Current jobs related to Senior Director, Risk Management and Portfolio Optimization - Old Toronto, Ontario - Royal Bank of Canada


  • Old Toronto, Ontario, Canada Scotiabank Full time

    Job Title: Director, Portfolio ManagementScotiabank is seeking a highly skilled Director, Portfolio Management to join our team. As a key member of our organization, you will be responsible for leading the development and implementation of portfolio management strategies that drive business growth and profitability.Key Responsibilities:Develop and implement...


  • Old Toronto, Ontario, Canada Scotiabank Full time

    Job Title: Director, Portfolio ManagementScotiabank is seeking a highly skilled Director, Portfolio Management to join our team. As a key member of our organization, you will be responsible for leading the development and implementation of portfolio management strategies that drive business growth and profitability.Key Responsibilities:Develop and implement...


  • Old Toronto, Ontario, Canada SMBC Full time

    Director of Financial Risk ManagementSMBC is seeking a seasoned Director of Financial Risk Management to lead our financial risk management function in Toronto, Canada. As a key member of our team, you will be responsible for overseeing the financial risk management function, with a primary focus on portfolio management.Key Responsibilities:Develop and...


  • Old Toronto, Ontario, Canada SMBC Full time

    Director of Financial Risk ManagementSMBC is seeking a seasoned Director of Financial Risk Management to lead our financial risk management function in Toronto, Canada. As a key member of our team, you will be responsible for overseeing the financial risk management function, with a primary focus on portfolio management.Key Responsibilities:Develop and...


  • Old Toronto, Ontario, Canada SMBC Full time

    Job Title: Director, Commercial Financial Services Senior MarketsSumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution renowned for its commitment to excellence, innovation, and integrity. As part of our strategic expansion and growth, we are seeking a highly experienced Director of Financial Risk to join our dynamic team in...


  • Old Toronto, Ontario, Canada SMBC Full time

    Job Title: Director, Commercial Financial Services Senior MarketsSumitomo Mitsui Banking Corporation (SMBC) is a leading global financial institution renowned for its commitment to excellence, innovation, and integrity. As part of our strategic expansion and growth, we are seeking a highly experienced Director of Financial Risk to join our dynamic team in...


  • Toronto, Ontario, Canada Scotiabank Full time

    Job Title: Director, RESL Portfolio ManagementScotiabank is seeking a highly skilled Director, RESL Portfolio Management to join our team. As a key member of our organization, you will be responsible for leading the development and implementation of strategic plans to drive business growth and profitability.Key Responsibilities:Monitor and analyze RESL...

  • Portfolio Director

    2 months ago


    Old Toronto, Ontario, Canada Scotiabank Full time

    Job SummaryWe are seeking a highly skilled Director to lead our RESL Portfolio Management team. As a key member of our Canadian Secured Lending team, you will be responsible for driving strategic recommendations and overseeing analyses to ensure business strategies align with governing regulations and internal policies.Key ResponsibilitiesMonitor RESL...

  • Portfolio Director

    2 months ago


    Old Toronto, Ontario, Canada Scotiabank Full time

    Job SummaryWe are seeking a highly skilled Director to lead our RESL Portfolio Management team. As a key member of our Canadian Secured Lending team, you will be responsible for driving strategic recommendations and overseeing analyses to ensure business strategies align with governing regulations and internal policies.Key ResponsibilitiesMonitor RESL...


  • Toronto, Ontario, Canada Scotiabank Full time

    Senior Manager, RESL Portfolio ManagementRequisition ID: 206827Reporting to the Director, Portfolio Management & Analytics, the Senior Manager will be responsible for leading the RESL Portfolio Management team to achieve strategic objectives and drive business growth.Key Responsibilities:Develop and implement portfolio management strategies to optimize...


  • Toronto, Ontario, Canada Brookfield Asset Management Full time

    Job Title: Senior Portfolio Risk AnalystAbout the Role:The Senior Portfolio Risk Analyst will work with the North American operating businesses to assess, understand, and mitigate key business risks. This role requires an ability to work with individuals across all levels of the organization, strong analytical and organizational skills, and the willingness...


  • Toronto, Ontario, Canada Brookfield Asset Management Full time

    Job Title: Senior Portfolio Risk AnalystAbout the Role:The Senior Portfolio Risk Analyst will work with the North American operating businesses to assess, understand, and mitigate key business risks. This role requires an ability to work with individuals across all levels of the organization, strong analytical and organizational skills, and the willingness...


  • Old Toronto, Ontario, Canada Scotiabank Full time

    Senior Manager, Technical Account ManagementReporting to the Director, Portfolio Management & Analytics, the Senior Manager will work closely with a diverse set of stakeholders to generate insights and deliver judicious recommendations. You will drive analyses, oversight, and judicious thought leadership for Mortgage and HELOC Portfolios, ensuring business...


  • Old Toronto, Ontario, Canada Scotiabank Full time

    Senior Manager, Technical Account ManagementReporting to the Director, Portfolio Management & Analytics, the Senior Manager will work closely with a diverse set of stakeholders to generate insights and deliver judicious recommendations. You will drive analyses, oversight, and judicious thought leadership for Mortgage and HELOC Portfolios, ensuring business...


