Job Description

Come Work with Us!

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you\xe2\x80\x99re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.




































Job Title Associate Director, Credit Modeling & Methodology




































What is the Opportunity? As part of the Group Risk Management team, the Associate Director, Credit Modeling & Methodology will support the model development team responsible for developing credit risk models and analytics tools used in the measurement of Expected Credit Loss, Provision for Credit Losses, Allowance for Loan and Lease Losses as well as for Stress Testing purposes. This role will assist the Director, Credit Modeling & Methodology in various model development initiatives spanning from data engineering (in order to construct the modeling data), development of modeling methodologies, model testing and implementation. We are looking for a bright, committed, high-performing individual to become a key contributor on the model development team. The preferred candidate should have a quantitative background and will be a key contributor in model development processes. We are a team that prides itself in high quality work with significant impact across the bank and continuous interaction with other groups, senior management and regulators. Given the nature of our work, the opportunity to learn, grow and expand your network is significant. What will you do?

• Develop, document, and implement Credit Risk Models for use in IFRS-9, CECL, CCAR, Stress Testing (EWST, MST).
• Identify, communicate and troubleshoot modelling challenges, including related to data quality.
• Deliver sound quantitative methodologies and the results from employing them.
• Be agile in response to evolving model user requirements and competing priorities.
• Conduct model development work with strong attention to detail; validate material model assumptions and limitations, and identify potential errors before they arise.
• Present quantitative materials, concisely and accurately, internally as well as to key stakeholders.
• Support Business Review, Model Validation, User-Acceptance Testing, Internal Audit and External Audit or Regulatory Review of Credit Risk Models.
• Develop an organizational awareness, understanding process flows of data through model development through model users and impact to key business stakeholders.
• Provide comprehensive documentation as a key component of the work product.

What do you need to succeed? Must-have

• Master\xe2\x80\x99s Degree in quantitative field of study or equivalent
• Strong predictive modeling background and analytical problem solving skills
• Strong communication skills
• Effective in translating technical expertise into business language that drive insights

Nice-to-have

• Experience in credit risk modelling; familiar with financial credit products and relevant regulatory guidelines (e.g. IFRS9)
• Hands-on experience in SAS or similar tools; expertise with MS Office Suite.
• Expertise in navigating an Enterprise Data Warehouse, experience with Hadoop environments, Python, R or other tools

What\xe2\x80\x99s 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, and competitive compensation
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater accountabilities
• Leaders who support your development through coaching and managing opportunities
• Flexible work/life balance options
• Opportunities to develop People Management skills

Job Summary The Associate Director, Credit Modeling & Methodology will support the model development team responsible for developing credit risk models and analytics tools used in the measurement of Expected Credit Loss, Provision for Credit Losses, Allowance for Loan and Lease Losses as well as for Stress Testing purposes.

This role will assist the Director, Credit Modeling & Methodology in various model development initiatives spanning from data engineering (in order to construct the modeling data), development of modeling methodologies, model testing and implementation.

We are looking for a bright, committed, high-performing individual to become a key contributor on the model development team. The preferred candidate should have a quantitative background and will be a key contributor in model development processes. We are a team that prides itself in high quality work with significant impact across the bank and continuous interaction with other groups, senior management and regulators. Given the nature of our work, the opportunity to learn, grow and expand your network is significant.




































Address: TORONTO, Ontario, Canada




































City: CAN-ON-TORONTO




































Country: Canada




































Work hours/week: 37.5




































Employment Type: Full time




































Platform: Group Risk Management




































Job Type: Regular




































Pay Type: Salaried




































Posted Date: 2023-01-30-08:00




































Application Deadline: 2023-02-18-08:00







































































Inclusion and Equal Opportunity Employment At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.




































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Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at rbc.com/careers.