Associate Director, Risk Measurement And Analytics

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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’re 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

Associate Director, Risk Measurement and Analytics

What is the Opportunity?

This is a lead risk measurement and analytics role in the areas of loan loss provisions, stress testing and ICAAP within Group Risk Management Caribbean Banking. Your primary responsibility is to ensure the analytics and production processes in these areas are appropriate, correct and executed on-time; so that management, auditors, and regulators receive accurate and complete information/analysis. Compliance with IFRS-9 accounting standards and internal policies is required.

As a risk measurement and credit analytics expert, this role assists senior management in the understanding of impaired loans, losses, and risks in the credit portfolio. This position is located in Toronto, Ontario and is part of the GRM Caribbean Banking.

What will you do?

• Work collaboratively with the broader Risk Measurement team in the development of models, overlays, analytical capabilities, data systems, testing exercises and other activities needed to support activities conducted by the Risk Measurement and Stress Testing Analytics team.
• Responsible for the development and execution of the ICAAP frameworks, including development of analytical approaches, reports, and submissions to regional Boards and regulators.
• This is a lead role in the Risk Measurement and Analytics team, covering the areas of IFRS-9 loan loss provisions, ICAAP and stress testing.
• Support the automation of reporting capabilities across GRM Caribbean Banking; including the process used for financial reporting, delinquency and regulatory reports; as required.
• Design and Implement controls around IFRS-9 measurement activities.
• Responsible for the production environment (currently SAS engine) that is used for the calculation of the IFRS-9 allowance for impaired and performing loans, including implementation of models and working on the design, implementation and testing of quantitative approaches for model overlays.
• Responsible for the development and execution of the stress testing framework of GRM Caribbean Banking; including analytics and reports. Set proper linkages to enterprise for the purpose of Enterprise Wide Stress Testing exercises.
• Responsible for generating and preparing material for the Allowance Committee presentation deck and financial reporting; including sharing context, insights on the portfolio, and working with the Chair of the Allowance Committee in presenting the material to committee members.

What do you need to succeed?

Must-have:

• 3+ years of analytical experience with a financial institution. Other industry experience will be considered based on applicability
• Graduate degree in a quantitative discipline such as economics, econometrics, finance, statistics, mathematics, physics, engineering and/or a relevant professional qualification, with concentration in quantitative methods
• Knowledge on credit risk methodology
• Strong conceptual, analytical, and problem solving skills. Ability to manage complex and challenging processes
• Knowledge of databases structure and management (SQL, SAS, etc.)
• Knowledge of at least two statistical/numerical software programs which must include either Python and/or SAS. Other software can include R, Matlab, STATA, E-Views (among others).

Nice-to-have:

• Knowledge in the areas of stress testing, predictive models and probability distributions, macroeconomics, and international finance is an asset
• Exposure to more than one of the following risk methodology areas: capital markets and trading, credit risk, structural interest rate risk, liquidity risk, and Basel capital measures
• Familiarity with RBC’s existing data and infrastructure is preferred, though not required

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.

• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Leaders who support your development through coaching and managing opportunities
• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation

Job Summary

Monitors market risk and implements risk management systems and processes to minimize any risk to the market. Applies extensive, in-depth knowledge, skills, and practices to perform complex 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:

2023-05-11

Application Deadline:

2023-05-27

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.