Director, Credit Risk Management

2 weeks ago

Old Toronto, Canada RBC Full time
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As part of the Credit Stress Testing & Analytics team, the Director, Credit Risk Measurement leads the implementation and execution of credit risk models used in the measurement of stress testing credit risk and loss projections, and is responsible for the development, enhancement and maintenance of tools that support a variety of internal and regulatory stress testing programs such as EWST, MST, and ICAAP.
  • Support the execution of regulatory stress tests with a specific focus on process execution, controls and validation.
  • Provide constructive challenge and quality assurance on the credit stress testing production process.
  • Ensure alignment to regulatory stress testing guidelines.
  • Support the execution of ad-hoc stress testing requests from senior management and external regulators.
  • Play a leadership role in the partnership with the Business, Model Implementation and Production, Internal Audit, External Audit and Regulatory Review of Credit Risk Models.
  • Act as a point of contact for downstream users to gather requirements and provide analysis.
  • Communicate stress testing results and model projections to the Senior Director, Credit Stress Testing & Analytics, and other stakeholders.
  • Support the enterprise stress testing process through analytics and documentation of key model performance metrics.
  • Assist in the development of tools and capabilities to support qualitative overlays and benchmark analysis.


Must Have:

  • 7+ years of relevant work experience.
  • University degree in a quantitative discipline such as Finance, Statistics, Economics, Math, Computer Science, or Engineering.
  • Strong understanding of credit risk modelling and forecasting techniques.
  • Experience with stress testing programs such as EWST, MST, CCAR.
  • Experience with credit products in the financial industry.
  • Experience managing highly specialized teams and/or complex projects.
  • Experience with SAS and Python programming.

Nice-to-Have:

  • Understanding of market/liquidity/operational risk for stress testing.
  • Master’s/PhD degree.
    We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed 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.

    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: 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: 2024-12-19

    Application Deadline: 2025-01-11

    Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above.

    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.

    Join our Talent Community

    Stay in-the-know about great career opportunities 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.

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