Manager, Stress Testing and Impairment Analytics

1 month ago

Toronto, Canada Royal Bank of Canada Full time

**Come Work with Us**

At RBC, our culture is deeply supportive and rich in opportunity and reward. You will help our clients thrive and our communities prosper, empowered by a spirit of shared purpose.

Whether you’re helping clients find new opportunities, developing new technology, or providing expert advice to internal partners, you will be doing work that matters in the world, in an environment built on teamwork, service, responsibility, diversity, and integrity.

**Job Title**

Manager, Stress Testing and Impairment Analytics

**What is the Opportunity?**

The Stress Testing & Credit Provisioning team provides Senior Management within Risk Management, Finance, Business units (including: Capital Markets, Canadian Banking, I&TS, Wealth Management, Insurance, and legal entities) and Investor Relations with expert analysis and guidance on the Banks stress testing and credit provision, includes IFRS9, CECL and Stress testing program.

Team also provides support for the review & analysis of RBC’s Enterprise Wide Stress Testing (EWST) results that are used in Board level risk appetite statements.

**What will you do?**
- Assist in the execution and maintenance of time sensitive IFRS9 and CECL live production runs
- Assist in maintaining reporting infrastructure for the analysis of IFRS9, CECL & Enterprise-Wide Stress Testing (EWST).
- Assist in the timely production of the Allowance Committee decks that are critical for the approval of the allowances by the Committee. The reported numbers have a direct impact on the balance sheet and the income statements of every business line across RBC.
- Working closely with Credit Provision Analysis and Measurement (CPAM), Stress Testing (ST), IFRS9 model and IFRS9 system teams, understand & deliver the required analyses and best practices for the reporting.
- Continuously review and streamline current reporting processes and explore new technology for the enhancement.
- Have a strong governance control mindset and attention to detail, to ensure correct and representative information is presented for internal & external reviews of allowances.

**What do you need to succeed?**
- Undergraduate, and preferably graduate, degree in a quantitative discipline such as physics, mathematics, statistics, engineering, economics, econometrics, actuarial science, finance and/or relevant professional qualifications, with focus on quantitative statistical and analytical skills.
- Minimal relevant business work experience in quant groups (risk, front office, etc.) in the financial industry. Academic and/or other industry experience will be considered based on relevance.
- More than 3-5 years programming experience with tools such as SAS, Python Excel/VBA etc.
- Knowledge of database structure and management (SQL, SAS, etc.).
- Quick learner with outstanding conceptual, analytical, and problem solving skills, with an ability to work towards challenging deadlines and deliver under pressure.

**Nice to Have**
- Professional designation in Accounting, Finance or Risk Management is preferred, but not required - e.g. CPA, CFA, or FRM etc.
- Strong ability to communicate, verbally and in writing, complex concepts in non-technical terms to business segment Finance and senior business segment leaders.
- Demonstrated self-starter and leader (versus solely a delegator) who can tailor analysis to required level of precision
- A thorough understanding of relevant accounting and regulatory rules and requirements (IFRS 9, Basel) preferred.

**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

**Job Summary**

Monitors market risk and implements risk management systems and processes to minimize any risk to the market. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.

**Address**:
TORONTO, Ontario, Canada

**City**:
CAN-ON-TORONTO

**Country**:
Canada

**Work hours/week**:
37.5

**Employment Type**:
Full time

**Platform**:
Group Risk Management

**Job Type**:
Regular

**Pay Type**:
Salaried

**Posted Date**:
2023-05-19

**Application Deadline**:
2023-06-03

**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

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