Associate Director

Job Description

What is the opportunity?

RBC Caribbean Banking ("RBCC") is hiring an Associate Director - Treasury Analytics, Automation and Stress Testing. This role will be responsible for identifying, delivering, and evolving the data ecosystem and its capabilities while ensuring the integrity and completeness of data in support of managing key risks, streamlining processes, reporting and adhering to regulatory requirements. The role will also be responsible for the development and implementation of stress testing tools to support the data generation and aggregation for various internal and regulatory stress testing programs (specific focus on ICAAP & Recovery Planning), working with key stakeholders to produce economic scenarios, building analytical tools with insights into how RBCC's balance sheet and key financial ratios perform under stress.

In this role, there are unique opportunities to gain a birds-eye view into the inner workings of a large financial institution; learn finance, risk, and treasury concepts; employ data science skills; and learn how novel risks such as geopolitical tensions and climate change impact the Bank.

What will you do?

• Lead and support the development and advancement of analytical capabilities to enable data-driven insights and enhanced reporting to be delivered by Treasury

• Analyze data using empirical and statistical techniques to fine tune financial and risk projections and validate model assumptions

• Work in tandem with the Enterprise Caribbean data SMEs to develop a strong foundation for Caribbean Treasury data and support the opportunities to allow for the acceleration of the work to establish the data quality and governance required to generate future growth for the team

• Collaborate with key partners within the Business, GRM, and Sales, to recognize areas of opportunity and optimize treasury analytics and data capabilities

• Collaborate with team leadership in achieving a transformation of Caribbean Banking stress testing capabilities and frameworks

• Develop the macroeconomic variable expansion tools required for stress testing. This includes historical data analysis, model development and validation

• Participate in development and analysis of stress scenarios, assumptions and methodologies to ensure they are appropriate for use at the country and/or legal entity levels

• Produce stress testing results covering the impacts on capital, liquidity and management action under various stress scenarios

• Maintain deep understanding of ICAAP regulatory expectations across the Caribbean with specific focus in Trinidad and Tobago, The Bahamas, Cayman Islands, Barbados and the Dutch Caribbean, and keep abreast of advances in stress testing analytics

• Cross-functional participation and support in Group Risk Management (GRM) and Enterprise CT stress testing projects

• Build a deep and holistic understanding of the various entities within the bank and how changes in the external environment can impact financial performance

• End-to-end project management, from idea conception, solution design, stakeholder buy-in, implementation and monitoring

What do you need to succeed?

Must-have

• Bachelor's or master's degree in Finance, Accounting, Risk Management, Engineering, Computer Science, Statistics, Mathematics, Behavioral Economics, or other quantitative field of study

• 3+ years of industry experience in financial services (stress testing, corporate treasury, risk management)

• Experience developing concise and impactful executive-level reports, presentations, and other deliverables

• Advanced proficiency with Excel, Python, SaaS, SQL, PowerPoint, Tableau or other reporting tools

• Advanced analytical, problem solving and time management skills

• Strong understanding of banks' balance sheets, P&L and capital

Nice-to-have

•   Previous experience running ICAAP, Stress Testing or Capital Planning programs

•   Proficiency with a range of tools and systems eg. Bloomberg Terminal etc.

•   CFA, FRM, CTP  or any finance- or risk-related professional designation/certification.

What's in it for you?

We thrive on the challenge to be our best and encourage 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

• Opportunities to do challenging work

Job Skills

Business Data Analysis, Commercial Acumen, Data Gathering Analysis, Decision Making, Financial Regulation, Financial Services Industry, Risk Management, Strategic Thinking, Treasury Management

Additional Job Details

Address:

RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

Employment Type:

Full time

Platform:

PERSONAL & COMMERCIAL BANKING

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

Inclusion 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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