Senior Manager, Capital Measurement and Analytics

What is the opportunity?

An integral part of the Capital Measurement team within Financial Resource Optimization (FRO), you will advise on advanced and complex Regulatory capital calculations and provide guidance on credit risks methodologies with a focus on retail portfolios. The scope will include retail personal and small business products. Your primary focus will be to manage regulatory capital reporting on both monthly/quarterly production process and regulatory projects.

Reporting to the Director, Capital Measurement FRO, you will provide expertise on advanced and complex risk quantification methodologies and their implementation for the purpose of Regulatory Capital calculations, providing guidance enterprise wide across credit risks for designated portfolios and supporting regular, ad hoc and project activities that are focused primarily on retail portfolio. The functional mandates include reporting production, project implementation, analytics, control and compliance.

You will act as a key source of business requirements, implementation and testing of risk capital projects including data inputs and mapping for the designated portfolios and risk types, and capital calculation. Responsibilities include the integrity and completeness of data flows into Regulatory Capital engine as well as for their alignment with RBC’s financial reporting systems, reconciliation, validation and controls for the designated portfolios. You will develop and provide value-added analysis to derive effective capital measurement specific business requirements pertaining to various aspects of RBC’s retail portfolio.

What you will do?

• Ensure comprehensive and detailed business requirements for the implementation of Basel Regulatory Capital calculations with respect to data inputs and mapping as well as business rules are aligned with the underlying risk methodologies and regulatory requirements. Lead and communicate with system development and monitor execution from a business perspective.
• Responsible for new project implementation and ongoing monthly/quarterly production operation of capital measurement with deliverables to internal and external stakeholders. The scope covers both BCAR capital reporting and Pillar III disclosure package.
• Perform UAT (User Acceptance Test) to verify risk capital results and prepare test recommendation; provide guidance in the testing and development of capital calculation engine within the designated portfolios and risk types as well as support and ongoing maintenance of the engine.
• Manage and deliver the results for OSFI’s requests related to BCBS QIS (quantitative impact study) and support ad-hoc analytical reporting needs for business platform.
• Responsible for control and compliance relating to capital treatment, including Basel Compliance Self-Assessment Program and SOX control execution.
• Develops, programs, and documents processes of average to medium complexity using various programming languages and tools (e.g. SAS, SQL, Python, Excel)
• Validate capital-related entries, resolve reconciliation issues and provide input into drivers behind risk capital for portfolios within the mandate.

What you need to succeed?

Must Have

• Pertinent university level degree to meet technical requirements
• 5+ years of experience in related fields, i.e. finance, analytics, risk management, etc.
• Strong knowledge of credit risk capital treatment methodology, advanced quantitative techniques of risk measurement or parameter estimation supported by business experience in their application, including Basel regulatory capital, OSFI Basel Capital Adequacy Reporting, etc.
• Superior analytical and advanced data management skills (relational databases, SQL, Excel, etc.)
• Well proven ability to consistently deliver complex results against very tight deadlines

Nice to Have

• University degree in analytical, quantitative area, combined with MBA or CFA or equivalent business designation
• Broad knowledge of RBC business and understanding of product ranges and structures in RBC for designated portfolios
• Thorough knowledge of RBC’s systems and infrastructure
• Solid understanding of accounting and corporate finance principles

Job Skills

Additional Job Details

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