Manager, Credit Provisioning & Stress Testing, Economic Scenarios
Top Benefits
About the role
Job Description
What is the opportunity?
RBC is hiring a Manager for Credit Provisioning & Stress Testing analytics. The Manager will assist the execution of IFRS 9 & CECL provisioning and Stress Testing scenario development by conducting analysis of macroeconomic trends and portfolio characteristics and how they impact the allowance and capital calculations. You will support the Director, IFRS 9 & Test Testing Macroeconomic Scenarios in developing and generating reports and recommendations for oversight committees and senior management.
In this role and as part of the Credit Provisioning & Stress Testing team, there are unique opportunities to gain a birds-eye view into the inner workings of a large financial institution; learn finance, risk, and treasury concepts; employ data science skills; and learn how novel risks such as geopolitical tensions impact the Bank. The incumbent will maintain and develop requisite processes, SOX controls, and analyses in the areas of coverage supporting credit provisioning activities.
What will you do?
- Assist with executing tasks required to set annual and quarterly IFRS 9 & CECL scenarios. Execute tasks required either to reconfirm or reset quarterly scenario weighting for IFRS 9 scenarios.
- Develop the macroeconomic variable expansion tools required for Stress Testing. This includes historical data analysis, model development and validation.
- Prepare and summarize macroeconomic projections and compile full list of macroeconomic factors from relevant parties for Director’s review.
- Assist with preparing reports and analyses for RBC’s Allowance and Stress Testing Committees and senior executives, explaining/correlating reported expected credit loss (ECL) with forward-looking scenario parameters, and in identifying and explaining the trends and changes.
- Coordinate with key stakeholders such as RBC Economics, Finance, and other sub-groups within Group Risk Management for process execution.
- Work with the Credit Measurement System team to investigate, troubleshoot, and resolve any scenario-parameter related questions or issues, implement forward-looking scenario/parameter related methodology changes and enhancements.
- Assist the Director in drafting and compiling quarterly Financial Statement and Investor Relations disclosures as relating to IFRS 9 scenarios, assumptions, scenario weights and macroeconomic factors.
- Maintain up to date documentation for auditors and investor relations. Comply with all bank policies including SOX controls as appropriate.
- Keep abreast of macroeconomic, regulatory, accounting and other financial industry developments as they relate to RBC's credit provisioning (both wholesale and retail) and stress testing programs.
What do you need to succeed?
Must-have
- Solid understanding of banking and risk knowledge (wholesale or retail credit or both), with cross-functional capability Risk and Finance.
- 1+ years of work experience in economics, risk management or finance of a bank with AIRB approach.
- University degree in Economics, Finance, Business Administration or a quantitative discipline. Professional designation in Accounting, Finance, or Risk Management preferred, but not required – e.g. CPA, CFA, or FRM etc.
- Strong ability to communicate, verbally and in writing, complex concepts in non-technical terms to business segment Finance and senior business segment leaders.
- A thorough understanding of relevant accounting and regulatory rules and requirements (IFRS 9, CECL, Basel).
- Advanced proficiency with Excel, Python, SQL and PowerPoint.
- Advanced analytical, problem solving and time management skills.
- Strong understanding of banks’ balance sheets, P&L and capital.
Nice-to-have
- Graduate degree in a relevant field.
- Proficiency with a range of data tools, such as Tableau, Bloomberg Terminal, etc.
- CFA, FRM, CPA, or any finance- or risk-related professional designation/certification.
- 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, Economics), demonstrating strong teamwork, coordination, and people skills. Ability to develop and / or maintain a strong network of internal and external relationships to facilitate credit impairment decisioning.
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
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services
- Opportunities to do challenging work
Job Skills
Business Data Analysis, Communication, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, 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:
2025-10-08
Application Deadline:
2025-10-23
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay 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 jobs.rbc.com.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
Manager, Credit Provisioning & Stress Testing, Economic Scenarios
Top Benefits
About the role
Job Description
What is the opportunity?
