Job Description

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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 Director, BFS Portfolio Risk Oversight, GRM



What is the Opportunity?
As part of the Group Risk Management team (GRM), the Director, BFS Portfolio Risk Oversight, GRM will manage a team responsible for providing valuable insights to senior leadership in risk and the business on the performance of the BFS portfolio and help promote a \xe2\x80\x9cBest of Class\xe2\x80\x9d risk oversight environment.

What will you do?

• Lead a team of analysts responsible for leveraging both internal and external data to prepare concise and insightful analysis to senior leadership (in both risk and the business) on top/emerging risks and key trends within the BFS portfolio.
• Help lead the ideation, preparation and presentation of materials for quarterly and mid-quarter Portfolio Management Committee meetings and monthly meetings with Group Executive level audiences.
• Provide thought leadership to enhance portfolio analytics and reporting through the use of leading edge analytics and statistical tools.
• Develop subject matter expertise in credit risk across a number of industries (Commercial Real Estate, Agriculture, Tech, Auto Finance, Healthcare etc.) and support various Industry Operating Committees.
• Oversee Stage 3 credit loss forecasting, planning and analytics to forecast potential credit losses in the portfolio under various conditions of stress.
• Highlight early warning signals of portfolio deterioration by leveraging existing models or building new tools to highlight areas of concern and make recommendations to senior management.
• Support the business across strategic initiatives by balancing risk vs. reward and spotting vulnerabilities and opportunities in the portfolio using a data driven approach.

What do you need to succeed?

• The ability to effectively translate analytically complex ideas into clear and concise insights and presentations.
• Strong relationship management and collaboration competencies (proven ability to lead cross-functional analytics and projects) and ability to influence and partner across the enterprise.
• Exceptional analytical and critical thinking skills with ability to develop targeted data-driven insights in support of business objectives
• Able to think strategically and leverage information from multiple sources along with a strong interest in data and a desire to hunt for solutions and find creative ways to solve problems
• Ability to execute decisions quickly in a fast-paced environment and communicate results to senior executives in GRM, BFS and across the enterprise.

Nice to Have

• Knowledge of Canadian commercial credit sectors, products, policies and procedures.
• Previous credit portfolio management experience (from a risk perspective).
• Communication: Strong written and oral communications skills to explain complex concepts, influence and build consensus.
• Interest in presenting and communicating deliverables to senior level stakeholders within the organization.
• Networking: Ability to build and utilize internal networks to assist in project completion with emphasis on effective collaboration and consideration of diverse perspectives.

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, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• 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
• Flexible work/life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Opportunities to building close relationships with clients
• Access to a variety of job opportunities across business and geographies
• The successful candidate will need to establish and maintain productive working relationships with Advisors and individuals at all levels, both internally and externally

Job Summary Performs statistical analyses and models development to support decision-making by running statistical strategies and working with various asset classes. Manages activities through senior managers and managers and implements corporate and divisional strategic plans and budgets.

Address: RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO

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: 2023-09-22

Application Deadline: 2023-10-10

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.

Royal Bank of Canada