Associate Director - Wholesale Credit Methodologies

RBC•Toronto, ON

1d•Onsite

About The Position

The Wholesale Rating Methodologies (WRM) team within Commercial & Wholesale Credit Risk is responsible for managing and updating Risk Criteria Papers (RCP). RCPs are used to assign credit ratings to the Bank’s corporate clients. As Associate Director, you will update and maintain RCPs to ensure they continue to perform as intended, as well as serve as a subject matter expert for Enterprise Model Risk Management (EMRM), audit and other stakeholders for matters related to RCPs. You will also understand the Enterprise LGD policy in depth and the associated system workflows to serve as a subject matter expert on LGDs for commercial and wholesale adjudicators. A typical RCP update involves independently performing data analysis and industry research to identify potential enhancements to RCPs; working with industry experts within Commercial & Wholesale Credit Risk and CNB to gather feedback and finalize the criteria; testing how the new criteria impact borrower ratings and whether they improve criteria paper performance; documenting the new criteria; and interacting with EMRM to address any findings relating to the RCP. Key success factors in this role are the ability to identify both qualitative and quantitative risk drivers for an industry; gather feedback from, and interact with multiple stakeholders to arrive at a consensus; work through ambiguity; and analyze data using tools such as Excel, SQL, and Python. As Associate Director, you will also query data and develop tools to improve reporting and portfolio management within Commercial & Wholesale Credit Risk to support risk rating, credit monitoring and adjudication workflows. LGD governance is another key responsibility where the team is responsible for ensuring that LGDs are applied accurately by the adjudicators as prescribed in the Enterprise policy on LGDs. Should instances arise where LGDs are incorrectly applied, you are expected to manage projects to resolve LGD issues by liaising with various stakeholders.

Requirements

Minimum 5 years credit or related experience
Graduate degree in Business Administration, Finance, Economics, or a quantitative discipline
Ability to think critically to understand industry drivers to develop sound recommendations for criteria updates
Solid working knowledge of SQL, Microsoft Excel, and computer programming (e.g. Python)
Advanced organizational skills including the ability to simultaneously manage and prioritize multiple projects
Strong communication skills (written and verbal)
Highly developed modeling and analytical skills

Nice To Haves

Project management experience
Knowledge of business intelligence tools (e.g., Tableau), and data science
Strong facilitation skills

Responsibilities

Analyze existing RCPs to identify opportunities to improve and simplify RCPs and demonstrate their fit-for-purposes.
Manage the development and documentation of RCPs by liaising with industry teams and EMRM.
Work with various teams to define business requirements for implementing RCPs into IT systems.
Serve as a key point of contact for EMRM for findings related to criteria papers.
Modernize the RCP development and monitoring process to reflect best practices and meet regulatory requirements.
Develop tools to assist the adjudication, risk rating, and portfolio management workflows.
Drive innovation within Commercial & Wholesale Credit Risk by participating in or leading projects that would benefit from WRM’s technical expertise and access to data.
Act as a subject matter expert from WCR while interacting with validation/audit/regulatory teams on LGD related issues
Manage projects to resolve outstanding LGD issues