Associate Director, Credit Risk Modeling and Methodology

Job Description

What is the Job Opportunity?

The Associate Director, Credit Risk Modeling and Methodology will support the model development and model monitoring of the credit risk models for RBC's Retail portfolios from a data analytics and portfolio management perspective. Credit risk models include AIRB capital program, IFRS9 and CECL provisioning program, and Stress Testing programs.
You will focus on the preparation of the data ingested for modeling Retail parameters: PD/LGD/EAD, and back-testing of the parameter performance. You will play a key role in ensuring the accuracy, consistency, and regulatory compliance of data used in credit risk modeling. You will assist the Director, Credit Risk Modeling and Methodology in the execution and maintenance of tools and processes that support model development and model performance monitoring. You will assist Senior Management and the Board in understanding critical parameter estimation issues relating to credit risk parameters.

What will you do?

• Model Performance Monitoring and Reporting: Perform the quarterly monitoring process for AIRB and IFRS 9 models and Stress Testing models, ensuring quarterly regulatory reports reflects the bank's true loss experience and provisioning. Analyze trends, variances, and potential data/model issues that may arise during the monitoring process.
• Analytics for Credit Risk Models: Provide expert support on data preparation and manipulation for AIRB and IFRS 9 credit risk models and Stress Testing models, for example, construct cohorts, conduct pattern analysis, inference the potential impacts on parameters and modeling etc. Collaborate closely with stakeholders including modeling team, credit strategy team, validation team and provide advanced level analytical support.
• Data Quality Management: Lead initiatives to monitor, assess, and enhance data quality across various systems. Have a good understanding of retail products (including mortgages, line of credits, credit cards etc.) and be able to apply the knowledge and relate it to usage of data in modeling framework – detecting data anomalies, product evolvements, gaps or issues that could impact model performance or regulatory reporting.
• Regulatory Compliance and Stakeholder Engagement: Ensure that all processes and reports comply with relevant regulatory requirements and internal modeling standards. Work with model validation, internal audit and regulators as necessary, providing analytical insights and recommendations.
• Continuous Improvement: Identify opportunities for process improvements. Implement best practices to enhance the efficiency and effectiveness of data analytics in credit risk modeling.
• Documentation and Standards: Develop and maintain comprehensive documentation of data processes, standards, and quality controls. Ensure that these documents are up-to-date and accessible to relevant stakeholders.

What do you need to succeed?

Must-have

• Degree in quantitative field of study (e.g. Statistics, Computer Science, Finance, Economics, Business Administration) – to demonstrate capability for critical thinking and data analytics
• A minimum 3-5 years of related experience with in-depth knowledge in any of the following disciplines: risk management (credit, market, operational, etc.), data science, data analytics
• Strong data manipulation capability and analytical skills with advanced knowledge in Python, SAS, SQL; expertise with MS Office Suite.
• Effective and equally conversant in translating technical expertise into business language that drive insights

Nice-to-have

• Experience in the Financial industry
• Demonstrated leadership in cross-functional environment
• Strong credit risk modeling knowledge and good understanding of consumer lending products such as mortgages, credit cards, lines of credits etc.
• Advanced knowledge and working experience with data management and data visualization using tools including Tableau

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

Client Counseling, Competitive Markets, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, Risk Management

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:

2025-12-24

Application Deadline:

2026-01-19

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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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.