Manager, Hef Credit Strategy
3 months ago
**Job Summary**
As Manager, HEF Credit Strategy, you are primarily responsible for developing credit strategies using advanced analytics for HEF products as well as improving profitability by recommending solutions that balance risk, reward, operational efficiency, and customer impact. You will work to support the business targets for growth, while ensuring appropriate risk mitigation strategies are in place and the overall quality of the portfolio is maintained
**What is the opportunity?**
As Manager, HEF Credit Strategy, you are primarily responsible for developing credit strategies using advanced analytics for HEF products as well as improving profitability by recommending solutions that balance risk, reward, operational efficiency, and customer impact. You will work to support the business targets for growth, while ensuring appropriate risk mitigation strategies are in place and the overall quality of the portfolio is maintained
**What will you do?**
- Support the Senior Manager in designing credit strategies covering HEF products, including targeting criteria, adjudication and exposure management, ensuring adequacy of risk and return as well as regulatory and internal compliance through comprehensive data analysis and predictive financial and credit modeling.
- Presenting results of your analysis and recommendations with stakeholders and senior management in Group Risk Management, Product teams, and Collections to understand and propose new strategies designed to help achieve business targets as well as obtain approval of credit strategies with concise rationale supported by comprehensive analysis and documentation.
- Identify and recommend opportunities, and drive initiatives that will enhance strategy and portfolio performance or improve existing processes.
- Develop and manage performance monitoring and reporting for relevant strategies and customer segments, in order to enable actionable insight for key stakeholders, including Group Risk Management.
- Support new strategy development with advanced analytics and data science.
- Cross-functional stakeholder management of business, operations and other GRM teams.
- Monitor any changes in portfolio risk to pre-empt stress to Collections.
**What do you need to succeed?**
**Must-have**
- 2+ years of experience performing advanced analytics or data science, ideally for credit lending or deposit products.
- Proficient technical knowledge of data querying and related tools such as Python, SQL, SAS, Excel, etc.
- Strong interpersonal, communication and presentation skills, with the ability to create and articulate a compelling business case to senior management and other stakeholders
- Strong analytical, critical thinking, and problem solving skills
- MBA and/or Undergraduate degree in Economics, Business, Statistics or other quantitative field of study.
**Nice-to-have**:
- Experience in financial services industry with broad understanding of risk management, credit strategy, and analytics
- Knowledge of Personal banking products
**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 and commissions
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
- Opportunities in building close relationships with clients
**Job Skills**
Business Data Analysis, Communication, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Quantitative Methods, Risk Management
**Additional Job Details**
**Address**:
RBC WATERPARK PLACE, 88 QUEENS QUAY 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**:
2024-10-07
**Application Deadline**:
2024-10-20
**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.
-
Senior Manager, HEF Acquisition
1 month ago
Toronto, Canada Royal Bank of Canada> Full timeJob SummaryJob DescriptionWhat is the opportunity?RBC Home Equity Financing (HEF) is the leading lender of residential mortgages in Canada, and RBC’s single largest business with over $300 Billion in assets. As the Senior Manager, HEF Acquisition Product Owner, you will play an integral role in managing all aspects of acquisition including development and...
-
Manager, Credit Risk Strategy
7 months ago
Toronto, Canada Rogers Communications Full timeLooking to join a growing financial services team? Rogers Bank, a subsidiary of Canada's leading wireless, cable and media company, is expanding and seeking passionate individuals to develop and implement innovative financial solutions and experiences. The bank offers unique cash-back benefits and financing options for Rogers purchases using cutting-edge...
-
Manager, Resl Credit Strategies
4 months ago
Toronto, Canada Scotiabank Full timeRequisition ID: 206829 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. Join a purpose driven team, acted to results, in an inclusive and high-performing culture. The mandate of this role is to manage credit life cycle strategies for Real Estate Secured Lending in order to optimize risk/return within...
-
Director, Credit Risk Strategy
3 weeks ago
Toronto, Canada Questrade Financial Group Full timeQuestrade Financial Group (QFG) of Companies is committed to helping our customers become much more financially successful and secure. We are everything a traditional financial institution is not. At QFG, you will be constantly moving forward, bringing the future of fintech into existence. You will be a part of a collaborative team that cares deeply about...
-
Manager, Data Analytics
1 month ago
Toronto, Canada Royal Bank of Canada Full time**Job Summary** **What is the opportunity?** RBC Home Equity Financing (HEF) is the leading lender of residential mortgages in Canada with over $400 billion in assets. As the Manager, Data Analytics within the HEF Pricing Team, you will leverage advanced analytics to provide senior leadership with insights into the impact of pricing strategies on the HEF...
-
Director, Credit Risk Strategy
6 months ago
Toronto, Canada Flexiti Full time**About Us** Welcome to Flexiti, where affordability meets growth! We're Canada's top fintech lender, growing fast to make the life of Canadians more affordable. Our flexible financing options help boost sales for our retail partners. Our team of passionate individuals from around the world, believe in enjoying the journey and sparking creativity. If you...
