Director, Credit
Found in: beBee jobs CA - 1 week ago
Job Summary
The Director, Credit & Stress Testing Implementation Assurance reports to the Senior Director, Stress Testing & Credit Controls and Integrity. You will apply your business knowledge and provide constructive challenge within credit risk management to work closely and support numerous stakeholders and Senior Directors across both the Stress Testing and Credit Analysis and Measurement (STCAM) team.You will be responsible to provide review and ongoing support by overseeing staff that is responsible for documentation, and post-implementation testing of the ECL production process, used in the measurement of Expected Credit Loss, Provision for Credit Losses, Allowance for Loan and Lease Losses, and Stress Testing.
Job Description
What is the opportunity?
The Director, Credit & Stress Testing Implementation Assurance reports to the Senior Director, Stress Testing & Credit Controls and Integrity. You will apply your business knowledge and provide constructive challenge within credit risk management to work closely and support numerous stakeholders and Senior Directors across both the Stress Testing and Credit Analysis and Measurement (STCAM) team.
You will be responsible to provide review and ongoing support by overseeing staff that is responsible for documentation, and post-implementation testing of the ECL production process, used in the measurement of Expected Credit Loss, Provision for Credit Losses, Allowance for Loan and Lease Losses, and Stress Testing.
What will you do?
- Provide effective leadership of the IAT (Implementation Assurance Testing) team, to ensure that a strong controls and governance framework is maintained over IAT processes. This will include, but is not limited to, ensuring that the team appropriately prioritizes deliverables through strong understanding of life cycle of each module (EWST, ICAAP, CCAR, IFRS9, and CECL), as well as determining the scope of testing procedures that should be conducted.
- Ability to review and provide feedback on detailed documentation and provide challenge to the procedures conducted by the team.
- Through technical writing and clear communication, present quantitative and qualitative materials, concisely and accurately, to key stakeholders. This will include ensuring that technical and non-technical stakeholders have a clear understanding of critical credit risk measurement issues, the approach applied to developing, validating and deploying credit risk models as well as the key business implications to consider with respect to core deliverables.
- Enable the development of effective an IFRS 9 / CECL and credit portfolio stress testing measurement platform, ensuring compliance with applicable IFRS and US GAAP accounting standards as well as Canadian, US and other relevant regulatory and capital requirements. This will enable the team to support the execution of credit provisioning and regulatory stress tests with a specific focus on results analysis, validation, and communication.
- Produce independent output and accountable for material output of the IAT team, beyond individual contribution:
- Accountable for providing assurance on results of the ECL production team through conducting independent testing;
- Accountable for setting clear direction, aligned with strategy, and providing room for staff to deliver, and make their own mistakes in a controlled environment;
- Accountable for driving results from stakeholders, through effective partnership with teams responsible for Credit Risk, Model Implementation and Production, Internal and External Audit and Regulatory Reviews of Credit Risk Models, as well as other key stakeholders; and
- Accountable for managing the workload of the IAT team through ensuring that deliverables and issues are appropriately identified and prioritized, taking into account the requirements and timelines of the underlying program
What do you need to succeed?
Must Have
- Bachelor's or master's degree in Finance, Accounting, Risk Management, Engineering, Computer Science, Statistics, Mathematics, Behavioral Economics, or other quantitative field of study.
- 5+ years of industry experience Credit risk measurement or stress testing. Cross-functional capability, with good business, risk, and regulatory requirement knowledge in credit risk. Sound conceptual understanding of the credit risk measurement methodologies required for measuring losses under stress testing and provisioning systems.
- Ability to communicate, orally and in writing, complex technical concepts and related business implications to technical and non-technical audiences.
- Advanced proficiency with SAS, Python, and SQL.
- Ability to quickly grasp new concepts, especially in the field of risk management and finance/accounting (e.g. IFRS 9, CECL, stress testing)
- Conceptual thinker with a curious mind to challenge and question the status quo and the ability to make quantitative decisions on ambiguous and complex techniques which will have an impact directly on RBCs financial statements.
