Associate Director, IFRS 9 Execution

Job Description

What is the opportunity?

As part of the Group Risk Management team, the Associate Director, IFRS 9 Execution & Analytics will assist the execution, business engagement, and analytics of RBC's IFRS 9 credit provisioning. The Associate Director will support the Director, IFRS 9 Credit Provisioning in developing and generating reports for oversight committees and senior management

What will you do?

• Execute RBC's credit provisioning analysis, reporting (including inputs to enterprise/segment financial outlooks/plans), and communication function under IFRS 9, meeting the needs of internal and external stakeholders.
• Assist with preparing reports and analyses for the Allowance Committee and senior executives, explaining/correlating reported expected credit loss (ECL) with macroeconomic and portfolio loss drivers.
• Maintain strong communication with functional and business partners for timely analyses and reviews.
• Work with the Credit Measurement System (CMS) and Modeling teams to understand credit provision results and assumptions, provide subject matter content for ongoing enhancement of the methodologies in use.
• Enhance credit provisioning analytics to inform portfolio decisioning at enterprise level.
• Ensure requisite processes are maintained and their execution adequately documented, with internal management and / or SOX controls as appropriate.
• Support GRM-Enterprise Risk's broader mandate in articulating RBC's risk appetite, setting limits, and carrying out enterprise-wide stress testing, as related to loan portfolio analytics.
• Keep abreast of macroeconomic, regulatory, accounting and other financial industry developments as they relate to RBC's credit provisioning (both wholesale and retail).

What do you need to succeed?

Must Have:

• Strong banking and risk knowledge (wholesale or retail credit or both), with cross-functional capability Risk and Finance;
• University degree preferred in an analytical discipline such as Finance, Statistics, Mathematics, or Economics;
• Experience in SAS/R/Python/MATLAB or other mathematical / statistical programming languages
• Strong ability to communicate, verbally and in writing, complex concepts in non-technical terms to business segment and Finance.
• Quick learner with outstanding analytical, and problem solving skills, with an ability to work towards challenging deadlines and deliver under pressure

Nice-to-Have:

• A thorough understanding of relevant accounting and regulatory rules and requirements (IFRS 9, Basel) preferred
• Experience with Canadian Banking retail portfolios (Home Equity Finance, Cards, Personal Lending)

What is in it for you?

We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed 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
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater accountabilities

Job Skills

Additional Job Details

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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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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.