Associate Director, Stress Testing Reporting

Job Description

What is the opportunity?

The Associate Director, Stress Testing Reporting will assist the Director, Enterprise Stress Testing Analytics in managing the activities of the credit stress testing team by providing expert analysis, technical solutions, and guidance on RBC's banking book loss estimation under the bank's enterprise stress testing activities, including the Macro Stress Test (MST), Enterprise Wide Stress Test (EWST), and Comprehensive Capital Analysis and Review (CCAR) programs.

This incumbent will work with stakeholders from GRM, Finance, Treasury, IT to develop/enhance credit portfolio stress testing measurement and reporting processes, controls, and infrastructure, while ensuring compliance to internal and external requirements to meet stress testing reporting standards under Canadian and US regulations.

What will you do?

• Implement and execute reporting analytics and procedures required for reporting ACL (Allowance for Credit Losses), PCL (Provisions for Credit Losses), and RWA (Risk Weighted Assets) under the banking book portfolio for stress testing programs.
• Own and execute the reporting processes, maintain, and enhance process efficiencies to reduce operational risks. As the subject matter expert on credit provisioning and loss metrices ACL/PCL, you will be interacting with model implementation teams to understand the data lineage required for downstream reporting of stress testing results.
• Work with stress testing teams to implement the reporting and analytical systems to support regulatory submissions and supporting team though the ongoing annual and quarterly stress tests under MST and EWST programs.
• Effectively manage the reporting of stress testing results, including presentations to the senior management and stakeholders.
• Aid in the design, implementation, and execution of specific processes and/or controls to operationalize the functionality of the team where needed.
• Lead remediation effort and plan for control/compliance issues identified by management, internal and external auditors.
• Anticipate, and be able to answer, both written and verbally, nearly all substantive questions related to the work of their team to internal and external stakeholders, including the respective regulators. 
• Independently validate stress testing results and ensure adequate governance over processes.

What do you need to succeed?

Must-have

• A degree in an analytical discipline such as statistics, mathematics, or economics, and relevant professional experience in quantitative methods, finance, or risk management.
• 3+ years of experience with analytical work with a financial institution. Other industry experience will be considered based on applicability.
• Cross-functional capability, with good business, risk, and regulatory requirement knowledge in more than one of the following risk areas: market or trading risk, credit risk, structural interest rate risk, and liquidity risk.
• Experience understanding data and related analysis including expertise in programming languages such as SAS and Python.
• Experienced in working with Internal and External Auditors.
• Knowledge of Credit Risk modelling concepts and their application

Nice-to-have

• Prior experience preferred in stress testing or cross-functional coordination within a risk subject matter expert role.
• Ability to quickly grasp new concepts, especially in the field of risk management and finance/accounting (e.g. EWST, CCAR).
• Ability to tailor analysis to required level of precision.
• Ability to communicate, verbal and in writing, complex concepts to a non-technical audience.
• Strong risk and controls mindset.

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

• Leaders who support your development through training and coaching

• Work with a dynamic, collaborative team with ability to make a difference

Job Skills

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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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