Nice to Have
- Experience in financial services industry with understanding of risk management, credit strategy
- Experience working with big data, Data Lake
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
Business Data Analysis, Database Structures, Data Governance, Data Modeling, Decision Making, Economic Analysis, Financial Regulation, Information Management, Logical Data Modeling, Long Term PlanningAdditional Job Details
Address:
RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity:
TORONTOCountry:
CanadaWork hours/week:
37.5Employment Type:
Full timePlatform:
GROUP RISK MANAGEMENTJob Type:
RegularPay Type:
SalariedPosted Date:
Application Deadline:
Inclusion and Equal Opportunity Employment
At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.
We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.
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
-
Director, Commercial Leasing
Found in: beBee jobs CA - 4 days ago
Toronto, Ontario, Canada DUCA Financial Services Credit Union Ltd. Full timeWhy DUCA? At DUCA, we strive for excellence in everything we do. Our commitment to Do more, Be more, Achieve more is what sets us apart and drives our company culture. DUCA's impact goes beyond our financial solutions - we're dedicated to making a real difference in the lives of our members and in our community.We believe our employees are our most valuable...
-
Associate Director, Wholesale Credit Stress Testing
Found in: beBee jobs CA - 1 week ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryRBC is hiring an Associate Director of Wholesale Credit Stress Testing. This role is responsible for the wholesale credit stress projections for the Enterprise-Wide Stress Test, US and Canada regulatory stress tests and ad-hoc analytics to support senior management. As a credit specialist on the Credit and Enterprise Stress Testing team, the role...
-
Associate Director
Found in: beBee jobs CA - 1 week ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryAs Associate Director, you will also query data and develop tools to improve reporting and portfolio management within GRM Wholesale Credit to support risk rating, credit monitoring and adjudication workflows.Job DescriptionWhat is the opportunity?The Wholesale Rating Methodologies (WRM) team within GRM Wholesale Credit is responsible for managing...
-
Director Financial Risk Management
Found in: beBee jobs CA - 1 week ago
Toronto, Ontario, Canada Robert Walters Full timeOur client is an international bank and a key player in the global financial industry. With a strong presence in multiple countries, they provide a wide range of banking services including corporate banking, investment banking, wealth management, and retail banking. Committed to excellence, innovation, and integrity, they strive to deliver exceptional...
-
Director of Research, Investment Advice and Planning
Found in: beBee jobs CA - 4 days ago
Toronto, Ontario, Canada Morningstar Credit Ratings, LLC Full timeDirector of Research, Investment Advice and Planning (Toronto) page is loaded Director of Research, Investment Advice and Planning (Toronto) Apply locations Toronto time type Full time posted on Posted 30+ Days Ago job requisition id REQ About the role: As the Director of Research for Lifetime Financial Advice, you will help lead our research around...
-
Director, Commercial Financial Services Finance
Found in: beBee jobs CA - 1 week ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryJob DescriptionWhat is the opportunity?As Director, Commercial Financial Services (CFS) Finance, you are part of a team of in person client-facing credit professionals aligned to our large commercial client segment within CFS, defined as commercial clients with annual sales revenue between $25MM and $100MM. You play a key role in realizing our...
-
Director, Model Validation and Analytics
Found in: beBee jobs CA - 7 days ago
Toronto, Ontario, Canada Healthcare of Ontario Pension Plan (HOOPP) Full timeWhy you'll love working here:high-performance, people-focused cultureour commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selveslearning and development initiatives, including workshops, Speaker Series events and access to...
-
Director, Treasury
Found in: beBee jobs CA - 2 weeks ago
Toronto, Ontario, Canada Tucows Inc. Full timeTucows (NASDAQ:TCX, TSX:TC) is possibly the biggest Internet company you've never heard of. We started as a simple shareware site in 1993 and have since grown into a stable of businesses: Tucows Domains, Ting Internet and Wavelo.What's next at TucowsWe embrace a people-first philosophy that is rooted in respect, trust, and flexibility. We believe that...
-
Director, Treasury
Found in: beBee jobs CA - 1 week ago
Toronto, Ontario, Canada Tucows Full timeTucows (NASDAQ:TCX, TSX:TC) is possibly the biggest Internet company you've never heard of. We started as a simple shareware site in 1993 and have since grown into a stable of businesses: Tucows Domains, Ting Internet and Wavelo.What's next at TucowsWe embrace a people-first philosophy that is rooted in respect, trust, and flexibility. We believe that...
