Top Benefits
About the role
Job Description
What is the opportunity?
As a Director, Rating Methodologies in our Group Risk Management Wholesale credit team, you will lead a team responsible for managing risk criteria papers (RCP) which are used to assign probability of default to bank’s non-scored corporate clients. You will also act as a liaison between credit parameter’s team and credit risk managers to ensure credit parameters such loss given default (LGD) and exposure at default (EAD) remain fit for purpose. You will also help manage interactions with regulators and auditors to ensure robust governance is in place for these credit parameters.
What will you do?
- Analyze existing RCPs to identify opportunities to improve calibration of risk drivers by liaising with industry teams and Enterprise Model Risk Management (EMRM). Deliver validation findings and elicit feedback and remediation action plans / solutions from model stakeholders.
- Act as point person for regulators and internal audit and field questions on conceptual soundness of Wholesale criteria paper models and their inputs, accuracy, sensitivity, back testing, benchmarking etc.
- Ensure project and risk objectives are accomplished within approved timeframes and complied with regulatory requirements, model risk policy and model operating standards
- Perform a wide range of data reconciliations and analyses, e.g. organizing, interpreting and analyzing data using various statistical techniques catered for validation purposes
- Lead a high performing team and provide focus and clarity in establishing individual goals, driving performance management, supporting career development and rewarding strong performance
- Complete ad hoc analytical or empirical projects regarding LGDs.
- Leverage Gen AI concepts to improve wholesale rating workflow processes
What do you need to succeed?
Must-Haves
- 7+ years of analytical and quantitative experience with a financial institution, in a related role such as a risk manager, a model developer/validator or data miner/analyst
- Strong familiarity with design, development, and/or application of credit risk rating methodologies
- Graduate degree in Business Administration, Finance, Economics, or a quantitative discipline
- Exposure to credit risk system design and Basel parameter estimation
- Strong interpersonal and teamwork skills
- Strong conceptual, analytical, detailed oriented and problem solving skills
- Strong computer skills (SQL, Python and Microsoft Office Suite required; Tableau skills preferred)
- Execute with urgency while maintaining quality and efficiency
- Adapt to shifting priorities, coupled with a sense of urgency
Nice-to-Haves:
- CFA, CPA, or FRM designations
- Understand various data systems (e.g. Newton/CNB Newton, CCMS, CMS, Probe, Axiom, EBR, ESN, WCRD etc.) structures/processes and how they affect inputs and outputs of credit risk modelling/validation data
- Ability to communicate, verbally and in writing, complex concepts to a non-technical audience
- Ability to work in Unix, Teradata Data Warehouse and/or Data Lake environments
- Ability to work with numerous data and IT infrastructures
- Proactive learning and working skills
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 and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Flexible work/life balance options
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
Job Skills
Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Market Risk, Operational Requirements, Operational Risks, Risk Management, Standard Operating Procedure (SOP)
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST: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:
2025-10-09
Application Deadline:
2025-10-24
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?
As a Director, Rating Methodologies in our Group Risk Management Wholesale credit team, you will lead a team responsible for managing risk criteria papers (RCP) which are used to assign probability of default to bank’s non-scored corporate clients. You will also act as a liaison between credit parameter’s team and credit risk managers to ensure credit parameters such loss given default (LGD) and exposure at default (EAD) remain fit for purpose. You will also help manage interactions with regulators and auditors to ensure robust governance is in place for these credit parameters.
What will you do?
- Analyze existing RCPs to identify opportunities to improve calibration of risk drivers by liaising with industry teams and Enterprise Model Risk Management (EMRM). Deliver validation findings and elicit feedback and remediation action plans / solutions from model stakeholders.
- Act as point person for regulators and internal audit and field questions on conceptual soundness of Wholesale criteria paper models and their inputs, accuracy, sensitivity, back testing, benchmarking etc.
- Ensure project and risk objectives are accomplished within approved timeframes and complied with regulatory requirements, model risk policy and model operating standards
- Perform a wide range of data reconciliations and analyses, e.g. organizing, interpreting and analyzing data using various statistical techniques catered for validation purposes
- Lead a high performing team and provide focus and clarity in establishing individual goals, driving performance management, supporting career development and rewarding strong performance
- Complete ad hoc analytical or empirical projects regarding LGDs.
- Leverage Gen AI concepts to improve wholesale rating workflow processes
What do you need to succeed?
Must-Haves
- 7+ years of analytical and quantitative experience with a financial institution, in a related role such as a risk manager, a model developer/validator or data miner/analyst
- Strong familiarity with design, development, and/or application of credit risk rating methodologies
- Graduate degree in Business Administration, Finance, Economics, or a quantitative discipline
- Exposure to credit risk system design and Basel parameter estimation
- Strong interpersonal and teamwork skills
- Strong conceptual, analytical, detailed oriented and problem solving skills
- Strong computer skills (SQL, Python and Microsoft Office Suite required; Tableau skills preferred)
- Execute with urgency while maintaining quality and efficiency
- Adapt to shifting priorities, coupled with a sense of urgency
Nice-to-Haves:
- CFA, CPA, or FRM designations
- Understand various data systems (e.g. Newton/CNB Newton, CCMS, CMS, Probe, Axiom, EBR, ESN, WCRD etc.) structures/processes and how they affect inputs and outputs of credit risk modelling/validation data
- Ability to communicate, verbally and in writing, complex concepts to a non-technical audience
- Ability to work in Unix, Teradata Data Warehouse and/or Data Lake environments
- Ability to work with numerous data and IT infrastructures
- Proactive learning and working skills
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 and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Flexible work/life balance options
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
Job Skills
Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Market Risk, Operational Requirements, Operational Risks, Risk Management, Standard Operating Procedure (SOP)
Additional Job Details
Address:
ROYAL BANK PLAZA, 200 BAY ST: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:
2025-10-09
Application Deadline:
2025-10-24
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.