Associate Director, Stress Testing Analytics

3 months ago

Toronto, Canada Royal Bank of Canada Full time

**Job Summary**

This incumbent will work with stakeholders from GRM, Finance, Treasury, IT to develop/enhance credit portfolio stress testing measurement and reporting processes, controls, and infrastructure, while ensuring compliance to internal and external requirements to meet stress testing reporting standards under US and Canadian regulations.

**What is the opportunity?**

The Associate Director, Stress Testing Analytics will assist the Director, Enterprise Stress Testing Analytics, in managing the activities of the credit stress testing team by providing expert analysis, technical solutions, and guidance on RBC’s banking book loss estimation under the bank’s enterprise stress testing activities, including the Comprehensive Capital Analysis and Review (CCAR), Macro Stress Test (MST) and Enterprise Wide Stress Test (EWST) programs.

**What will you do?**
- Implement and execute reporting analytics and procedures required for reporting ACL (Allowance for Credit Losses) and PCL (Provisions for Credit Losses) under the banking book portfolio for stress testing programs.
- Work with stress testing teams to implement the reporting and analytical systems to support regulatory submissions and supporting team though the ongoing annual and quarterly stress tests under CCAR and EWST programs.
- Effectively manage the reporting of stress testing results, to be incorporated into Review & Challenge (R&C) decks for the presentation to the senior management and stakeholders.
- Aid in the design, implementation, and execution of specific processes and/or controls to operationalize the functionality of the team where needed.
- Lead remediation effort and plan for control/compliance issues identified by management, internal and external auditors.
- Anticipate, and be able to answer, both written and verbally, nearly all substantive questions related to the work of their team to internal and external stakeholders, including the respective regulators.
- Independently validate stress testing results and ensure adequate governance over processes.

**What do you need to succeed?**

**Must-have**
- A degree in an analytical discipline such as statistics, mathematics, or economics, and relevant professional experience in quantitative methods, finance, or risk management.
- 3+ years of experience with analytical work with a financial institution. Other industry experience will be considered based on applicability.
- Cross-functional capability, with good business, risk, and regulatory requirement knowledge in more than one of the following risk areas: market or trading risk, credit risk, structural interest rate risk, and liquidity risk.
- Experience understanding data and related analysis including expertise in programming languages such as SAS and Python.
- Experienced in working with Internal and External Auditors.

**What’s in it for you?**

We thrive on the challenge to be our best, thinking progressively 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
- Leaders who support your development through coaching and managing opportunities
- Ability to make a difference and lasting impact
- Work in an agile, collaborative, progressive, and high-performing team
- The opportunity to interface with executives from many different parts of the organization

**Job Skills**

Analytical Thinking, Critical Thinking, Management Reporting, Quantitative Methods, Stress Testing

**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**:
2024-09-27

**Application Deadline**:
2024-10-12

**I**nclusion** 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. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.

  • Associate Director, Stress Testing Analytics

    6 months ago

    Toronto, 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...

  • Associate Director, Stress Testing

    7 months ago

    Toronto, Canada EQ Bank | Equitable Bank Full time

    **The Work** The Associate Director of Stress Testing reports directly to the Director of Risk Operations and Analytics. In this role, the incumbent will assume responsibility for supporting the co-ordination, development, and execution of stress testing programs, including Enterprise-Wide Stress Testing (EWST), OSFI Macro Stress Testing (MST), Internal...

  • Chief Stress Testing Analytics Director

    3 weeks ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Stress Testing Analytics DirectorAn opportunity exists for a talented and experienced professional to join our team as a Stress Testing Analytics Director.This role will be responsible for developing and implementing stress test tools supporting data generation and aggregation for various internal and regulatory stress testing programs. The successful...

  • Associate Director

    4 weeks ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** **APPLICATION DEADLINE: DECEMBER 20, 2024** **What is the opportunity?** RBC Caribbean Banking (“RBCC”) is hiring an Associate Director of Stress Testing & Treasury Analytics Caribbean. This role will be responsible for the development and implementation of stress testing tools to support the data generation and aggregation for various...

  • Director, Liquidity Stress Testing

    3 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 208684 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Director, Liquidity Stress Testing will enhance the Liquidity Management role within Group Treasury by providing thought leadership and guidance on the development of internal stress scenarios & corresponding assumptions. The...

  • Associate Director

    4 weeks ago

    Toronto, Canada Royal Bank of Canada Full time

    Job Summary ...

  • Manager - Stress Testing Analytics

    7 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** RBC is hiring a Manager of Stress Testing Analytics. This role will be responsible for the implementation and execution 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...