RBC is hiring a Manager for Credit Provisioning & Stress Testing analytics. The Manager will assist the execution of IFRS 9 & CECL provisioning and Stress Testing scenario development by conducting analysis of macroeconomic trends and portfolio characteristics and how they impact the allowance and capital calculations. You will support the Director, IFRS 9 & Test Testing Macroeconomic Scenarios in developing and generating reports and recommendations for oversight committees and senior management.
In this role and as part of the Credit Provisioning & Stress Testing team, there are unique opportunities to gain a birds-eye view into the inner workings of a large financial institution; learn finance, risk, and treasury concepts; employ data science skills; and learn how novel risks such as geopolitical tensions impact the Bank. The incumbent will maintain and develop requisite processes, SOX controls, and analyses in the areas of coverage supporting credit provisioning activities.
What will you do?
- Assist with executing tasks required to set annual and quarterly IFRS 9 & CECL scenarios. Execute tasks required either to reconfirm or reset quarterly scenario weighting for IFRS 9 scenarios.
- Develop the macroeconomic variable expansion tools required for Stress Testing. This includes historical data analysis, model development and validation.
- Prepare and summarize macroeconomic projections and compile full list of macroeconomic factors from relevant parties for Director’s review.
- Assist with preparing reports and analyses for RBC’s Allowance and Stress Testing Committees and senior executives, explaining/correlating reported expected credit loss (ECL) with forward-looking scenario parameters, and in identifying and explaining the trends and changes.
- Coordinate with key stakeholders such as RBC Economics, Finance, and other sub-groups within Group Risk Management for process execution.
- Work with the Credit Measurement System team to investigate, troubleshoot, and resolve any scenario-parameter related questions or issues, implement forward-looking scenario/parameter related methodology changes and enhancements.
- Assist the Director in drafting and compiling quarterly Financial Statement and Investor Relations disclosures as relating to IFRS 9 scenarios, assumptions, scenario weights and macroeconomic factors.
- Maintain up to date documentation for auditors and investor relations. Comply with all bank policies including SOX controls as appropriate.
- Keep abreast of macroeconomic, regulatory, accounting and other financial industry developments as they relate to RBC's credit provisioning (both wholesale and retail) and stress testing programs.
What do you need to succeed?
Must-have
- Solid understanding of banking and risk knowledge (wholesale or retail credit or both), with cross-functional capability Risk and Finance.
- 1+ years of work experience in economics, risk management or finance of a bank with AIRB approach.
- University degree in Economics, Finance, Business Administration or a quantitative discipline. Professional designation in Accounting, Finance, or Risk Management preferred, but not required – e.g. CPA, CFA, or FRM etc.
- Strong ability to communicate, verbally and in writing, complex concepts in non-technical terms to business segment Finance and senior business segment leaders.
- A thorough understanding of relevant accounting and regulatory rules and requirements (IFRS 9, CECL, Basel).
- Advanced proficiency with Excel, Python, SQL and PowerPoint.
- Advanced analytical, problem solving and time management skills.
- Strong understanding of banks’ balance sheets, P&L and capital.
Nice-to-have
- Graduate degree in a relevant field.
- Proficiency with a range of data tools, such as Tableau, Bloomberg Terminal, etc.
- CFA, FRM, CPA, or any finance- or risk-related professional designation/certification.
- 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, Economics), demonstrating strong teamwork, coordination, and people skills. Ability to develop and / or maintain a strong network of internal and external relationships to facilitate credit impairment decisioning.
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
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- A world-class training program in financial services
- Opportunities to do challenging work
Job Skills
Business Data Analysis, Communication, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, 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:
2025-10-08
Application Deadline:
2025-10-23
Note**:** Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I****nclusion and Equal Opportunity Employment
At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.
Join our Talent Community
Stay 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 jobs.rbc.com.
About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.