About this role
Job Description
What is the opportunity?
As part of the Group Risk Management team, the Associate Director, IFRS 9 Execution & Analytics will assist the execution, business engagement, and analytics of RBC’s IFRS 9 credit provisioning. The Associate Director will support the Director, IFRS 9 Credit Provisioning in developing and generating reports for oversight committees and senior management
What will you do?
- Execute RBC’s credit provisioning analysis, reporting (including inputs to enterprise/segment financial outlooks/plans), and communication function under IFRS 9, meeting the needs of internal and external stakeholders.
- Assist with preparing reports and analyses for the Allowance Committee and senior executives, explaining/correlating reported expected credit loss (ECL) with macroeconomic and portfolio loss drivers.
- Maintain strong communication with functional and business partners for timely analyses and reviews.
- Work with the Credit Measurement System (CMS) and Modeling teams to understand credit provision results and assumptions, provide subject matter content for ongoing enhancement of the methodologies in use.
- Enhance credit provisioning analytics to inform portfolio decisioning at enterprise level.
- Ensure requisite processes are maintained and their execution adequately documented, with internal management and / or SOX controls as appropriate.
- Support GRM-Enterprise Risk’s broader mandate in articulating RBC’s risk appetite, setting limits, and carrying out enterprise-wide stress testing, as related to loan portfolio analytics.
- Keep abreast of macroeconomic, regulatory, accounting and other financial industry developments as they relate to RBC's credit provisioning (both wholesale and retail).
What do you need to succeed?
Must Have:
- Strong banking and risk knowledge (wholesale or retail credit or both), with cross-functional capability Risk and Finance;
- University degree preferred in an analytical discipline such as Finance, Statistics, Mathematics, or Economics;
- Experience in SAS/R/Python/MATLAB or other mathematical / statistical programming languages
- Strong ability to communicate, verbally and in writing, complex concepts in non-technical terms to business segment and Finance.
- Quick learner with outstanding analytical, and problem solving skills, with an ability to work towards challenging deadlines and deliver under pressure
Nice-to-Have:
- A thorough understanding of relevant accounting and regulatory rules and requirements (IFRS 9, Basel) preferred
- Experience with Canadian Banking retail portfolios (Home Equity Finance, Cards, Personal Lending)
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
Base SAS, Budget Preparation, Communication, Consumer Credit Risk, Credit, Credit Risk Management, IFRS 9, Learning Quickly, Portfolio Analysis, Quantitative AnalyticsAdditional Job Details
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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.
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About RBC
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 17 million clients in Canada, the U.S. and 27 other countries. Learn more at rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at www.rbc.com/community-social-impact.
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La Banque Royale du Canada est une institution financière mondiale définie par sa raison d'être, guidée par des principes et orientée vers l'excellence en matière de rendement. Notre succès est attribuable aux quelque 94 000+ employés qui mettent à profit leur créativité et leur savoir faire pour concrétiser notre vision, nos valeurs et notre stratégie afin que nous puissions contribuer à la prospérité de nos clients et au dynamisme des collectivités. Selon la capitalisation boursière, nous sommes la plus importante banque du Canada et l'une des plus grandes banques du monde. Nous avons adopté un modèle d'affaires diversifié axé sur l'innovation et l'offre d'expériences exceptionnelles à nos plus de 17 millions de clients au Canada, aux États Unis et dans 27 autres pays. Pour en savoir plus, visitez le site rbc.com/francais
Nous sommes fiers d'appuyer une grande diversité d'initiatives communautaires par des dons, des investissements dans la collectivité et le travail bénévole de nos employés. Pour de plus amples renseignements, visitez le site www.rbc.com/collectivite-impact-social.
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What you'll do
- The Associate Director will execute credit provisioning analysis and reporting under IFRS 9, supporting internal and external stakeholders. They will also prepare reports for oversight committees and maintain communication with business partners.
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