Associate Director, Stress Testing Analytics

Found in: beBee jobs CA - 2 weeks ago

Toronto, Ontario, Canada Royal Bank of Canada Full time

Job Summary

RBC is hiring an Associate Director of Stress Testing Analytics. This role will be responsible for the development and implementation of stress test tools supporting the data generation and aggregation for various internal and regulatory stress testing programs, working with RBC economics to produce economic projections, building analytical tools and reports to provide internal and external stakeholders with insights into how RBC's balance sheet and key financial ratios perform under stress.

In this role and as part of the Enterprise Stress Testing team, there are unique opportunities to gain a birds-eye view into the inner workings of a large financial institution; learn finance, risk, and treasury concepts; employ data science skills; and learn how novel risks such as geopolitical tensions and climate change impact the Bank.

This is a Hybrid role with 3 in-office days per week based out of the downtown Toronto office.

Job Description

What is the opportunity?

RBC is hiring an Associate Director of Stress Testing Analytics. This role will be responsible for the development and implementation of stress test tools supporting the data generation and aggregation for various internal and regulatory stress testing programs, working with RBC economics to produce economic projections, building analytical tools and reports to provide internal and external stakeholders with insights into how RBC's balance sheet and key financial ratios perform under stress.

In this role and as part of the Enterprise Stress Testing team, there are unique opportunities to gain a birds-eye view into the inner workings of a large financial institution; learn finance, risk, and treasury concepts; employ data science skills; and learn how novel risks such as geopolitical tensions and climate change impact the Bank.

This is a Hybrid role with 3 in-office days per week based out of the downtown Toronto office.

What will you do?

  • Collaborate with team leadership in achieving a transformation of enterprise stress testing capabilities and frameworks.
  • Design, constructs and implement tools, processes, and methodologies required for stress test production and analysis of RBC's exposures and portfolios.
  • Develop the macroeconomic variable expansion tools required for Stress Testing. This includes historical data analysis, model development and validation.
  • Analyze data using empirical and statistical techniques to fine tune financial and risk projections.
  • Produce Stress Testing results covering the impacts on capital, liquidity and management action under various stress scenarios.
  • Cross-functional participation and support in Group Risk Management, Stress Testing projects.
  • Keep abreast of advances in stress testing analytics.
  • End-to-end project management, from idea conception, solution design, stakeholder buy-in, implementation and monitoring.

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.
  • 3+ years of industry experience in financial services (stress testing, corporate treasury, risk management).
  • Experience developing concise and impactful executive-level reports, presentations, and other deliverables.
  • Advanced proficiency with Excel, Python, SQL and PowerPoint.
  • Advanced analytical, problem solving and time management skills.
  • Strong understanding of banks' balance sheets, P&L and capital.

Nice-to-have

  • Graduate degree in a relevant field.
  • Proficiency with a range of data tools, such as Tableau, Bloomberg Terminal, etc.
  • CFA, FRM, CPA, or any finance- or risk-related professional designation/certification.

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, commissions, and stock where applicable
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact
  • Work in a dynamic, collaborative, progressive, and high-performing team
  • A world-class training program in financial services
  • Flexible work/life balance options
  • Opportunities to do challenging work

Job Skills

Business Performance Management, Investment Economics, Investment Risk, Investment Risk Management, Market Risk, Performance Management (PM), Risk Control, Risk Management, Standard Operating Procedure (SOP)

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:

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.

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