Associate Director, Wealth Management Risk Analytics

Job Description

What is the Opportunity?

Group Risk Management (GRM) is responsible for providing independent and objective oversight of the management of significant risks arising from RBC's businesses and operations, supported by comprehensive risk management frameworks, policies and practices, robust risk management systems, and experienced professionals. The GRM Wealth Management team provides risk oversight, portfolio management, and assessment of both financial and non-financial risk for RBC legal entities within the Wealth Management business. This includes but not limited to review of bespoke transaction risk, credit risk adjudication, and operational risks.
The Associate Director (AD), Wealth Management Risk Analytics sits at the intersection of financial engineering, software development, and risk oversight. You will perform a key role in leading the development of risk data transformation, analysis tools and processes while supporting risk oversight of financial risk (credit, market, liquidity and interest rate risk) through risk analysis and dashboarding.

What will you do?

Risk Analytics & Development

• Lead the development and innovation of risk analytic infrastructure working closely with the business, IT and regional teams to enhance the existing analytical risk metrics, tools and reports.

• Develop, produce and analyze interactive dashboards to communicate complex risk metrics to executive level stakeholders and operational committees.

• Maintain close contact with the business, regional teams and other Group Risk Management units (GRM) regarding market conditions, operating environment, risk positions, to understand core business goals and help achieve results through a data driven approach

• Continuously research and integrate machine learning (ML) or AI techniques to improve risk triggers, scorecards

Risk Oversight & Analysis

• Pro-actively investigate risks and perform deep dives to provide clear and comprehensive analysis to senior management on risk trends and concerns to influence decision making at senior leadership levels

• Contribute to the development of credit policies and establishing risk tolerance limits in conjunction with the business and other risk teams ensuring policies/limits remain current, comprehensive and clearly understood by all business partners.

• Facilitate business growth through the review and assessment of new products, trading strategies or significant deals ensuring the risks are in line with risk tolerance while recommending and implementing appropriate risk controls.

What do you need to succeed?

Must-have

• Highly proficient with Python, SQL, and Excel

• 4+ years of relevant experience in an analytical or quantitative risk control function (eg business analytics, consulting, market risk, credit risk).

• Experience with complex, large-scale relational databases with an aptitude to adapt and implement additional technical applications or tools.

• Strong critical thinker with a passion for solving complex problems.

• Proven organizational skills, with the ability to meet strict deadlines.

Nice-to-have

• Professional experience building tools, dashboards, and reports using Power BI, Tableau, VBA.

• Superior communication skills for presenting data to senior leadership.

• MBA, MA, MS or equivalent with emphasis in finance, risk management, data science, or a quantitative discipline is preferred.

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, 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

• Opportunities to do challenging work

• Opportunities to build close relationships with clients

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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.