Associate Director, Wholesale Credit Risk Rating Methodologies

Job Description

What is the opportunity?

The Wholesale Rating Methodologies (WRM) team within Commercial & Wholesale Credit Risk is responsible for managing and updating Risk Criteria Papers (RCP). RCPs are used to assign credit ratings to the Bank's corporate clients. As Associate Director, you will update and maintain RCPs to ensure they continue to perform as intended, as well as serve as a subject matter expert for Enterprise Model Risk Management (EMRM), audit and other stakeholders for matters related to RCPs.

A typical RCP update involves independently performing data analysis and industry research to identify potential enhancements to RCPs; working with industry experts within Commercial & Wholesale Credit Risk and CNB to gather feedback and finalize the criteria; testing how the new criteria impact borrower ratings and whether they improve criteria paper performance; documenting the new criteria; and interacting with EMRM to address any findings relating to the RCP.

Key success factors in this role are the ability to identify both qualitative and quantitative risk drivers for an industry; gather feedback from, and interact with, multiple stakeholders to arrive at a consensus; work through ambiguity; and analyze data using tools such as Excel, SQL, and Python.

As Associate Director, you will also query data and develop tools to improve reporting and portfolio management within Commercial & Wholesale Credit Risk to support risk rating, credit monitoring and adjudication workflows.

What will you do?

• Analyze existing RCPs to identify opportunities to improve and simplify RCPs and demonstrate their fit-for-purposes.
• Manage the development and documentation of RCPs by liaising with industry teams and EMRM.
• Work with various teams to define business requirements for implementing RCPs into IT systems.
• Serve as a key point of contact for EMRM for findings related to criteria papers.
• Modernize the RCP development and monitoring process to reflect best practices and meet regulatory requirements.
• Develop tools to assist the adjudication, risk rating, and portfolio management workflows.
• Drive innovation within Commercial & Wholesale Credit Risk by participating in or leading projects that would benefit from WRM's technical expertise and access to data.

What do you need to succeed?

Must-have

• Minimum 5 years credit risk (wholesale is preferred) or related experience
• Ability to think critically to understand industry drivers to develop sound recommendations for criteria updates
• Solid working knowledge of SQL, Microsoft Excel, and computer programming (e.g. Python)
• Advanced organizational skills including the ability to simultaneously manage and prioritize multiple projects
• Strong communication skills (written and verbal)
• Highly developed modeling and analytical skills

Nice-to-have   

• Project management experience
• Knowledge of business intelligence tools (e.g., Tableau), and data science
• Strong facilitation skills
• Any Professional Risk designation like CFA and FRM is nice to have.
• Graduate degree in Business Administration, Finance, Economics, or a quantitative discipline

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

Job Skills

Accounting Finance, Asset and Liability Management (ALM), Commercial Loan Review, Confidentiality, Credit Analysis, Customer Service, Customer Success, Detail-Oriented, Financial Statement Analysis, Risk Management

Additional Job Details

Address:

ROYAL BANK PLAZA, 200 BAY ST:TORONTO

City:

Toronto

Country:

Canada

Work hours/week:

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

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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