  • Toronto, Ontario, Canada Brookfield Asset Management Full time

    About the RoleBrookfield Asset Management is seeking a highly skilled Senior Analyst to join its Portfolio Management, Risk and Insurance team. The successful candidate will work closely with the North American operating businesses to assess, understand, and mitigate key business risks.Key ResponsibilitiesSupport due diligence reviews of potential...


  • Toronto, Ontario, Canada DIF Management Canada ULC Full time

    Job Title: Senior Investment Officer - Portfolio ManagementDIF Management Canada ULC is seeking a highly skilled Senior Investment Officer to join our team. As a key member of our investment team, you will be responsible for evaluating financial risk, managing investment portfolios, and providing expert advice to clients and senior company officials.Key...


  • Toronto, Ontario, Canada Scotiabank Full time

    Job Title: Risk Management DirectorReporting to the VP, Canadian Secured Lending, the Risk Management Director will work closely with senior management, GRM colleagues, business line leads, and a diverse set of stakeholders to generate insights and deliver strategic recommendations.Key Responsibilities:Drive analyses, oversight, and strategic thought...


  • Toronto, Ontario, Canada Scotiabank Full time

    Job Title: Risk Management DirectorReporting to the VP, Canadian Secured Lending, the Risk Management Director will work closely with senior management, GRM colleagues, business line leads, and a diverse set of stakeholders to generate insights and deliver strategic recommendations.Key Responsibilities:Drive analyses, oversight, and strategic thought...


  • Toronto, Ontario, Canada Brookfield Asset Management, Inc. Full time

    Join Brookfield Renewable and TransitionWe are a leading platform for renewable power and decarbonization solutions, operating one of the world's largest publicly traded platforms. Our diversified portfolio consists of hydroelectric, wind, and solar power.About the RoleWe are seeking a skilled Portfolio Management, Risk and Insurance Manager to join our...


  • Toronto, Ontario, Canada Brookfield Asset Management, Inc. Full time

    Join Brookfield Renewable and TransitionWe are a leading platform for renewable power and decarbonization solutions, operating one of the world's largest publicly traded platforms. Our diversified portfolio consists of hydroelectric, wind, and solar power.About the RoleWe are seeking a skilled Portfolio Management, Risk and Insurance Manager to join our...

Senior Director, Risk Management and Portfolio Optimization

2 months ago


Old Toronto, Ontario, Canada Royal Bank of Canada Full time
About the Role

We are seeking a highly experienced Senior Director to lead our Risk Management and Portfolio Optimization team. As a key member of our Group Risk Management team, you will be responsible for developing and deploying a comprehensive risk management approach for our Retail Credit Cards business.

The ideal candidate will have a strong background in risk management, with a deep understanding of the Credit Cards business, including product economics. You will be responsible for increasing shareholder value by growing the portfolio through the acquisition of profitable accounts and the effective management of the existing book of business.

You will also be responsible for managing Credit Losses for the Retail Credit Card business in keeping with the Bank's risk appetite, in addition to leading a team in developing strategies that ensure the credit quality of new accounts and promote growth and retention of existing accounts while optimizing the balance between risk, reward, and operational efficiency all within risk appetite.

Key Responsibilities
  • Manage a team, including 2 Directors, to optimize profitability of the Cards portfolio through the design, implementation, and monitoring of effective risk strategies and policies across origination and account management activities.
  • Support the business targets for profitable growth while ensuring appropriate risk mitigation strategies are in place to maintain overall portfolio quality and to manage PCL within risk appetite.
  • Develop & Maintain NPV strategies for the Credit Card Portfolio.
  • Develop new segmentation techniques to improve portfolio profitability.
  • Enhance portfolio insight and management decision-making through the use of leading-edge analytics, methods, and tools to measure the current health of the portfolio and for early detection of opportunities, trends, and anomalies.
  • Support the development and maintenance of the data infrastructure as it relates to the Credit Card portfolio.
  • Provide clear, concise, and insightful portfolio reporting to senior management on all relevant matters related to portfolio quality.
  • Continuously review credit processes and make recommendations for enhancements.
  • Work closely with other PMCS leaders to share & leverage insights across the team creating a client-centric perspective.
Requirements
  • Strong experience in risk management, with a sound understanding of the Credit Cards business, including product economics.
  • Minimum 7 years' experience in financial services, having recent senior-level positions, and a full awareness of the strategic issues and opportunities facing the industry.
  • Deep knowledge of advanced statistical tools as well as an ability to use these tools effectively in credit strategies.
  • Deep knowledge of optimization solutions, trading off various objectives (KPIs) within a constrained environment.
  • Strong analytical skills with the ability to interpret data, innovate, and make strategic decisions.
  • Ability to generate unique, actionable insights & recommendations from analytics and use strong presentation skills to develop a compelling business case for senior management.
  • Have good understanding of Capital, ROE, and implications to underwriting and credit strategy.
  • Experience in developing a Test & Learn Environment and knowledge of designing & executing comprehensive Foundational Testing.
  • Strong people management skills with a proven ability to lead a team of highly talented individuals and deliver results.
  • Demonstrate strategic business sense & thought leadership to come up with unique ideas to enhance portfolio profitability & improve risk management.
  • Strong knowledge of the various credit card acquisition channels and the unique risks associated with each.
Preferred Qualifications
  • Extensive experience in Credit Card risk management with application processing & credit scoring platforms.
About Us

We are the Royal Bank of Canada, a leading financial institution dedicated to helping our clients thrive and communities prosper. 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.