Top Benefits
About the role
Job Description
What is the opportunity?
The Associate Director, Stress Testing Reporting will assist the Director, Enterprise Stress Testing Analytics in managing the activities of the credit stress testing team by providing expert analysis, technical solutions, and guidance on RBC’s banking book loss estimation under the bank’s enterprise stress testing activities, including the Macro Stress Test (MST), Enterprise Wide Stress Test (EWST), and Comprehensive Capital Analysis and Review (CCAR) programs.
This incumbent will work with stakeholders from GRM, Finance, Treasury, IT to develop/enhance credit portfolio stress testing measurement and reporting processes, controls, and infrastructure, while ensuring compliance to internal and external requirements to meet stress testing reporting standards under Canadian and US regulations.
What will you do?
- Implement and execute reporting analytics and procedures required for reporting ACL (Allowance for Credit Losses), PCL (Provisions for Credit Losses), and RWA (Risk Weighted Assets) under the banking book portfolio for stress testing programs.
- Own and execute the reporting processes, maintain, and enhance process efficiencies to reduce operational risks. As the subject matter expert on credit provisioning and loss metrices ACL/PCL, you will be interacting with model implementation teams to understand the data lineage required for downstream reporting of stress testing results.
- Work with stress testing teams to implement the reporting and analytical systems to support regulatory submissions and supporting team though the ongoing annual and quarterly stress tests under MST and EWST programs.
- Effectively manage the reporting of stress testing results, including presentations to the senior management and stakeholders.
- Aid in the design, implementation, and execution of specific processes and/or controls to operationalize the functionality of the team where needed.
- Lead remediation effort and plan for control/compliance issues identified by management, internal and external auditors.
- Anticipate, and be able to answer, both written and verbally, nearly all substantive questions related to the work of their team to internal and external stakeholders, including the respective regulators.
- Independently validate stress testing results and ensure adequate governance over processes.
What do you need to succeed?
Must-have
- A degree in an analytical discipline such as statistics, mathematics, or economics, and relevant professional experience in quantitative methods, finance, or risk management.
- 3+ years of experience with analytical work with a financial institution. Other industry experience will be considered based on applicability.
- Cross-functional capability, with good business, risk, and regulatory requirement knowledge in more than one of the following risk areas: market or trading risk, credit risk, structural interest rate risk, and liquidity risk.
- Experience understanding data and related analysis including expertise in programming languages such as SAS and Python.
- Experienced in working with Internal and External Auditors.
- Knowledge of Credit Risk modelling concepts and their application
Nice-to-have
- Prior experience preferred in stress testing or cross-functional coordination within a risk subject matter expert role.
- Ability to quickly grasp new concepts, especially in the field of risk management and finance/accounting (e.g. EWST, CCAR).
- Ability to tailor analysis to required level of precision.
- Ability to communicate, verbal and in writing, complex concepts to a non-technical audience.
- Strong risk and controls mindset.
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
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:
2025-11-25
Application Deadline:
2025-12-06
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.
Top Benefits
About the role
Job Description
What is the opportunity?
The Associate Director, Stress Testing Reporting will assist the Director, Enterprise Stress Testing Analytics in managing the activities of the credit stress testing team by providing expert analysis, technical solutions, and guidance on RBC’s banking book loss estimation under the bank’s enterprise stress testing activities, including the Macro Stress Test (MST), Enterprise Wide Stress Test (EWST), and Comprehensive Capital Analysis and Review (CCAR) programs.
This incumbent will work with stakeholders from GRM, Finance, Treasury, IT to develop/enhance credit portfolio stress testing measurement and reporting processes, controls, and infrastructure, while ensuring compliance to internal and external requirements to meet stress testing reporting standards under Canadian and US regulations.
What will you do?
- Implement and execute reporting analytics and procedures required for reporting ACL (Allowance for Credit Losses), PCL (Provisions for Credit Losses), and RWA (Risk Weighted Assets) under the banking book portfolio for stress testing programs.
- Own and execute the reporting processes, maintain, and enhance process efficiencies to reduce operational risks. As the subject matter expert on credit provisioning and loss metrices ACL/PCL, you will be interacting with model implementation teams to understand the data lineage required for downstream reporting of stress testing results.
- Work with stress testing teams to implement the reporting and analytical systems to support regulatory submissions and supporting team though the ongoing annual and quarterly stress tests under MST and EWST programs.
- Effectively manage the reporting of stress testing results, including presentations to the senior management and stakeholders.
- Aid in the design, implementation, and execution of specific processes and/or controls to operationalize the functionality of the team where needed.
- Lead remediation effort and plan for control/compliance issues identified by management, internal and external auditors.
- Anticipate, and be able to answer, both written and verbally, nearly all substantive questions related to the work of their team to internal and external stakeholders, including the respective regulators.
- Independently validate stress testing results and ensure adequate governance over processes.
What do you need to succeed?
Must-have
- A degree in an analytical discipline such as statistics, mathematics, or economics, and relevant professional experience in quantitative methods, finance, or risk management.
- 3+ years of experience with analytical work with a financial institution. Other industry experience will be considered based on applicability.
- Cross-functional capability, with good business, risk, and regulatory requirement knowledge in more than one of the following risk areas: market or trading risk, credit risk, structural interest rate risk, and liquidity risk.
- Experience understanding data and related analysis including expertise in programming languages such as SAS and Python.
- Experienced in working with Internal and External Auditors.
- Knowledge of Credit Risk modelling concepts and their application
Nice-to-have
- Prior experience preferred in stress testing or cross-functional coordination within a risk subject matter expert role.
- Ability to quickly grasp new concepts, especially in the field of risk management and finance/accounting (e.g. EWST, CCAR).
- Ability to tailor analysis to required level of precision.
- Ability to communicate, verbal and in writing, complex concepts to a non-technical audience.
- Strong risk and controls mindset.
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
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:
2025-11-25
Application Deadline:
2025-12-06
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.