-
Director, Cards Credit Strategy
4 weeks ago
Toronto, Canada Royal Bank of Canada Full time**Job Summary** The Director, Cards Credit Strategy will lead a team of credit strategists (Senior Managers and Managers) to optimize account management underwriting policies for RBC's retail credit card portfolio, the largest portfolio in Canada. The position is responsible to drive portfolio growth within risk appetite through developing innovative credit...
-
Lead Credit Strategy Professional
4 weeks ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeJob SummaryThe Lead Credit Strategy Professional will spearhead a team of credit strategists to optimize account management underwriting policies for RBC's retail credit card portfolio, the largest in Canada. This role is responsible for driving portfolio growth within risk appetite through developing innovative credit strategies and effectively partnering...
-
Senior Credit Strategy Leader
2 days ago
Toronto, Ontario, Canada Royal Bank of Canada Full timeThe Director, Cards Credit Strategy role at Royal Bank of Canada offers an exciting opportunity to drive portfolio growth while maintaining risk appetite.About the Role: We are seeking a highly experienced leader to join our Group Risk Management team. As Senior Credit Strategy Leader, you will be responsible for increasing shareholder value by growing our...
-
Toronto, Canada Scotiabank Full timeRequisition ID: 213396 Join a purpose driven winning team, committed to results, in an inclusive and high-performing culture. The Manager will work closely with different stakeholders to ensure adequate credit strategies are developed and continuously optimized across the lifecycle (Originations, Account Management and Collections). The incumbent will...
-
Credit Officer
6 months ago
Toronto, Canada Central 1 Credit Union Full timeCentral 1 cooperatively empowers credit unions and other financial institutions to deliver banking choice to Canadians. Central 1 provides critical services at scale to enable a thriving credit union system. We do this by collaborating with our clients, developing strategies, products and services to support the financial well-being of their more than 5...
-
Manager, Cards Credit Strategy
2 months ago
Toronto, Canada Royal Bank of Canada Full time**Job Summary** Participates in the implementation of credit risk management systems and processes to support efforts to minimize credit risk. Applies complete knowledge, skills, and practices to perform assignments. **What is the opportunity?** **What will you do?** - Use data mining, profitability modelling and business intuition to inform lending...
-
Manager, Pricing Exceptions
3 months ago
Toronto, Canada Royal Bank of Canada Full time**Job Summary** **What is the opportunity?** RBC Home Equity Financing (HEF) is the leading lender of residential mortgages in Canada with over $400 Billion in assets. The Home Equity Financing Pricing team is key to ensuring strong profitable growth of the HEF portfolio by setting pricing strategy for all mortgages and secured lines of credit, executing...
-
Director, Credit Strategy Optimization and
1 month ago
Toronto, Canada BMO Financial Group Full time33 Dundas Street West Toronto Ontario,M5G 3C2 In this role you will be responsible for optimizing credit risk strategies across retail and business banking including balancing risk and reward, analyzing trends, developing/implementing innovative solutions, and managing stakeholders. In conjunction to managing risk appetite, this role will also...
-
Associate Director, Credit Risk Strategy
2 months ago
Toronto, Canada Royal Bank of Canada Full time**Job Summary** **Application Deadline: November 29, 2024** **What is the opportunity?** In this role you will be responsible for managing credit risk strategies for the Caribbean credit portfolios including analyzing, developing, implementing and managing stakeholders. You will also support the Caribbean business targets for balance growth, new account...
-
Chief Credit Risk Strategy Officer
3 days ago
Old Toronto, Canada Questrade, Inc. Full timeWe are seeking a highly skilled and experienced Chief Credit Risk Strategy Officer to join our team at Questrade Financial Group of Companies.About the Role:The Chief Credit Risk Strategy Officer will be responsible for heading the development, implementation, and maintenance of the overall credit risk strategies for credit cards at the enterprise level....
-
Executive Assistant – Credit Strategy
1 month ago
Toronto, Canada CPP Investments Full timeJob DescriptionThe Executive Assistant is responsible for providing day-to-day administrative support to the Managing Director, Head of Credit Strategy, the Credit Strategy team as well as the Business Management team, within the Credit Investments department. Responsibilities will include managing calendars, meetings, expenses, events, presentations,...
-
Manager, Cards Credit Strategy
2 months ago
Toronto, Canada Royal Bank of Canada> Full timeJob SummaryParticipates in the implementation of credit risk management systems and processes to support efforts to minimize credit risk. Applies complete knowledge, skills, and practices to perform assignments.Job DescriptionWhat is the opportunity? The RBC Credit Strategy team is hiring for a Manager – Cards Credit Strategy & Data Science. You will use...
-
Senior Associate, Credit Strategy
7 months ago
Toronto, Canada CPP Investments Full timeCompany Description Make an impact at a global and dynamic investment organization When you invest your career in CPP Investments, you join one of the most respected and fastest growing institutional investors in the world. With current assets under management valued in excess of $500 billion, CPP Investments is a professional investment management...
-
Manager, Credit Risk Strategy
7 months ago
Toronto, Canada BMO Financial Group Full time33 Dundas Street West Toronto Ontario,M5G 3C2 Develops and maintains risk decision-support strategies using analytical solutions to enable high-quality, fact-based decisions for a designated risk portfolio. Supports the development of the strategy and roadmap for data quality, data analytics, data modeling, reporting, business intelligence, and the design...