Associate Director, Environmental & Social Risk Analytics

Job Summary

The purpose of this job is to support the advancement of the bank's environmental and social risk data management, analysis and disclosure capabilities and the integration of environmental & social risk data into our risk management framework.

Job Description

What is the Opportunity?

As part of the Environmental & Social Risk Analytics team within Group Risk Management, you will play a role in the management, monitoring, and mitigation of environmental and social (E&S) risks at RBC.

You will support and lead the design and implementation of key climate and E&S risk initiatives by providing research and data analytics and insights.

A significant focus of this role will be the calculation of RBC's financed emissions across different asset classes within carbon-intensive sectors and setting and tracking progress on net-zero targets.

What will you do?

• Work with the Director, E&S Risk Analytics to assist in the advancement of RBC's capabilities in measuring financed emissions, setting net-zero targets, and delivering carbon accounting insights across the enterprise.
• Support target setting through economic and industry research, making powerpoint slides and reports, and presenting research to a wide range of internal stakeholders.
• Collaborate with diverse internal stakeholders across business lines and functions to share E&S Risk data and insights, to inform risk management, business strategy, and ESG and climate disclosures.
• Identify opportunities to improve environmental & social risk data processes and take a leading role in implementing these changes;
• Optimize data quality and results by seeking out public and private data sources and working with internal stakeholders to source RBC data to improve our climate risk measurement and management capabilities.
• Lead workstreams and collaborations across multiple teams to accomplish the above
• Contribute to the development and management of junior members of the E&S Risk Analytics teams

Must have

• An interest in Environmental and Social Risk in general and climate change in particular
• Experience in working in an analytics team, especially those tasked with solving difficult and / or vaguely-defined problems
• The ability to synthesize data into business insights and communicate these clearly to diverse audiences
• An advanced understanding of programming and querying languages, including SQL and python OR a proven ability to both code in another data analytics language (e.

g. R, MATLAB, SAS) and the ability learn a new language quickly

• Experience developing presentations, visualizations and dashboards for senior executives and an interest in developing advanced analytical capabilities
• Demonstrated ability in mathematical, statistical, financial or economic analyses on large, complex datasets and in translating data into business insights
• A desire and proven ability to build new and innovative approaches to complex problems with minimal direction
• Commitment to quality and accuracy with a high level of attention to detail.
• Excellent written and verbal communication skills.

Nice to have

• Knowledge of climate change science with experience in the development and use of climate and economic scenarios, models, projections and data.
• Knowledge or familiarity with the climate risk and / or target setting guidance issued by PCAF, NZBA, TCFD, ISSB, and / or OSFI (B-15)
• Knowledge or familiarity with internal RBC wholesale lending data systems
• Experience with or knowledge of carbon-intensive sectors, e.g. agriculture; aluminum; cement; coal; commercial and residential real estate;

iron and steel; oil and gas; power generation; and transportation

• Knowledge and experience in quantitative model development, testing and validation.
• Experience working with a diverse range of stakeholders.
• People manager experience

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
• The successful candidate will need to establish and maintain productive working relationships with Advisors and individuals at all levels, both internally and externally

Job Skills

Consulting, Critical Thinking, Derivatives, Economic Analysis, Financial Instruments, Investment Banking Analysis, Investment Risk Management, Market Risk, Quantitative Methods