Director, Credit Modeling

Job DescriptionWhat is the opportunity? The Director, Credit Modeling & Methodology will lead a model development team responsible for developing credit risk models and analytics tools used in the measurement of Expected Credit Loss, Provision for Credit Losses, Allowance for Loan and Lease Losses as well as for Stress Testing purposes primarily covering the bank’s retail portfolios.What will you do?   Execute and communicate the strategic plan to support retail Canadian models across internal stakeholders and regulators.Design and implement robust controls to strengthen the retail Canadian model governance frameworkBuild and develop a strong technical talent pool with a focus on career progression and succession planningLead model development activities including data collection, model development, testing and documentationOversee data management for modeling, ensuring infrastructure supports model development and enhancementsEvaluate and introduce new techniques for model building, staying current with best practicesUnderstand and articulate different strategic options and make strong recommendations, to Senior Director, CMM.Manage internal stakeholder relationships, ensuring effective model governance and project executionWhat do you need to succeed? Must-have   7+ years of relevant work experience in credit risk modeling (IRB, IFRS9, CCAR, CECL and EWST)Master or PhD degrees in a quantitative area (statistics, mathematics or mathematical finance or engineering) or equivalent professional qualification, with concentration in quantitative methods and/or finance.Extensive experience with robust data infrastructure, programming proficiency (e.g., Python, SQL, SAS) and credit risk model development.Exceptionally strong analytical and problem-solving skillsStrong written and verbal communication skills, particularly in explaining complex concepts to non-technical audiences.Nice-to-haveDemonstrated leadership in cross-functional environment. Being able to lead, motivate, and inspire a team towards a common goal.Creativity to go beyond current tools and deliver optimal solutions.Familiarity with additional programming languages or tools (e.g. cloud-based platforms) to enhance data processing and modeling capabilities.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 applicableLeaders who support your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamOpportunities to do challenging workOpportunities to build close relationships with clients#LI-Post#TECHPJJob SkillsAdditional Job DetailsAddress:RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity:TorontoCountry:CanadaWork hours/week:37.5Employment Type:Full timePlatform:GROUP RISK MANAGEMENTJob Type:RegularPay Type:SalariedPosted Date:2026-01-26Application Deadline:2026-02-02Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all.Join our Talent CommunityStay 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.Expand your limits and create a new future together 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.RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.