Royal Bank of Canada
Job title:
Senior Manager, Collection Credit Strategy
Company
Royal Bank of Canada
Job description
Job Summary As Senior Manager in Loss Mitigation Credit Strategy team, you are primarily responsible for developing and maintaining pre-delinquency Triage and Collection credit strategies for Retail and Small Business Financing portfolio. You will use advanced analytics to derive insights and lead cross-functional projects to optimize Collection resources and reduce credit losses.Job DescriptionWhat is the opportunity?As Senior Manager in Loss Mitigation Credit Strategy team, you are primarily responsible for developing and maintaining pre-delinquency Triage and Collection credit strategies for Retail and Small Business Financing portfolio.You will use advanced analytics to derive insights and lead cross-functional projects to optimize Collection resources and reduce credit losses.What will you do?
- Develop Collections and Triage strategy for multiple Retail and Business lending portfolio, using data-driven approach and analytical tools.
- Collaborate with Collections and Operational teams, lead analytical projects to optimize operational resource allocation and achieve PCL reduction.
- Monitor portfolio, proactively identify upcoming stress related to Collections, recommend actionable insight for key stakeholders, including Products and Group Risk Management.
- Lead meetings with stakeholders from Group Risk Management, Products and Collection to:
- Understand and propose new strategies designed to help achieve business targets.
- Obtain approval of credit strategies with concise rationale supported by comprehensive analysis and documentation.
- Partner with implementation teams to operationalize strategy solutions.
What do you need to succeed?Must-have
- 5+ years of experience performing advanced analytics or data science. Strong analytical and problem solving skills.
- Proficient technical knowledge of data querying and programming tools such as SQL, SAS, Python; data visualization tools such as Tableau
- Strong interpersonal, communication and presentation skills, with the ability to create and articulate a compelling business case to senior management and other stakeholders
- Demonstrated track record of thought leadership and cross-functional collaboration
- Undergraduate degree in Economics, Business, Statistics, Engineering or other quantitative fields of study, and/or MBA
Nice-to-have:
- Experience in financial services industry with understanding of risk management, credit strategy
- Prior experience in Collections and Personal Financing products
- Experience working with big data, Data Lake
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 Strategies, Critical Thinking, Python (Programming Language), SAS, Strategic Thinking, Structured Query Language (SQL)Additional Job DetailsAddress: RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2025-03-10Application Deadline: 2025-03-22Note: 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
Wed, 12 Mar 2025 08:16:24 GMT
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