Manager, Credit Risk Measurement
Apply NowCompany: Royal Bank of Canada
Location: Toronto, ON M4E 3Y1
Description:
Job Summary
Job Description
What is the opportunity?
As part of the Group Risk Management team, the Manager, Credit Risk Measurement will implement stress testing components and participate in risk management analytics and processes to minimize credit risk. The ideal candidate will apply extensive, in-depth knowledge, skills, and practices to perform complex assignments.
What will you do?
What do you need to succeed?
Must Have:
Nice-to-Have:
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.
Job Skills
Actuarial Modeling, Business Analytics, Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Predictive Analytics, Risk Management, Standard Operating Procedure (SOP), Statistical Analysis
Additional Job Details
Address:
RBC CENTRE, 155 WELLINGTON ST W:TORONTO
City:
TORONTO
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-04-24
Application Deadline:
2025-05-10
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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.
Job Description
What is the opportunity?
As part of the Group Risk Management team, the Manager, Credit Risk Measurement will implement stress testing components and participate in risk management analytics and processes to minimize credit risk. The ideal candidate will apply extensive, in-depth knowledge, skills, and practices to perform complex assignments.
What will you do?
- Develops and maintains tools used for the implementation and execution of credit risk models. These models are used in the measurement of Expected Credit Loss (ECL), Provision for Credit Losses, and RWA for internal and regulatory stress testing.
- Execute the production of stress testing projections for internal and regulatory filings.
- Identify ECL production challenges and conducts independent problem solving to resolve proficiently.
- Support ad-hoc stress testing and analytical request.
- Communicate results and analyses to management and key stakeholders.
What do you need to succeed?
Must Have:
- Experience with SAS & Python programming
- Experience with data analytics
- Knowledge of credit products in the financial industry
- Post-graduate degree with quantitative background, such as mathematics, statistics, economics, etc.
Nice-to-Have:
- Familiarity with statistical modelling of credit products
- Experience with IFRS 9 or stress testing programs in the financial industry
- Master/Ph.D. degree
- FRM/CFA designation
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
Actuarial Modeling, Business Analytics, Credit Analysis, Financial Regulation, Internal Auditing, Investment Risk Management, Predictive Analytics, Risk Management, Standard Operating Procedure (SOP), Statistical Analysis
Additional Job Details
Address:
RBC CENTRE, 155 WELLINGTON ST W:TORONTO
City:
TORONTO
Country:
Canada
Work hours/week:
37.5
Employment Type:
Full time
Platform:
GROUP RISK MANAGEMENT
Job Type:
Regular
Pay Type:
Salaried
Posted Date:
2025-04-24
Application Deadline:
2025-05-10
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.
Join our Talent Community
Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.
Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com.