-
Director, Capital Market and Alternative Investment Risk Analytics
Found in: beBee jobs CA - 1 week ago
Toronto, Ontario, Canada Healthcare of Ontario Pension Plan (HOOPP) Full timeWhy you'll love working here:high-performance, people-focused cultureour commitment that equity, diversity, and inclusion are fundamental to our work environment and business success, which helps employees feel valued and empowered to be their authentic selveslearning and development initiatives, including workshops, Speaker Series events and access to...
-
Director - Risk IT Data Strategy
Found in: beBee jobs CA - 1 week ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryJob DescriptionJob DescriptionWhat is the opportunity?Global Functions Technology (GFT) is part of RBC's Technology and Operations division. GFT's impact is far-reaching as we collaborate with partners from across the company to deliver innovative and transformative IT solutions. Our clients represent Risk, Finance, HR, CAO, Audit, Legal,...
-
Vice President, Corporate Client Group
Found in: beBee jobs CA - 1 week ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryJob DescriptionWhat is the opportunity?As Vice President, Corporate Client Group – Finance (CCGF), you are part of the mid-market Corporate Banking team and play a key role in the realization of Corporate Client Group (CCG) objectives through the structuring, delivery and management of the bank debt of a targeted customer base. We target loan...
-
Vice-President, Investments
Found in: Adzuna CA C2 - 2 days ago
Toronto, ON, C6A, Ontario, Canada Farm Credit Canada Full timeClosing Date (MM/DD/YYYY):05/01/2024Worker Type:PermanentLanguage(s) Required:English, FrenchTerm Duration (in months):Senior-level private capital investment expertise requiredUnder direction of the Managing Director, you’ll provide strategic leadership in developing and executing FCC’s private capital program. You’ll direct policies, processes,...
-
Senior Analyst, Completeness Controls
Found in: beBee jobs CA - 1 week ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryReporting to the Associate Director, Shared Data Management Operations (SDMO) this role is a key contributor in ensuring the integrity, accuracy and completeness of Finance and Risk data across various finance and risk domains. The incumbent will support and perform the key risk reconciliations and present the results of these reconciliations to...
-
Chief Compliance Officer
Found in: Adzuna CA C2 - 10 hours ago
Toronto, ON, C6A, Ontario, Canada BJRC Recruiting Full timeOur ClientIs a leading Financial Services, Real Estate and Asset Management company.ResponsibilitiesDevelop and maintain Regulatory Compliance Management Program, ensuring adherence to mandates and protocols.Manage Compliance budgeting, risk assessment, and planning activities.Conduct Compliance Monitoring, Testing, and subject matter reviews, covering...
-
Associate, Corporate Client Group
Found in: beBee jobs CA - 1 week ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryJob DescriptionWhat is the opportunity?As Associate, Corporate Client Group ("CCG"), you will report to the Managing Director, Greater Toronto Region (Relationship Management). You will work directly with our senior team members and support them in serving current client needs and marketing target companies. RBC CCG is a team of senior coverage...
-
Senior Manager, Financial Risk, Internal Audit
Found in: beBee jobs CA - 1 week ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryJob DescriptionWhat is the opportunity? An exciting opportunity to be a key member of the Internal Audit, Financial risk team. As a Senior Manager, you will provide an independent and objective assessment of the effectiveness of RBC's risk management practices with a primary focus on Market Risk and Counterparty Credit Risk, and support effective...
-
Billings and Collections Specialist
Found in: beBee jobs CA - 2 hours ago
Toronto, Ontario, Canada McCarthy Tetrault Full timeAt McCarthy Tétrault, we offer challenging and rewarding career opportunities and are delighted to have been selected for the eleventh consecutive year in 2023 as one of Canada's Top 100 Employers and one of Canada's Best Diversity Employers. Our culture is built on professional excellence, collaboration, innovation, thought leadership and...
-
VP Information Security
Found in: beBee jobs CA - 6 days ago
Toronto, Ontario, Canada Alterna Full timeLocation: Toronto or Ottawa Scope of Position The VP, Information Security is responsible for the organization's strategies, objectives, policies, plans, budget and operations for the area of IT Security and Cyber Security. Works collaboratively with the senior management team to provide support to meet operational requirements and achieve annual and...
-
Relationship Manager, Business Banking
Found in: beBee jobs CA - 2 hours ago
Toronto, Ontario, Canada CIBC Full timeWe're building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what's right for our clients.At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and...