Associate Director, Wholesale Credit Risk Rating Methodologies
Top Benefits
About the role
What is the opportunity?
The Wholesale Rating Methodologies (WRM) team within Commercial & Wholesale Credit Risk is responsible for managing and updating Risk Criteria Papers (RCP). RCPs are used to assign credit ratings to the Bank’s corporate clients. As Associate Director, you will update and maintain RCPs to ensure they continue to perform as intended, as well as serve as a subject matter expert for Enterprise Model Risk Management (EMRM), audit and other stakeholders for matters related to RCPs.
A typical RCP update involves independently performing data analysis and industry research to identify potential enhancements to RCPs; working with industry experts within Commercial & Wholesale Credit Risk and CNB to gather feedback and finalize the criteria; testing how the new criteria impact borrower ratings and whether they improve criteria paper performance; documenting the new criteria; and interacting with EMRM to address any findings relating to the RCP.
Key success factors in this role are the ability to identify both qualitative and quantitative risk drivers for an industry; gather feedback from, and interact with, multiple stakeholders to arrive at a consensus; work through ambiguity; and analyze data using tools such as Excel, SQL, and Python.
As Associate Director, you will also query data and develop tools to improve reporting and portfolio management within Commercial & Wholesale Credit Risk to support risk rating, credit monitoring and adjudication workflows.
What will you do?
- Analyze existing RCPs to identify opportunities to improve and simplify RCPs and demonstrate their fit-for-purposes.
- Manage the development and documentation of RCPs by liaising with industry teams and EMRM.
- Work with various teams to define business requirements for implementing RCPs into IT systems.
- Serve as a key point of contact for EMRM for findings related to criteria papers.
- Modernize the RCP development and monitoring process to reflect best practices and meet regulatory requirements.
- Develop tools to assist the adjudication, risk rating, and portfolio management workflows.
- Drive innovation within Commercial & Wholesale Credit Risk by participating in or leading projects that would benefit from WRM’s technical expertise and access to data.
What do you need to succeed?
Must-have
- Minimum 5 years credit risk (wholesale is preferred) or related experience
- Ability to think critically to understand industry drivers to develop sound recommendations for criteria updates
- Solid working knowledge of SQL, Microsoft Excel, and computer programming (e.g. Python)
- Advanced organizational skills including the ability to simultaneously manage and prioritize multiple projects
- Strong communication skills (written and verbal)
- Highly developed modeling and analytical skills
**Nice-to-have **
- Project management experience
- Knowledge of business intelligence tools (e.g., Tableau), and data science
- Strong facilitation skills
- Any Professional Risk designation like CFA and FRM is nice to have.
- Graduate degree in Business Administration, Finance, Economics, or a quantitative discipline
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
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
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, Wholesale Credit Risk Rating Methodologies
Top Benefits
About the role
What is the opportunity?
The Wholesale Rating Methodologies (WRM) team within Commercial & Wholesale Credit Risk is responsible for managing and updating Risk Criteria Papers (RCP). RCPs are used to assign credit ratings to the Bank’s corporate clients. As Associate Director, you will update and maintain RCPs to ensure they continue to perform as intended, as well as serve as a subject matter expert for Enterprise Model Risk Management (EMRM), audit and other stakeholders for matters related to RCPs.
A typical RCP update involves independently performing data analysis and industry research to identify potential enhancements to RCPs; working with industry experts within Commercial & Wholesale Credit Risk and CNB to gather feedback and finalize the criteria; testing how the new criteria impact borrower ratings and whether they improve criteria paper performance; documenting the new criteria; and interacting with EMRM to address any findings relating to the RCP.
Key success factors in this role are the ability to identify both qualitative and quantitative risk drivers for an industry; gather feedback from, and interact with, multiple stakeholders to arrive at a consensus; work through ambiguity; and analyze data using tools such as Excel, SQL, and Python.
As Associate Director, you will also query data and develop tools to improve reporting and portfolio management within Commercial & Wholesale Credit Risk to support risk rating, credit monitoring and adjudication workflows.
What will you do?
- Analyze existing RCPs to identify opportunities to improve and simplify RCPs and demonstrate their fit-for-purposes.
- Manage the development and documentation of RCPs by liaising with industry teams and EMRM.
- Work with various teams to define business requirements for implementing RCPs into IT systems.
- Serve as a key point of contact for EMRM for findings related to criteria papers.
- Modernize the RCP development and monitoring process to reflect best practices and meet regulatory requirements.
- Develop tools to assist the adjudication, risk rating, and portfolio management workflows.
- Drive innovation within Commercial & Wholesale Credit Risk by participating in or leading projects that would benefit from WRM’s technical expertise and access to data.
What do you need to succeed?
Must-have
- Minimum 5 years credit risk (wholesale is preferred) or related experience
- Ability to think critically to understand industry drivers to develop sound recommendations for criteria updates
- Solid working knowledge of SQL, Microsoft Excel, and computer programming (e.g. Python)
- Advanced organizational skills including the ability to simultaneously manage and prioritize multiple projects
- Strong communication skills (written and verbal)
- Highly developed modeling and analytical skills
**Nice-to-have **
- Project management experience
- Knowledge of business intelligence tools (e.g., Tableau), and data science
- Strong facilitation skills
- Any Professional Risk designation like CFA and FRM is nice to have.
- Graduate degree in Business Administration, Finance, Economics, or a quantitative discipline
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
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
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.