Senior Director, Risk Modeling

What is the opportunity?

As part of the Group Risk Management (GRM) team, the Senior Director,

Risk Modeling will play a pivotal role in managing the suite of predictive credit risk models pertaining to retail products such as credit cards, mortgages, line of credit and automotive financing loans.

The incumbent will lead a team of data scientists, modelers, and analysts in developing state-of-the-art machine learning models to predict retail borrower credit risk; provide thoughts leadership to technology infrastructure enabling efficient analytics and execution robustness. Additionally, the incumbent will lead the forecasting of PCL for risk financial planning.

Core competencies for this role will include: strong people and leadership skills with a passion for developing a diverse range of direct reports into future leaders; exceptional communication skills with the ability to positively influence a broad range of key stakeholders; ability to effectively apply a strong set of analytical skills to identify core insights that will inform business strategy; ability to think outside the box to drive a client and employee experience that will enable the Bank to achieve premium growth while optimizing overall profitability; and lastly, have a strong bias for action and ability to adapt to the unforeseen and situations.

The role reports to the VP, Retail Risk, Models & Portfolio Management

What will you do?

Leadership:

• Leverage and personally demonstrate RBC's Leadership Model to engage, empower and develop a team of subject matter experts that can deliver against key imperatives.
• Create a safe environment that allows people to: speak up; offers opportunities to fail and learn; focus on what matters; draws out diverse perspectives and thinking; enables a high caliber of collaboration and flexibility; and, ultimately unlocks the full potential of the team.
• Ability to partner very effectively with a diverse group of stakeholders.

Product & Analytics:

• Accountable for leading and directing the Manager, Model Development to ensure he/she builds innovative, predictive models for both Consumer and Small Business that balance growth and risk. These statistical models support the origination, portfolio management, collections, stress testing and Basel areas. The incumbent must ensure that the models deliver business results that support prudent risk management practice by overseeing the evaluation and monitoring of model quality and their impact on business profitability.
• Leverages deep modeling and industry/business expertise to guide the team to establish priorities for new and innovative models that deliver improvements delinquency, loss prevention, loan growth, profitability optimization and regulatory capital calculation. This includes exploring opportunities to leverage the mathematical optimization capabilities.
• Responsible for managing the relationship with the credit bureaus, including partnering with other internal teams to develop a strategic roadmap for usage of products available from the credit bureaus, and negotiating contracts for those products.
• Responsible for PCL forecasting, portfolio stress testing leveraging product level risk predictive models and risk financial planning methodology.

What do you need to succeed?

Must Have

• Strong experience in risk management, with a solid understanding of the Retail Lending business, including product economics.
• Minimum 10 years experience in financial services, having recent senior level positions, and a full awareness of the strategic issues and opportunities facing the industry.
• Deep knowledge of advanced statistical tools as well as an ability to use these tools effectively in credit strategies.
• Strong analytical skills with the ability to interpret data, innovate and make strategic decisions.
• ·Ability to generate unique, actionable insights & recommendations from analytics and use strong presentation skills to develop a compelling business case for them in from of senior management
• ·Experience in developing a Test & Learn Environment and knowledge of designing & executing comprehensive Foundational Testing
• ·Deep knowledge and experience with robust data infrastructure of model development and analytics.
• ·Strong people management skills with a proven ability to lead a team of highly talented individuals and deliver results.
• ·Demonstrate Strategic business sense & thought leadership to come up with unique ideas to enhance portfolio profitability & improve risk management.
• Strong knowledge of the various Retail Lending acquisition channels and the unique risks associated with each.
• ·Strong knowledge of collections & other account management processes.
• · Demonstrated leadership in cross-unit & cross-functional cooperation and information sharing.
• ·Solid communication and presentation skills with the integrity and confidence to liaise with senior executives.

Nice to Have

• University degree in a quantitative field of study (e.g., statistics, engineering, economics, mathematical finance) - to demonstrate ability for critical thinking & numerical analytics.

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 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
• Opportunities to take on progressively greater accountabilities
• Opportunities to building close relationships with clients
• Access to a variety of job opportunities across business and geographies

Job Skills

Additional Job Details

Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above