  • Lead Risk Model Developer for Credit Stress Testing

    1 week ago

    Old Toronto, Canada RBC Full time

    About the RoleAs a key member of our Credit Stress Testing & Analytics team, you will lead the implementation and execution of credit risk models used in the measurement of stress testing credit risk and loss projections. Your expertise will drive the development, enhancement, and maintenance of tools supporting various internal and regulatory stress testing...

  • Associate Director of Project Management Services

    3 weeks ago

    Old Toronto, Canada RBC Full time

    b>RBC Caribbean Banking (“RBCC”) is hiring an Associate Director of Stress Testing & Treasury Analytics Caribbean. This role will be responsible for the development and implementation of stress testing tools to support the data generation and aggregation for various internal and regulatory stress testing programs (specific focus on ICAAP & Recovery...

  • Associate Director/director

    7 months ago

    Toronto, Canada Tiger Analytics Full time

    Tiger Analytics is an advanced analytics consulting firm. We are the trusted analytics partner for several Fortune 100 companies, enabling them to generate business value from data. Our consultants bring deep expertise in Data Science, Machine Learning and AI. Our business value and leadership has been recognized by various market research firms, including...

  • Associate Director

    3 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** You will be responsible for ensuring the accuracy and scalability of ECL production process through, providing review and advisory of production source code, execution of post-implementation testing, implementation documentation, and development of continuous assurance solutions. This role gives the incumbent the opportunity to work across...

  • Associate Director, Asset Management

    4 months ago

    Old Toronto, Canada Equitable Group Full time

    p>Being a traditional bank just isn’t our thing. We are big believers in innovating the banking experience because we believe Canadians deserve better options, and we challenge ourselves and our teams to creatively transform what’s possible in banking. Our team is made up of inquisitive and agile minds that find smarter ways of doing things. Overall we...

  • Chief Risk Management Officer, Enterprise Stress Testing

    2 months ago

    Old Toronto, Canada Equitable Group Full time

    Equitable Bank is a forward-thinking financial institution dedicated to innovating the banking experience for Canadians.We are seeking an experienced Associate Director of Stress Testing to join our team. This role will play a key part in driving change in Canadian banking and enriching people's lives.

  • Manager, Us Stress Testing

    2 months ago

    Toronto, Canada BMO Financial Group Full time

    100 King Street West Toronto Ontario,M5X 1A1 Supports the research and development of stress testing and scenario analysis methodologies and related strategies in support of the management of risks arising from changes in the market and external environment for business/group portfolios and products. Applies knowledge of analytics algorithms and...

  • Manager, Liquidity Stress Testing

    7 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 196886 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Manager, Liquidity Stress Testing will contribute to the overall success of the Liquidity Stress Testing Management team within Group Treasury in Toronto ensuring specific individual goals, plans, initiatives are executed /...

  • Manager, Regulatory Stress Testing Forecast

    4 months ago

    Toronto, Canada TD Bank Full time

    **Work Location**: Canada **Hours**: 37.5 **Line of Business**: Data & Analytics **Pay Details**: **Department Overview** **The Treasury and Balance Sheet Management (TBSM) department of TD Bank Group is responsible for the management of TD Bank's consolidated non-trading market risk, foreign exchange risk, liquidity risk, funding strategies, and capital...

  • Director, Credit

    7 months ago

    Toronto, Canada Royal Bank of Canada Full time

    **Job Summary** 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 is the...

  • Risk Management Leader for Credit Stress Testing

    7 hours ago

    Toronto, Ontario, Canada Royal Bank of Canada Full time

    Embark on a challenging career opportunity as a Risk Management Leader for Credit Stress Testing at Royal Bank of Canada. With a strong foundation in quantitative disciplines such as Finance, Statistics, Economics, Math, Computer Science, or Engineering, you will lead the implementation and execution of credit risk models used in stress testing credit risk...

  • Enterprise Stress Testing Strategist

    4 weeks ago

    Toronto, Ontario, Canada EQ Bank | Equitable Bank Full time

    Competitive Salary: $180,000 - $220,000 per annum**Company Overview**Equitable Bank, a leading Canadian bank, is seeking an experienced professional to join our team as an Enterprise Stress Testing Strategist. Our organization prides itself on innovation and challenging the traditional banking experience, making us an attractive destination for professionals...

  • Manager, Enterprise Stress Testing

    3 months ago

    Toronto, Canada Scotiabank Full time

    Requisition ID: 207881 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. **Is this role right for you? In this role you, will**: - Develop and implement the credit risk models using technology platforms, primarily utilizing Python. It involves models that forecast credit rating migration probabilities...