as acquisitions, partnerships and various other business transformation initiatives. The Head of Strategy will work cross-functionally within and beyond RBCI to engage the right partners / stakeholders to effectively execute on these accountabilities.

What will you do?

  • Lead our annual planning process to monitor, evolve and articulate our corporate strategy, currently known within RBCI as "Realize 2026"
  • Lead monthly and quarterly Insurance business reporting (ie. MBR and QBR)
  • Establish and oversee a new quarterly business / functional unit QBR protocol and manage corresponding process
  • Assess, analyze and synthesize market trends, competitive landscape and industry developments
  • Identify and evaluate new business opportunities and growth areas for individual business units and the broader organization
  • Lead development and execution of growth strategy (both organic and inorganic), including M&A and strategic partnerships
  • Lead acquisition due diligence, business casing and negotiations
  • Lead integration planning and execution for acquisitions
  • For each acquired entity, set and achieve targets aligned to the relevant investment thesis and report on performance and integration status to Insurance Operating Committee and other RBC leaders.
  • Collaborate with internal teams, partners and stakeholders to support business transformation within RBC Insurance and across the enterprise

What do you need to succeed?

Must-Have :

  • Bachelor's degree in Business Administration, Finance, Economics or a related field
  • Minimum of 10 years of total business experience, with at least 5 of those years leading and building business strategy
  • Proven track record of successfully leading strategic projects, including acquisitions and partnerships
  • Strong analytical, financial, and strategic thinking skills
  • Ability to lead others effectively in a fast-paced, dynamic environment, engaging colleagues on the front line and executive suite with ease
  • Ability to quickly understand the Canadian insurance sector and regulatory environment
  • Nice to Have :

  • MBA or equivalent advanced degree
  • Experience working at a top tier Consulting firm in Strategy
  • What's in it for you?

  • A Total Rewards program that includes flexible benefits, work / life balance and career development programs and investment and retirement savings plans
  • Competitive pay and high-earning potential
  • All the tools, training, and team support you need to grow your business and career
  • Flexible work / life balance options
  • Sophisticated RBCI software tools to boost your productivity and grow your business
  • RBC Insurance is an organization that succeeds by bringing out the best in its people. You'll be part of a supportive, inclusive team that shares common values - including a fundamental respect for each other. At the heart of this is a commitment to diversity. RBC respects and responds to the many competing and evolving priorities in our lives - so you can focus on what you can do best - putting clients first.

    Job Skills

    Adapt Quickly, Always Learn, Adapt Quickly, Always Learn, Budgeting, Business Analytics, Business Case Design, Business Performance Management, Business Perspective, Competitive Markets, Consulting, Consulting Engagement Management, Cost-Benefit Analysis (CBA), Customer Relationship Management (CRM), Data Gathering Analysis, Decision Making, Drive to Impact, Effectiveness Measurement, Financial Analysis and Reporting, Financial Forecasting, Financial Planning and Analysis (FP&A), Insurance Industry, Leadership, Long Term Planning, Managerial Courage, New Challenges, Organizational Change Management {+ 13 more}