Royal Bank of Canada
Job title:
Director, Credit Risk Measurement
Company
Royal Bank of Canada
Job description
Job SummaryJob DescriptionWhat is the opportunity?
As part of the Credit Stress Testing & Analytics team, the Director, Credit Risk Measurement leads the implementation and execution of credit risk models used in the measurement of stress testing credit risk and loss projections, and is responsible for the development, enhancement and maintenance of tools that support a variety of internal and regulatory stress testing programs such as EWST, MST, and ICAAP.What will you do?
- Support the execution of regulatory stress tests with a specific focus on process execution, controls and validation.
- Provide constructive challenge and quality assurance on the credit stress testing production process.
- Ensure alignment to regulatory stress testing guidelines.
- Support the execution of ad-hoc stress testing requests from senior management and external regulators.
- Play a leadership role in the partnership with the Business, Model Implementation and Production, Internal Audit, External Audit and Regulatory Review of Credit Risk Models.
- Act as a point of contact for downstream users to gather requirements and provide analysis.
- Communicate stress testing results and model projections to the Senior Director, Credit Stress Testing & Analytics, and other stakeholders
- Act as a key contact for various stakeholders to resolve identified issues and proactively address emerging issues.
- Support the enterprise stress testing process through analytics and documentation of key model performance metrics.
- Assist in the development of tools and capabilities to support qualitative overlays and benchmark analysis.
Must Have:
- 7+ years of relevant work experience
- University degree in a quantitative discipline such as Finance, Statistics, Economics, Math, Computer Science, or Engineering.
- Strong understanding of credit risk modelling and forecasting techniques
- Experience with stress testing programs such as EWST, MST, CCAR
- Experience with credit products in the financial industry
- Experience managing highly specialized teams and/or complex projects
- Excellent analytical and problem-solving skills
- Experience with SAS and Python programming
Nice-to-Have:
- Understanding of market/liquidity/operational risk for stress testing.
- Master’s/PhD degree
- FRM/CFA designation
What is in it for you?
We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed 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
- 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: 2024-12-19Application Deadline: 2025-01-11Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion 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 .
Expected salary
Location
Toronto, ON
Job date
Sat, 21 Dec 2024 08:05:27 GMT
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