Senior Manager, Loss Forecasting

Job Description
What is the opportunity?
The Loss Forecast team within Portfolio Management and Credit Strategy (PMCS) at RBC is responsible for S3 PCL forecasting for the Canadian retail portfolio. The team provides Senior Management in Risk Management, Finance, Business Units, and Investor Relations with expert analysis and guidance on the Bank's provisions for credit losses (PCL).

As the Senior Manager, you will be a subject matter expert for S3 PCL, working closely with model development teams and credit risk experts to understand drivers of changes in PCL and deliver valued analysis.

What will you do?

• Develop, monitor, and maintain S3 PCL loss forecasting models to support regulatory compliance and business objectives.
• Work with measurement, reporting and modeling team members to understand the assumptions used in calculation and reporting of credit provisioning, analyse results and help troubleshoot and resolve issues affecting the production of reporting responsibilities.
• Maintain strong communication with functional and business partners for timely identification and escalation of issues affecting credit provisioning results
• Analyze large and complex datasets to uncover trends, risk indicators, and key drivers of credit loss.
• Collaborate closely with risk, credit, analytics, and finance teams to ensure forecasts are aligned and actionable.
• Prepare detailed reports and presentations for senior leadership, summarizing findings and recommendations.
• Track model performance, conduct regular audits, and implement enhancements to improve accuracy and reliability.
• Ensure all models meet regulatory standards and adhere to internal policies and procedures.
• Support ongoing recalibration, documentation, and continuous improvement of forecasting models.

What do you need to succeed?
Must-have

• Minimum 5 years of experience in loss forecasting, credit risk modeling, or related analytical roles. Master's degree in Finance, Statistics, Mathematics, or a related field.
• Advanced analytical and statistical skills, with hands-on experience in developing and validating forecasting models.
• Proficiency in Python, R, and Excel for data analysis, automation, and model development.
• Strong business acumen and deep understanding of credit risk and financial processes in Retail banking.
• Excellent communication skills, with the ability to present complex findings clearly to senior stakeholders.
• Quick learner with outstanding conceptual, analytical, and problem-solving skills, with an ability to deliver under pressure.

Nice-to-have

• Knowledge of IFRS9 and regulatory requirements related to credit loss forecasting.
• Experience with data visualization tools such as Power BI or Tableau to enhance reporting and insights.

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
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

Job Skills
Analytical Thinking, Business Data Analysis, Communication, Credit Analysis, Credit Risk Analysis, Credit Risks, Database Queries, Data Visualization, Decision Making, Long Term Planning, Loss Forecasting, Operational Delivery, Quantitative Methods, Risk Analysis, 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:

Application Deadline:

Note
:
Applications will be accepted until 11:59 PM on the day prior to the application deadline date above
I
*nclusion*
and Equal Opportunity Employment
At 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.

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