Job title: Director, Credit Provisioning Analysis & Measurement (12 Months Contract)
Company: Royal Bank of Canada
Job description: Job Summary Performs statistical analyses and models development to support decision-making by running statistical strategies and working with various asset classes. Manages activities through senior managers and managers and implements corporate and divisional strategic plans and budgets.Job DescriptionWhat is the opportunity?As part of the Group Risk Management team (GRM), the Director, Credit Provisioning Analysis and Measurement will be responsible for managing RBC’s credit provisioning analysis (both retail and wholesale), reporting and communication function under IFRS 9 and working with the credit provisioning teams to understand credit provisions results.The Director will report to the Sr Director, IFRS 9 Governance & Report.What will you do
- Manage RBC’s credit provisioning analysis (both retail and wholesale), reporting (including input to enterprise/segment financial forecast/plan), and communication function under IFRS 9, meeting the needs of internal and external stakeholders.
- Work with the credit provision modeling and methodology teams to understand credit provision results and assumptions, provide subject matter content for ongoing enhancement of the methodologies in use.
- Lead the effort around the analytics in support of the incremental scenario level analysis within the team and conduct adhoc analysis to support credit provisioning decisions.
- Maintain strong communication with functional and business partners for timely identification and escalation of issues affecting credit provisioning results.
- Provide business and risk subject matter content and analysis for communication on credit impairment issues and information.
- Engage appropriate functional and business committees and partners; and enhance credit provisioning analytics to inform portfolio decisioning at enterprise level.
- Ensure requisite processes are maintained and their execution adequately documented, with internal management and / or SOX controls as appropriate.
- Support GRM-Enterprise Risk’s broader mandate in articulating RBC’s risk appetite, setting limits, and carrying out enterprise-wide stress testing, as related to loan portfolio analytics.
- Keep abreast of macroeconomic, regulatory, accounting and other financial industry developments as they relate to RBC’s credit provisioning (both wholesale and retail).
- Understand RBC vision, as well as support and reinforce targeted behaviors that contribute to RBC goals.
- Provide focus and clarity in establishing individual goals, driving performance management, and supporting career development.
- Leverage the value in unit, department, and enterprise wide teams to develop better solutions and achieve a cross enterprise mindset.
- Critical to the implementation and continued enhancement of RBC’s credit provisioning (under IFRS 9).
- As a senior member of the CPAM group, engage other senior members of the team to build and maintain monthly execution/production of IFRS 9 provision, with enterprise and business segment PnL implications.
- Deals with complex and material issues at enterprise level, with significant organizational impact (P&L, understanding portfolio dynamics and informing relevant portfolio decisioning)
- Risk Management and Finance executives (SVPs, VP) and senior committees (e,g. Allowance Committee)
- Functional (Economics, Risk, Finance) and business (Capital Markets, Canadian Banking, Wealth Management, City National) leaders and teams.
- Regulatory & supervisory authorities (e.g. OSFI, Bank of Canada), and external audit.
Must-Have
- Strong banking and risk knowledge (wholesale or retail credit or both), with cross-functional capability Risk and Finance; minimum 8yrs+ work experience.
- Strong quantitative understanding of credit models required, along with proficiency in programming (SAS/SQL/Python)
- Graduate degree preferred in an analytical discipline such as Finance, Statistics, Mathematics, or Economics; or a combination of a quantitative undergraduate degree combined with an MBA, or CPA
- Strong ability to communicate, verbally and in writing, complex concepts in non-technical terms to business segment Finance and senior business segment leaders.
- Demonstrated self-starter who can tailor analysis to required level of precision (i.e. identify 80/20 answers).
- Quick learner with outstanding conceptual, analytical, and problem solving skills, with an ability to lead a team to work towards challenging deadlines and deliver under pressure.
- Works well with cross-functional teams (Risk, Finance), demonstrating strong teamwork, coordination, and people skills.
- Ability to develop and maintain a strong network of internal and external relationships to facilitate credit analysis decisioning.
- A thorough understanding of relevant accounting and regulatory rules and requirements (IFRS 9, Basel) preferred.
Nice-to-have
- In-depth knowledge of RBC Risk Policies, procedures & practices, Folios, etc.
- Proficiency with Bank technology
- Proficiency in financial modelling
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, 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 accountability
Job Skills Credit Risk Management, Credit Risk Modeling, Credit Risk Review, Credit Risks, Critical Thinking, Economic Analysis, Financial Instruments, Quantitative MethodsAdditional Job DetailsAddress: RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: Contract (Fixed Term)Pay Type: SalariedPosted Date: 2025-03-04Application Deadline: 2025-03-15Note: 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: Thu, 06 Mar 2025 00:22:27 GMT
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