Associate Director, Credit Controls and Transformation

The Associate Director will support the processes, control points, reviews, and and analysis governing the handoff of models from the development team (MDO) in Credit Modeling & Methodology (CMM) to the model users (MBO) for integration into the model production environments.

What is the opportunity?

The Associate Director, Credit Controls & Transformation, will support the ongoing design, implementation, monitoring, reporting and oversight of all processes and control points governing the handoff of models in development (MDO) in Credit Modeling & Methodology (CMM) to the model users (MBO) for integration into the model production environments. You will apply your expert knowledge of credit models and model development to collaborate with model developers, users, and validation, to drive the implementation readiness of credit impairment models, by conducting code reviews and model data assessments, and defining and ensuring compliance with the model QA standards. You will also leverage technical experience to guide model implementations that are suitable for automation and reporting, meet consistent coding and software development standards, and satisfy stakeholder requirements.

What will you do?

• Support and communicate with model development teams to escalate and keep abreast of projected delivery dates of handoffs between model development, model users, and model validation, supporting the communication to stakeholders.
• Conduct timely model code reviews to assess implementation readiness in terms of automation, reporting, computational costs, and execution.
• Support the assessment of models in development for their data dependencies, collaborating with model developers and downstream Production data to encourage alignment, and identify net new model inputs to facilitate data queries.
• Maintain a Pre-Production environment to test new models under a Production-like automation and data framework, aligning our environment to be in lockstep with Production.
• Assist in the creation and updates of the model QA standards document for use in development to demonstrate and document a standardized contract of model requirements for model user acceptance.
• Ensure all documentation, procedures and processes are kept current to reflect best practices and controls required.
• Assist the management of technology infrastructure to support model development in terms of access, availability, and usage of computing and storage resources.

What do you need to succeed?

Must-have

• 5+ years of experience with analytical work in a financial institution, specifically experience with credit risk modeling concepts and their application.
• Advanced degree in an analytical discipline such as Finance, Statistics, Data Science, Computer Science, Engineering, Mathematics, or Economics.
• A demonstrated fluency in programming (ideally SAS, Python, SQL) for the purpose of analyzing, assessing, and executing credit models.
• Experience with understanding and utilizing credit model data and related analysis.
• Excellent process management, communication, and coordination skills.
• Works well with cross-functional teams (model developers, model users, validation), demonstrating strong teamwork, communication, and people skills.
• Skilled at facilitation and information gathering, building strong relationships, and influencing stakeholders.

Nice-to-have

• Strong understanding of IFRS 9, CECL, and stress testing concepts and practice.
• Prior experience engaging with model developers and model users in a time-sensitive environment.
• Familiarity with RBC's data and infrastructure.

What's in it for you?

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.
• Leaders who support your development through training and coaching.
• Work with a dynamic, collaborative team with ability to make a difference.

Job Skills

Business Data Analysis, Code Reviews, Credit Analysis, Credit Models, Critical Thinking, Database Queries, Data Visualization, Decision Making, Long Term Planning, Microsoft Excel, Model Analysis, Model Development, Operational Delivery, Python (Programming Language), Quantitative Methods, Risk Management, SAS, Stakeholder Requirements, Structured Query Language (SQL), Teamwork, Technology Infrastructure Management

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2024-09-172024-10-05