Senior PPNR Modeler

Royal Bank of Canada • Jersey City, NJ

51d • $110,000 - $190,000

About The Position

The senior PPNR modeler in the PPNR modeling development team is an integral part of the overall CCAR process. This individual will develop and maintain quantitative models and qualitative methodologies with firm specific business drives that will be used in the annual CCAR exercises. Further, this individual will be responsible for all required statistical testing, model monitoring, documentation, and implementation of PPNR Models.

Requirements

• Bachelor's Degree (Masters or Phd. Preferred)
• Minimum 5 years recent relevant experience
• Quantitative modeling (R,)
• Experiences in R, or other analytical tools
• Strong computer skills in organizing and manipulating large amounts of data (Advanced MS Excel, R)

Nice To Haves

• Experience working in PPNR modeling and the experiences with CCAR process
• Degrees in Business, Mathematics, Economics or Statistics
• Knowledge in trading portfolios and wealth management

Responsibilities

• Assist with the design, build, and implementation of various statistical and econometric models in R along with supporting technical infrastructure to forecast the stress scenarios for PPNR components for the RBC IHC entity - 40%
• Assist with the design, implementation and maintenance of regression and non-regression model approaches in R. - 20%
• Maintain existing RMarkdown documentation process for all relevant PPNR documentations - 20%
• Aid in translating business and economic drivers into financial statements impact using non-regression analytics approach - 10%
• Support ad-hoc analysis, development model documentation, review and challenge decks and other supporting documentation to meet CCAR requirements - 10%
• Analyze and recommend enhancements to existing firm processes to streamline model approach or enhance overall quality and accuracy of the process - 5%

Benefits

• We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive 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, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Industry: Credit Intermediation and Related Activities
• Number of Employees: 5,001-10,000 employees