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 Manager, Credit Modeling & Methodology



What is the Opportunity?

The Manager of Credit Modeling & Methodology will support senior modelers in the development of credit risk models. The models will be used to estimate Basel parameters (PD, LGD, EAD) for risk quantification and regulatory capital calculation. The Manager will be responsible for development of credit risk models for both wholesale and retail credit portfolios in the Credit Modeling & Methodology team within RBC Group Risk Management.

We are looking for a bright, committed, high-performing individual to become a key contributor in the development of our quantitative methodologies. We are a team that prides itself for 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?

• Support senior modelers in the development of statistical credit risk models from large datasets, including data analysis, writing and testing code, monitoring model performance, writing technical documentation, etc.
• Work closely with stakeholders to ensure models are fit for purpose.
• Provide Credit Methodology support to our Basel parameters estimation.
• Document RBC\xe2\x80\x99s credit risk modeling methodologies, frameworks, and practices.
• Wide scope for growth in other risk areas for the interested individuals. We tailor projects to the needs of RBC and the interests of team members.

What do you need to succeed?

Must-have

• Graduate degree in a quantitative disciplines such as statistics, economics, econometrics, finance, mathematics, physics, engineering and/or a relevant professional qualification, with concentration in quantitative methods. 2+ years of relevant business experience in risk management groups within the financial industry. Other business experience will be considered based on applicability.
• Strong conceptual, analytical, and problem solving skills. Ability to communicate, verbally and in writing, complex concepts to a non-technical audience
• Familiar with a range of programming and statistical modeling tools such as SAS, Python, or R.
• Knowledge and experience with robust data infrastructure of model development and analytics. Strong command of the database language such as SQL.
• Knowledge of credit risk methodology, including Basel parameter estimation and/or credit/market stress testing models is an asset.

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
• 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 Summary Develops and implements credit risk management systems and processes used to minimize credit risk. Applies experience and seasoned knowledge, skills, and practices to perform a variety of assignments.

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: 2023-02-14

Application Deadline: 2023-04-08

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