Associate Director, Credit Modeling & Methodology

The Associate Director, Credit Modeling & Methodology will be part of the team that is responsible for the development of RBC wholesale economic capital model and the data-driven rating model for RBC small business and commercial clients in Canadian Banking.

You will be involved in the model development, model performance monitoring, the implementation of the rating model and other ad hoc analytical tasks. The team has significant impact across the bank and continuous interactions with other groups and stakeholders, including Senior Management and regulators.

What is the opportunity?

The Associate Director, Credit Modeling & Methodology will be part of the team that is responsible for the development of RBC wholesale economic capital model and the data-driven rating model for RBC small business and commercial clients in Canadian Banking.

You will be involved in the model development, model performance monitoring, the implementation of the rating model and other ad hoc analytical tasks. The team has significant impact across the bank and continuous interactions with other groups and stakeholders, including Senior Management and regulators.

What will you do?

• Participate in the end-to-end model development process, from the data extraction, data processing, to the model training and testing.
• Support the model during the model validation and auditing projects and address the issues if any.
• Involve in the model implementation and deployment.
• Support the model BAU operations (e.g., model monitoring, model production run).
• Provide analytical support on ad-hoc requests originating from various stakeholders.

What do you need to succeed?

Must-have

• Strong business and data acumen; Effective and equally conversant in translating technical expertise into business language that drives insights.
• Strong quantitative modeling skills and working experience in the model development.
• 3+ years working experience in financial industry and in the quantitative field (e.g., projects involving data manipulation, modeling, or other analytical tasks).
• A decent understanding of the credit risk fundamentals and knowledge about financial instrument pricing.
• Advanced Python programming and experience in SQL or similar tools; expertise with MS Office Suite.

Nice-to-have

• Degree in quantitative field of study (e.g., Mathematics, Statistics, Engineering, Computer Science) - to demonstrate capability for critical thinking and analytical skills.
• Working experience with data from different environments: Enterprise Data Warehouse, Hadoop, etc.
• Advanced knowledge / working experience with database management.
• Expertise in Linux server and other development platforms (e.g., Docker) including system setup and configuration.
• Modeling experience in credit risk, especially in rating models and economic capital model.

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, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Long Term Planning, Operational Delivery, Quantitative Methods, Risk Management

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2024-10-172024-11-02