Associate Director

Job Description

What is the opportunity?

RBC is hiring an Associate Director of Wholesale Credit Stress Testing. This role is responsible for the wholesale credit stress projections for the Enterprise-Wide Stress Test, US and Canada regulatory stress tests and ad-hoc analytics to support senior management. 

As a credit specialist on the Credit and Enterprise Stress Testing team, the role involves learning about the bank's wholesale loan portfolios, material risks, risk models and collaborating with credit subject matter experts. It involves ownership of analysis, developing credit projections and reporting of key insights into RBC vulnerabilities to senior management and regulators.

In this role and as part of the Enterprise Stress Testing team, 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.

This role mandates 4 in-office days per week based out of the downtown Toronto office.

What will you do?

• Perform wholesale credit risk stress testing exercise and ad-hoc analyses

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

• Produce credit risk stress testing reports and presentations

• Take ownership of the planning and execution of stress testing activities

• Engage cross-functional stakeholders across Finance, Wholesale Credit Risk, Model Risk, Counterparty Credit Risk and Business Segments

• Coordinate with relevant subject matter experts to integrate the latest advancements in climate risk modelling into the credit risk projections.

• 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 risk management (credit, liquidity and/or market risk) and/or risk consulting

• Solid knowledge of stress testing and credit risk methodologies

• Advanced proficiency with Excel, Python, SQL and PowerPoint  

• Strong analytical, communication and time management skills

Nice-to-have

•   Graduate degree in a relevant field

•   Proficiency with a range of data tools, such as Tableau, Bloomberg Terminal, etc.

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

•   Experience analyzing wholesale portfolios

• Understanding of model risk management and validation processes

• Experience applying statistical concepts including, but not limited to: linear and logistic models, supervised statistical learning, clustering, recommendation systems, times-series analysis, experimental design (A/B testing)

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

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

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.