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Associate Director, Credit Risk Strategy

Associate Director, Credit Risk Strategy

Royal Bank of Canada>TORONTO, Canada
11 days ago
Job type
  • Full-time
Job description

Job Summary

Job Description

Application Deadline : November 29, 2024

What is the opportunity?

In this role you will be responsible for managing credit risk strategies for the Caribbean credit portfolios including analyzing, developing, implementing and managing stakeholders.  You will also support the Caribbean business targets for balance growth, new account acquisition, activation and retention while ensuring appropriate risk mitigation strategies are in place to maintain overall portfolio quality.

What will you do?

  • Use predictive modelling and data mining tools to design, test, implement and manage credit risk strategies for new account origination (EG : score cut-offs, line assignment), collections and account management (EG : TRIAD strategies), and deposit accounts (EG : release of unverified funds)
  • Perform portfolio and strategy analysis using advanced methods and tools to gain insights, identify opportunities, understand trends and determine strategy effectiveness
  • Lead end-to-end stakeholdering with local senior management in Group Risk Management, Products, Operations and other areas to obtain approval of credit strategies with concise rationale supported by comprehensive analysis and documentation, and to understand and propose new strategies designed to help achieve business targets
  • Manage the risk / reward criteria for ongoing marketing campaigns (pre-approved, invitation to apply) for new account acquisition, limit increase, etc.
  • Support the risk aspects of key business projects and initiatives
  • Recommend opportunities and drive initiatives that will enhance portfolio performance or improve existing processes
  • Provide input and support for major changes & / or upgrades to the decisioning infrastructure that will enhance credit scoring capability and the rapid deployment of sophisticated credit strategies
  • Input new or modified strategies into adaptive control software (TRIAD) and coordinate testing and implementation

What do you need to succeed?

Must-have

  • University degree in a quantitative field of study (e.g. Economics, Statistics, Business) demonstrating abilities for critical thinking and numerical analysis
  • 3+ years of relevant credit risk management experience and expert knowledge of credit principles and risk management techniques including credit scoring for acquisition and account management
  • Highly proficient with SAS and SQL
  • Extensive experience designing strategies for adaptive control software (preferably TRIAD)
  • Proficient with data mining, analytical tools and decision tree software (preferably Knowledge Studio or Enterprise Miner)

    • Nice to Have

  • 5 years relevant experience in the financial services industry, particularly within a credit product environment
  • Experience with Python and R

    • 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.

  • The advantage of working with a dynamic, collaborative, and high performing team where initiative and hard work are recognized and rewarded
  • Leaders who support your development through coaching and managing opportunities
  • Ability to make a difference and lasting impact

    • 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

    Address :

    ROYAL BANK PLAZA, 200 BAY ST : TORONTO

    City : TORONTO

    Country : Canada

    Work hours / week : 37.5

    Employment Type : Full time

    Platform :

    GROUP RISK MANAGEMENT

    Job Type : Regular

    Pay Type : Salaried

    Posted Date : 2024-11-17

    Application Deadline :

    2024-11-30

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

    I nclusion and Equal Opportunity Employment

    At RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.

    We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.

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