Job Description

Job Summary The Senior Director, Credit Measurement & Analysis, will lead a team of quantitative and technical experts to develop and implement complex credit analytical tools and run technical production processes to support execution of RBC\xe2\x80\x99s stress testing programs.The successful candidate will have a unique opportunity to work on major strategic initiatives that will revolutionize RBC\xe2\x80\x99s risk management practices and enable the enterprise to remain agile in a world of constantly increasing regulatory standards, as this role will be responsible for the analytics and reporting of stress testing credit related projections across the enterprise, supporting a variety of internal and regulatory stress testing programs such as the EWST, MST, and CCAR programs.What is the opportunity?The Senior Director, Credit Measurement & Analysis, will lead a team of quantitative and technical experts to develop and implement complex credit analytical tools and run technical production processes to support execution of RBC\xe2\x80\x99s stress testing programs.The successful candidate will have a unique opportunity to work on major strategic initiatives that will revolutionize RBC\xe2\x80\x99s risk management practices and enable the enterprise to remain agile in a world of constantly increasing regulatory standards, as this role will be responsible for the analytics and reporting of stress testing credit related projections across the enterprise, supporting a variety of internal and regulatory stress testing programs such as the EWST, MST, and CCAR programs.We are looking for a well-rounded leader, with strong technical expertise, deep understanding of credit risk management covering IFRS 9, CECL, EWST, MST, and CCAR.What will you do?

• Oversee staff that develop, document, and implement the reporting and analytical systems to support stress testing related regulatory submissions, analytics and reporting, and ongoing quarterly stress testing results.
• Continually enhance and implement complex analytic tools such as loss aggregation engines, PCL forecasting / decomposition methodologies, and risk-weighted asset projections used to support stress testing and provisioning programs.
• Provide direction to ensure stress testing approaches keep pace with regulatory changes and business requirements.
• Provide quantitative stress testing analysis, concisely and accurately, to business and risk stakeholders, senior management, and regulators.
• Lead team to conduct data analysis with a strong attention to detail, execute relevant controls, and identify potential errors before they arise.
• Play a leadership role in the partnership with the business, model development, internal audit and external audit and regulatory review of credit risk models.
• Master an organizational awareness and network, partner outside of the group, leverage best practices, and articulate the value proposition of the team\xe2\x80\x99s models in RBC; teaches staff how to do this effectively.

What do you need to succeed?Must Have

• 10+ years of credit analytics experience within financial industry, including deep knowledge of ACL/PCL and credit RWA.
• Predictive Modelling, Statistical Programming; strong knowledge of SAS, SQL, and Python
• Familiarity with Retail and Wholesale banking products, with a focus on understanding their structure, macro/risk drivers, and evolution within the banking book
• Knowledge of regulatory stress testing programs, such as EWST, MST, CCAR
• Excellent communication skills and ability to present complex solutions in front of internal and external audiences/users and communicating those thoughts to people with various levels of technical expertise;
• Excellent analytical and problem-solving skills;
• Master\'s Degree in a quantitative discipline such as Finance, Statistics, Math, Computer Science, or Engineering

Nice-to-have

• Strong interpersonal and organizational skills with ability to manage multiple projects simultaneously.
• Building partnerships with business and functional unit clients
• Strategic business acumen

What\'s 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

Job Skills Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Market Risk, Operational Requirements, Operational Risks, Risk Management, Standard Operating Procedure (SOP)Additional Job DetailsAddress: RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2024-07-25Application Deadline: 2024-08-24Inclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.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 .

Royal Bank of Canada