Manager, Credit Provisioning Operations

Royal Bank of Canada • Toronto, ON

1d • Onsite

About The Position

The Manager, Credit Provisioning Operations, will support the execution of live production and infrastructure maintenance for our Credit Measurement System (CMS), which employs a collection of models used to estimate and report forward-looking expected credit losses (ECL), primarily for loans in RBC’s banking book portfolios. You will focus on models for Wholesale and Retail products, with opportunity to expand and grow through time in other related areas. The main responsibilities include understanding model behavior, analyzing model input/output, preparing reports and supporting infrastructure maintenance and system readiness. Our team prides itself for high quality work and professional conduct while maintaining a friendly and informal work environment, with opportunity for interested individuals to expand and grow in other related areas. The team has significant impact across the bank and continuous interactions with other groups, including Senior Management and regulators.

Requirements

• Undergraduate, and preferably graduate, degree in quantitative discipline such as physics, mathematics, statistics, engineering, economics, econometrics, actuarial science, finance and/or relevant professional qualifications, with focus on quantitative statistical and analytical skills
• 2+ years of relevant business work experience in quant groups (risk, front office, etc.) in the financial industry
• Prior work experience in credit risk modeling, stress testing, credit portfolio analysis, and credit provisioning
• Proficiency in Python for data analysis, model development, and automation
• 1+ years of programming experience with tools such as Excel/VBA
• Knowledge of database structure and management (SQL, SAS, etc.)
• Ability to communicate complex concepts to a non-technical audience
• Strong conceptual, analytical, and problem-solving skills. Ability to tailor analysis to required level of precision

Nice To Haves

• Professional certifications (FRM, CFA, or PRM).
• Experience with cloud-based analytics platforms (e.g., AWS, Azure) or machine learning techniques.

Responsibilities

• Assist in the execution and maintenance of time-sensitive IFRS 9 and CECL live production runs in CMS.
• Support requests from model builders, validators and auditors regarding data and methodology aspects associated with the credit loss models
• Develop and/or implement testing and reporting methodologies, including model testing, calibration and monitoring performance
• Assist in preparation of technical whitepapers and presentations, as well as other documents pertaining to implemented models, technologies, and/or analyses
• Assist in performing scenario/change impact analyses for communication to Senior Management, with focus on business and risk implications
• Facilitate integration and automation of modeling and reporting changes in CMS and their promotion to BAU production processes
• Research and keep abreast on credit methodologies and data analytics, to ensure RBC is a leading institution on best practices across the industry

Benefits

• 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.
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Ability to make a difference and last impact.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager
• Education Level: Associate degree