Associate Director, Credit Modeling & Methodology
Top Benefits
About the role
What is the opportunity?
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.
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.
We are looking for a bright, committed, high-performing individual to become a key contributor on the model development team. The preferred candidate should have a quantitative background and will be a key contributor in model development processes. We are a team that prides itself in high quality work with significant impact across the bank and continuous interaction with other groups, senior management and regulators. Given the nature of our work, the opportunity to learn, grow and expand your network is significant.
What will you do?
- Develop, document, and implement Credit Risk Models for use in IFRS-9, 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
- 3-5 years of experience in credit risk modelling; familiar with financial credit products and relevant regulatory guidelines (e.g. IFRS9).
- Strong predictive modeling background and analytical problem-solving skills
- Strong communication skills
- Effective in translating technical expertise into business language that drive insights
- Hands-on experience in SAS, Python or similar tools; expertise with MS Office Suite.
Nice-to-have
- Expertise in navigating an Enterprise Data Warehouse
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
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.
Associate Director, Credit Modeling & Methodology
Top Benefits
About the role
What is the opportunity?
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.
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.
We are looking for a bright, committed, high-performing individual to become a key contributor on the model development team. The preferred candidate should have a quantitative background and will be a key contributor in model development processes. We are a team that prides itself in high quality work with significant impact across the bank and continuous interaction with other groups, senior management and regulators. Given the nature of our work, the opportunity to learn, grow and expand your network is significant.
What will you do?
- Develop, document, and implement Credit Risk Models for use in IFRS-9, 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
- 3-5 years of experience in credit risk modelling; familiar with financial credit products and relevant regulatory guidelines (e.g. IFRS9).
- Strong predictive modeling background and analytical problem-solving skills
- Strong communication skills
- Effective in translating technical expertise into business language that drive insights
- Hands-on experience in SAS, Python or similar tools; expertise with MS Office Suite.
Nice-to-have
- Expertise in navigating an Enterprise Data Warehouse
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
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.