Associate Director, Credit Modeling - Toronto, Canada - Royal Bank of Canada

Royal Bank of Canada

Verified Company

Toronto, Canada

1 day ago

Posted by:

Sophia Lee

beBee Recruiter

Description

Job Summary

The Associate Director, Credit Modeling & Methodology will support the model development team responsible for developing credit risk models and analytics tools used in the measurement of Expected Credit Loss, Provision for Credit Losses, Allowance for Loan and Lease Losses as well as for Stress Testing purposes.

What is the opportunity?

This role will assist the Director, Credit Modeling & Methodology in various model development initiatives spanning from data engineering (in order to construct the modeling data), development of modeling methodologies, model testing and implementation.

What will you do?

Develop, document, and implement Credit Risk Models for use in IFRS9, CECL, CCAR, Stress Testing (EWST, MST).
Identify, communicate and troubleshoot modelling challenges, including related to data quality.
Deliver sound quantitative methodologies and the results from employing them.
Be agile in response to evolving model user requirements and competing priorities.
Conduct model development work with strong attention to detail; validate material model assumptions and limitations, and identify potential errors before they arise.
Present quantitative materials, concisely and accurately, internally as well as to key stakeholders.
Support Business Review, Model Validation, User-Acceptance Testing, Internal Audit and External Audit or Regulatory Review of Credit Risk Models.
Develop an organizational awareness, understanding process flows of data through model development through model users and impact to key business stakeholders.
Provide comprehensive documentation as a key component of the work product.

What do you need to succeed?

Must-have

Master's Degree in quantitative field of study or equivalent
Strong predictive modeling background and analytical problem solving skills
Strong communication skills
Effective in translating technical expertise into business language that drive insights

Nice-to-have

Experience in credit risk modelling; familiar with financial credit products and relevant regulatory guidelines (e.g. IFRS9)
Handson experience in SAS or similar tools; expertise with MS Office Suite.
Expertise in navigating an Enterprise Data Warehouse, experience with Hadoop environments, Python, R or other tools

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
Leaders who support your development through training and coaching
Work with a dynamic, collaborative team with ability to make a difference

Job Skills
Competitive Markets, Consulting, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, Risk Management

Additional Job Details

Address:

RBC CENTRE, 155

WELLINGTON ST W:

TORONTO

City:

TORONTO

Country:

Canada

Work hours/week:

37.5

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

Application Deadline:

Inclusion
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We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

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