Summary
Work History
Education
Skills
Timeline
Generic

Joseph Epstine

Finance
Warkworth,ON

Summary

Accomplished and charismatic Business Management professional with 15+ years of varied and in-depth experience in creating and managing financial budgets, financial analysis, financial reporting and metric reporting for portfolios of up to $600MM. Proven track record for cultivating trust and rapport with Business partners to build and maintain strong relationships as a trusted advisor. Passion for producing value-added financial analysis that enables Business partners to make the best possible decisions. Consistent success in uniting teams and driving decision making. Mentor and advocate for junior team members resulting in career growth.

Work History

Director Business Management DHS

RBC Royal Bank
01.2019 - Current
  • Management Office, Distributed Hosting Services (DHS)
  • Create and manage budget for Distributed Hosting Services (UNIX/WIN/Storage/Virtual/AIX/Tooling) globally. Annual Operating Plan of $200MM and $500MM in capital spend by creating, with key stakeholders the fiscal bottom-up plan including direct expense, FTE, Capital Expense and recoveries with a team of 4
  • Manages all communications including Town Halls, VP announcements, FTE movements, KPI reporting, help spearhead cost allocations. Conduct regular meetings with budget stakeholders to ensure forecast is within tolerance and anomalies are identified/corrected and to accurately forecast asset requirements and ensure alignment to strategic direction and core initiatives
  • Provide thought leadership to drive new cost savings idea’s and identify current savings not being captured with DHS, PMO and Finance

Senior Manager

RBC Royal Bank
03.2018 - 11.2018
  • Finance Advisory, T&O Finance
  • End to end financial oversight for Global Hosting through: financial planning, budgeting and forecasting ($600MM portfolio), monthly monitoring, reporting and variance analysis, opportunity spotting and validation of cost/efficiency management initiatives, new business case analysis, tracking of approved business case spend (project tracking) and spend with large vendors (contracts)
  • Responsible for assisting businesses in sizing and implementing strategies, projects, and initiatives to enhance transparency and governance over IT infrastructure spend
  • Tasked with identifying and understanding cost drivers generated by towers including but not limited to volume growth comparison to cost growth and establishing metrics surrounding such drivers to track business performance
  • Work independently to identify governance, efficiency management, financial process issues and proactively work to address them by engaging cross-functional expertise as required
  • Proactively look for ways for automation, standardization and removing any redundancies in financial processes within Finance and GTI

Senior Financial Analyst

CIBC Bank
01.2014 - 01.2018
  • Established $130MM budget and all financial analysis for Retail Operations portfolio that supports all 1,110 CIBC branches across Canada as well as e-channel platforms
  • Trusted advisor to senior management of Retail Operations to identify financial challenges and opportunities and ensure financial well -being of their portfolio
  • Support Retail Operations leadership team on balancing their individual portfolios, negotiating plan transfers and funding to support business needs
  • In depth analysis of financials in order to identify trends, risks and positions of strength in their financial results
  • Work with Controllers to ensure that all reporting meets stringent IFRS and SOX requirements
  • Synthesize and present monthly financial results to Retail Operations leadership team
  • Drive allocation model for distribution of Retail Operations costs to revenue generating business lines
  • Champion CIBC Continuous Improvement initiative for Technology & Operations Finance to inspire and encourage opportunities to increase efficiencies and productivity

Director

CIBC Bank
01.2013 - 01.2014
  • Managed all program and project finances for Credit Card products division ($100MM+ portfolio), including transitioning from Aeroplan to in house Aventura card, and co-branded cards such as Tim Horton’s and TELUS
  • Re-engineered financial reporting hierarchy for transition from Aeroplan to “uplifted” Aventura card to enable automated consolidation of financial reporting across all projects and work packages
  • Created enhanced financial models for each work package to transition from Aeroplan to enable analysis of project spend and variances including AVI reporting that went to entire industry
  • Created and presented monthly analyst view items report to senior management team up to Executive Director level

Director- End to End Process Management Finance

CIBC Bank
10.2011 - 03.2012
  • Developed and maintained working model with the mandate to map processes and costs for all Retail Lending products with the objective of improving the client experience, recognizing efficiencies, and lowering operating costs
  • Created financial model to calculate the cost of a Mortgage application and Real-Estate Secured Loan (RESL) application from origination to post fulfillment, including methodology for calculations, which was leveraged to illustrate financial benefits when business processes were modified or streamlined

Director Finance, Corporate CFO

CIBC Bank
01.2009 - 01.2012
  • Managed a $250MM budget and all financial analysis for the Client and Business Services division of Technology Infrastructure, which included Call Center, Field Services, Tier 2 Support, Expense & Contract Management and Intria Service Delivery
  • Managed staff of three whose responsibilities included financial planning, rolling forecasting and budget management for said Lines of Business in technology
  • Managed consolidation of financial reporting across the whole of Technology Infrastructure ($615MM portfolio and $81MM Capital), including annual and quarterly budgets, rolling monthly forecast, and monthly financial results package
  • Ad hoc analysis with senior management to ensure the best decision possible is made.
  • Set clear departmental objectives and developed effective strategies to achieve targeted goals

Education

Master of Business Administration - Finance

Iona College / The Hagan School of Business
New Rochelle, New York
07.1998

Bachelor of Arts - Political Science

Queens College / The City University of New York
Flushing, New York
06.1987

Skills

  • Talent Development
  • Budget Oversight
  • Partnership Development
  • Data Analytics
  • Strategic Planning
  • Supervision and Leadership
  • Analytical and Critical Thinking
  • Relationship Building
  • Organization
  • Microsoft Office
  • Teamwork and Collaboration
  • Budget Forecasting
  • Performance Analysis
  • Financial Management
  • Financial Modeling
  • Cost Savings
  • P&L Analysis

Timeline

Director Business Management DHS

RBC Royal Bank
01.2019 - Current

Senior Manager

RBC Royal Bank
03.2018 - 11.2018

Senior Financial Analyst

CIBC Bank
01.2014 - 01.2018

Director

CIBC Bank
01.2013 - 01.2014

Director- End to End Process Management Finance

CIBC Bank
10.2011 - 03.2012

Director Finance, Corporate CFO

CIBC Bank
01.2009 - 01.2012

Master of Business Administration - Finance

Iona College / The Hagan School of Business

Bachelor of Arts - Political Science

Queens College / The City University of New York

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Joseph EpstineFinance