Director, Credit Modeling & Methodology

Job Description

What is the opportunity?

The Director, Credit Modeling & Methodology will lead a model development team responsible for developing credit risk models and analytics tools used in the measurement of Expected Credit Loss, Provision for Credit Losses, Allowance for Loan and Lease Losses as well as for Stress Testing purposes primarily covering the bank's retail portfolios.

What will you do?

• Execute and communicate the strategic plan to support retail Canadian models across internal stakeholders and regulators.

• Design and implement robust controls to strengthen the retail Canadian model governance framework

• Build and develop a strong technical talent pool with a focus on career progression and succession planning

• Lead model development activities including data collection, model development, testing and documentation

• Oversee data management for modeling, ensuring infrastructure supports model development and enhancements

• Evaluate and introduce new techniques for model building, staying current with best practices

• Understand and articulate different strategic options and make strong recommendations, to Senior Director, CMM.

• Manage internal stakeholder relationships, ensuring effective model governance and project execution

What do you need to succeed?

Must-have

• 7+ years of relevant work experience in credit risk modeling (IRB, IFRS9, CCAR, CECL and EWST)

• Master or PhD degrees in a quantitative area (statistics, mathematics or mathematical finance or engineering) or equivalent professional qualification, with concentration in quantitative methods and/or finance.

• Extensive experience with robust data infrastructure, programming proficiency (e.g., Python, SQL, SAS) and credit risk model development.

• Exceptionally strong analytical and problem-solving skills

• Strong written and verbal communication skills, particularly in explaining complex concepts to non-technical audiences.

Nice-to-have

• Demonstrated leadership in cross-functional environment. Being able to lead, motivate, and inspire a team towards a common goal.

• Creativity to go beyond current tools and deliver optimal solutions.

• Familiarity with additional programming languages or tools (e.g. cloud-based platforms) to enhance data processing and modeling capabilities.

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

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.