Associate Director, Credit Provisioning Analysis & Measurement

Job Summary

Monitors market risk and implements risk management systems and processes to minimize any risk to the market. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.

Job Description

What is the opportunity?

The Credit Provisioning Analysis and Measurement (CPAM) team provides senior management with subject matter expertise, guidance and analysis for determining the allowances for credit losses (ACL) and provisions for credit losses (PCL) for the Bank's performing assets.

Both metrics are key inputs to ensuring the financial resiliency of RBC and are widely tracked by our stakeholders.

The creation of leading analytics and reporting in addition to the execution and development of controls will be a primary focus of this role.

There will be a strong focus on the US operations of RBC as part of the recent implementation of the Current Expected Credit Losses (ASU 2016-13) accounting standard that will allow you to have a significant impact on the future direction of that program

What will you do?

In this role, you will provide data driven analysis, insights, and recommendations for the ACL / PCL related to performing assets.

You will develop innovative processes, tools, data architecture and applications to support the ongoing evolution of our analytical capabilities.

You will build consensus and collaborate effectively across a broad range of senior stakeholders to drive outcomes under tight timelines.

• Analyze RBC's credit provisioning results (retail and wholesale portfolios), reporting (including input to enterprise / segment financial forecasts), and communication function under CECL accounting standards.
• Work with the credit provision modeling, front office and portfolio management teams to provide compelling insights and value added recommendations.
• Assist the Director in the creation of business and risk subject matter content and analysis related to credit provisioning to facilitate effective stakeholder engagement.
• Prepare reports for review and challenge, ensure segregation of duties, and controls are met.
• Develop requisite processes and maintain up to date documentation for auditors and investor relations.
• Comply with all bank policies including SOX controls as appropriate.
• Keep abreast of macroeconomic, financial market, credit, regulatory, accounting and other financial industry developments as they relate to RBC's credit provisioning.

What do you need to succeed?

Must-have

• 5+ years work experience in banking and risk management (ideally credit risk though not required).
• Advanced degree in an analytical discipline such as Finance, Statistics, Data Science, Engineering, Mathematics, or Economics.
• A demonstrated fluency in programming, data, and finance (ideally Python, SQL, SAS) for the purpose of creating powerful analytical tools and reporting.
• Strong data visualization and financial analysis skills alongside the ability to communicate, verbally and in writing, complex concepts in simple terms to a non-technical audience.
• Demonstrated self-starter who can tailor analysis to required level of precision.
• Works well with cross-functional teams (Risk, Finance), demonstrating strong teamwork, coordination, and people skills.

Nice-to-have

• A thorough understanding of relevant accounting and regulatory guidance for CECL.
• Prior stakeholder engagement experience in a challenging environment.
• Intermediate to advanced skills in BI tools, primarily Tableau.
• Demonstrated ability to create effective data architecture to support analytical tools and processes.

What's in it for you?

We thrive on the challenge to be our best, thinking progressively 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
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in an agile, collaborative, progressive, and high-performing team
• The opportunity to interface with executives from many different parts of the organization

Job Skills

Action Planning, Adaptability, Business, Critical Thinking, Data Analysis, Financial Instruments, Financial Regulation, Financial Risk Management (FRM), Group Problem Solving, IFRS 9, Long Term Planning, Problem Resolution, Quantitative Methods, Researching, Risk Management, Risk Management Information Systems, Stress Testing, Taking Ownership, Teamwork