Associate Director, Wholesale Credit Stress Testing

4 weeks ago

Toronto, Ontario, Canada Royal Bank of Canada Full time

Job Summary

RBC 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 involves learning about the bank's wholesale loan portfolios, material risks, risk models and collaborating with credit subject matter experts. It involves ownership of analysis, developing credit projections and reporting of key insights into RBC vulnerabilities to senior management and regulators.

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

Analytical Thinking, Business Data Analysis, Communication, Credit Analysis, Credit Risks, Critical Thinking, Decision Making, Microsoft Excel, Python (Programming Language), Quantitative Methods, Risk Management, SQL Databases, Stress Testing, Time Management

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.

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, Credit

    4 weeks ago

    Toronto, Ontario, Canada RBC - Royal Bank Full time

    Job SummaryThe 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...

  • Associate Director, Wholesale Platform Finance, Controls

    1 week ago

    Toronto, Ontario, Canada RBC - Royal Bank Full time

    Job SummaryJob DescriptionWhat is the opportunity?The Associate Director, Wholesale Platform Finance, Controls & Governance will act as Accounting advisor and provide oversight and accounting advisory to the Wholesale platform. They will seek out opportunities to improve operational accounting processes and drive consistency of financial reporting globally....

  • Director, Commercial Leasing

    3 weeks ago

    Toronto, Ontario, Canada DUCA Financial Services Credit Union Ltd. Full time

    Why 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, CSS

    1 week ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryJob DescriptionWhat is the opportunity? As an integral member of the Compliance Shared Services team, the Associate Director helps support the Managing Director, Compliance Shared Services for Canada and the Caribbean. The role will be responsible for assisting with the design, implementation and ongoing administration of the Regulatory Compliance...

  • Associate, Data Management

    2 weeks ago

    Toronto, Ontario, Canada RBC - Royal Bank Full time

    Job SummaryJob DescriptionWhat is the opportunity?The primary objective of the role is to support data management work for the Corporate Banking loan book; perform root cause analysis of potential data quality findings, support the business unit in fulfilling data related policy and regulatory requirements; and support the design, implementation and...

  • Actuary, Associate Director

    2 weeks ago

    Toronto, Ontario, Canada WTW Full time

    Our Retirement team supports organizations in designing, managing, administering and communicating all types of retirement plans. Whether a client has a defined benefit or a defined contribution plan, we collaborate with them to determine the right approach to design, funding, investing, governing and employee engagement that fits their specific goals. ...

  • QA Test Analyst

    1 day ago

    Toronto, Ontario, Canada Dawn InfoTek Inc. Full time

    Dawn InfoTek Inc . is a professional IT consulting team that partners with major financial institutions, investment firms and government sectors. We have been dedicated to delivering cutting-edge consulting services and recruiting all levels of IT positions for our clients.We are currently seeking competent individuals to fulfill the role of QA Test Analyst...

  • Associate Director

    2 weeks ago

    Toronto, Ontario, Canada RBC - Royal Bank Full time

    Job SummaryJob DescriptionWhat is the opportunity?The Associate Director role will support the Financial Control team on month end close, financial reporting and ad hoc tasks as assigned.What you will do?Manage a team of two individuals covering the following tasks:Responsible for overseeing the recording and settlements of intercompany transactions between...

  • Human Resources Director

    7 days ago

    Toronto, Ontario, Ontario, Canada Altis Recruitment Full time

    Our Public Sector client is seeking a full-time, permanent HR Director, Supply Chain to join their growing team! This is a hybrid opportunity (3x/week) in Downtown Toronto. This role leads HR’s partnership with Supply Chain & Wholesale, leads a team of Business Partners, and is considered a key contributor to the following areas: workforce planning, talent...

  • Director, Model Validation and Analytics

    4 weeks ago

    Toronto, Ontario, Canada Healthcare of Ontario Pension Plan (HOOPP) Full time

    Why 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 of Research, Investment Advice and Planning

    3 weeks ago

    Toronto, Ontario, Canada Morningstar Credit Ratings, LLC Full time

    Director 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...

  • Senior Manager, Financial Risk, Internal Audit

    7 days ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job 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...

  • Director, Capital Market and Alternative Investment Risk Analytics

    4 weeks ago

    Toronto, Ontario, Canada Healthcare of Ontario Pension Plan (HOOPP) Full time

    Why 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...

  • Senior Performance Test Engineer

    4 weeks ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryJob DescriptionThe US Cash Management is looking for a Non-Functional Test Lead / Engineer. This role is crucial in ensuring the performance, scalability, availability, resiliency, and disaster recovery for the system which is deployed to Azure Kubernetes. The successful candidate will lead efforts in non-functional testing areas, ensuring that...

  • Associate Director Technology Risk

    2 weeks ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Job SummaryAs part of RBC's Group Risk Management Enterprise Risk Resilience team, the Associate Director, Technology Risk will be responsible for providing challenge and oversight on our technology Infrastructure platform technology operations. This includes providing an opinion on RBC's Technology risk posture, developing / overseeing Technology Key Risk...

  • Quality Assurance Test Analyst

    1 day ago

    Toronto, Ontario, Canada procom Full time

    Quality Assurance Test Analyst - Mobile Applications Regression Testing (iOS & Android) On behalf of our client in the Banking Sector, PROCOM is looking for a Quality Assurance Test Analyst - Mobile Applications Regression Testing (iOS & Android). Quality Assurance Test Analyst - Mobile Applications Regression Testing (iOS & Android) - Job...

  • Director, Digital and Customer Insights

    4 weeks ago

    Toronto, Ontario, Canada Definity Careers Full time

    We are seeking a highly skilled and experience Director of Digital & Customer Insights to lead our analytics initiatives within the Digital Channel of Personal Insurance. As the Director of Digital & Customer Insights, you will be responsible for leveraging data-driven insights to optimize our digital funnel, enhance user experience, and drive business...

  • Associate Director, Capital Markets Compliance Advisory

    4 weeks ago

    Toronto, Ontario, Canada RBC - Royal Bank Full time

    Job SummaryJob DescriptionWhat is the opportunity?As Associate Director (AD), you are responsible for Capital Markets Compliance for the Global Equity Sales and Trading, Global Equity Derivatives, and the Wealth Management Agency desks. As a subject matter expert in equity and equity related products, you will be responsible to provide compliance guidance...

  • Director, Operations, Oneeleven

    3 weeks ago

    Toronto, Ontario, Canada Ontario Centres of Excellence Full time

    Director, Operations, OneElevenReporting to our Managing Director OneEleven, you will lead the effort to onboard member companies to OneEleven's community and our space. You will build relationships that help us better respond to the programming and services that are valuable to emerging tech companies who are rapidly scaling their businesses. In this...

  • Business Analyst

    3 weeks ago

    Toronto, ON, C6A, Ontario, Canada Delpath Full time

    Typical Day in Role:• The incumbent acts as technical business/data analyst resource in projects, providing detailed technical data analysis, testing, investigations, recommendations, program specifications and business requirements for development of technical solutions for the sourcing, delivery, and processing of required monthly/daily data sources...