Manager, Loss Forecasting

RBC • Toronto, ON

9d • Onsite

About The Position

The Loss Forecasting team within Portfolio Management and Credit Strategy (PMCS) at RBC is responsible for Stage 3 Provision for Credit Losses (PCL) forecasting for the Canadian retail portfolios. The team provides Senior Management in Risk Management, Finance, Business Units, and Investor Relations with expert analysis and guidance on the Bank’s PCL. As a Manager, you will work closely with model development teams and credit risk experts to understand drivers of changes in PCL and support the Loss Forecasting team in delivering valued analysis.

Requirements

• Minimum 2–3 years of experience in credit risk analysis, loss forecasting, or related analytical roles.
• Bachelor's degree in Finance, Statistics, Mathematics, or a related field.
• Strong analytical and statistical skills, with experience analyzing financial data and supporting model development.
• Proficiency in Python, R, and Excel for data analysis and model support.
• Solid understanding of credit risk and financial processes in Retail banking.
• Strong communication skills with the ability to explain analytical findings clearly.
• Quick learner with strong analytical and problem-solving skills.

Nice To Haves

• Familiarity with IFRS9 and credit loss forecasting methodologies.
• Experience with data visualization tools such as Power BI or Tableau.

Responsibilities

• Assist in developing, monitoring, and maintaining Stage 3 PCL loss forecasting models to support regulatory compliance and business objectives.
• Work with measurement, reporting, and modeling team members to understand assumptions in credit provisioning calculations; analyze results and help identify issues.
• Support communication with functional and business partners to identify and escalate issues affecting credit provisioning.
• Analyze datasets to identify trends, risk indicators, and key drivers of credit losses.
• Collaborate with risk, credit, analytics, and finance teams to support forecast alignment.
• Prepare reports and presentations summarizing key findings for review by senior leadership.
• Monitor model performance and support regular audits and improvement initiatives.
• Support documentation and ongoing maintenance of forecasting models.

Benefits

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
• Leaders who support your development through coaching and managing opportunities
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work
• Flexible work/life balance options

What This Job Offers

• Job Type: Full-time
• Career Level: Manager