Associate Director, Stress Testing Analytics

RBC•Toronto, ON

2d•Onsite

About The Position

The Associate Director, Stress Testing Analytics will assist the Director, Enterprise Stress Testing Analytics in managing the activities of the credit stress testing team by providing expert analysis, technical solutions, and guidance on RBC’s banking book loss estimation under the bank’s enterprise stress testing activities, including the Comprehensive Capital Analysis and Review (CCAR), Macro Stress Test (MST) and Enterprise Wide Stress Test (EWST) programs. This incumbent will work with stakeholders from GRM, Finance, Treasury, IT to develop/enhance credit portfolio stress testing measurement and reporting processes, controls, and infrastructure, while ensuring compliance to internal and external requirements to meet stress testing reporting standards under US and Canadian regulations.

Requirements

A university degree in an analytical discipline such as statistics, mathematics, or economics, and relevant professional experience in quantitative methods, finance, or risk management.
3+ years of experience with analytical work with a financial institution. Other industry experience will be considered based on applicability.
Cross-functional capability, with good business, risk, and regulatory requirement knowledge in more than one of the following risk areas: market or trading risk, credit risk, structural interest rate risk, and liquidity risk.
Experience understanding data and related analysis with proven experience working with SAS, Python, Spark, and SQL.
Proven experience working with version control systems, particularly Git.
Experienced in working with Internal and External Auditors.
Knowledge of Credit Risk modelling concepts and their application

Nice To Haves

Prior experience preferred in stress testing or cross-functional coordination within a risk subject matter expert role.
Ability to quickly grasp new concepts, especially in the field of risk management and finance/accounting (e.g. CCAR, EWST).
Ability to tailor analysis to required level of precision.
Ability to communicate, verbal and in writing, complex concepts to a non-technical audience.
Strong risk and controls mindset.

Responsibilities

Implement and execute reporting analytics and procedures required for reporting ACL (Allowance for Credit Losses) and PCL (Provisions for Credit Losses) under the banking book portfolio for stress testing programs.
Own and execute the reporting processes, maintain, and enhance process efficiencies to reduce operational risks.
As the subject matter expert on credit provisioning and loss metrices ACL/PCL, you will be interacting with model implementation teams to understand the data lineage required for downstream reporting of stress testing results.
Work with stress testing teams to implement the reporting and analytical systems to support regulatory submissions and supporting team through the ongoing annual and quarterly stress tests under CCAR, MST, and EWST programs.
Effectively manage the reporting of stress testing results, to be incorporated into Review & Challenge (R&C) decks for the presentation to the senior management and stakeholders.
Aid in the design, implementation, and execution of specific processes and/or controls to operationalize the functionality of the team where needed.
Lead remediation effort and plan for control/compliance issues identified by management, internal and external auditors.
Anticipate, and be able to answer, both written and verbally, nearly all substantive questions related to the work of their team to internal and external stakeholders, including the respective regulators.
Independently validate stress testing results and ensure adequate governance over processes.