Job Summary
As Associate Director, Enterprise Model Risk Management (EMRM) in our Group Risk Management (GRM) team, you will execute and document validation of the Bank's enterprise-wide credit risk rating systems and methodologies, with focus on Retail and Wholesale credit risk systems including wholesale, retail, and margin lending parameters (Probability of Default ("PD"), Loss given Default ("LGD") and Exposure at Default ("EAD")) used in both regulatory and economic capital.
Job Description
What is the opportunity?
As Associate Director, Enterprise Model Risk Management (EMRM) in our Group Risk Management (GRM) team, you will execute and document validation of the Bank's enterprise-wide credit risk rating systems and methodologies, with focus on Retail and Wholesale credit risk systems including wholesale, retail, and margin lending parameters (Probability of Default ("PD"), Loss given Default ("LGD") and Exposure at Default ("EAD")) used in both regulatory and economic capital.
You will develop and implement tools and methodologies required to underpin credit risk systems and parameters validation, and provide insightful robust analyses of credit risk systems including risk quantification validation.
What will you do?
- Perform ongoing Retail and Wholesale credit risk systems including parameters validations and provide insightful analysis of validation results
- Perform a wide range of data reconciliations and analyses, e.g. organizing, interpreting and analyzing data using various statistical techniques catered for validation purposes
- Execute and document appropriate quantitative and qualitative tests, review of the logic and conceptual soundness of credit risk rating systems, parameters and their inputs, accuracy, sensitivity, back testing, benchmarking etc.
- Develop and enhance approaches tailored to timelines and data availability, utilizing detailed or 80 / 20 solutions, and quantitative and / or qualitative approaches, as appropriate
- Deliver validation findings and elicit feedback and remediation action plans / solutions from model stakeholders
- Ensure project and risk objectives are accomplished within approved timeframes and complied with regulatory requirements, model risk policy and model operating standards
What do you need to succeed?
Must-have
- Graduate degree in a quantitative discipline such as computer science / information system, statistics, econometrics and / or a relevant professional qualification
- Understand various data system structures / processes and how they affect the inputs and outputs of credit risk validation data
- Ability to communicate, verbally and in writing, complex concepts to a non-technical audience
- Strong conceptual, analytical, detail-oriented and problem solving skills
- Strong computer skills - SAS, SQL and Excel required; Python and MatLab are essential
- Ability to work with large volume of data and various IT infrastructures
- Execute with urgency while maintaining quality and efficiency
- Adapt to shifting priorities, coupled with a sense of urgency
- Works well in teams
- 2+ years of analytical and quantitative experience with a financial institution, in a related role such as a model developer / validator, data miner / analyst, or a risk manager
Nice-to-have
- Ability to work in Unix, Teradata Data Warehouse and / or Hive Data Lake environments
- Exposure to credit risk system design and Basel parameter estimation is an asset
- Proactive learning and working skills
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 and competitive compensation
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
Job Skills
Competitive Markets, Consulting, Critical Thinking, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, Risk Management
Associate Director, Enterprise Model Risk Management
Join RBC’s Enterprise Model Risk Management (EMRM) team as an associate director. Including but not limited to, regression models, front office pricing models, market and counterparty credit risk models, and credit risk models. Computer Programming, Credit Risks, Critical Thinking, Financial Instrum...
Associate, Enterprise Risk Management
Stay informed about industry trends, emerging risks, and regulatory developments to contribute to the continuous improvement of the risk management function. Collaborate with the Risk committee on strategic initiatives and projects to identify, assess, and mitigate risks across the organization. Con...
Director, Financial Institutions - Securitizations (Global Risk Management)
The Director oversees the Securitizations portfolio for Global Risk Management, reporting to a VP, with overarching responsibility to ensure the efficient and effective maintenance of the portfolio at an acceptable level of risk by exercising sound credit judgement, ensuring business strategies and ...
Program Director, Group Risk Management
As part of the Group Risk Management team (GRM), the Program Director will lead, direct, and oversee activities in managing regulatory-based remediation projects affecting Enterprise Resilience RiskThis role collaborates closely with the functions, business and 2LOD Risk partners to facilitate proje...
Associate Director - U.S. Governance and Risk Reporting
Business Performance Management, Investment Banking Analysis, Investment Economics, Investment Management Systems, Investment Performance Measurement, Investment Risk, Investment Risk Management, Market Risk, Operational Risks, Performance Management (PM), Quality Management, Risk Management, Standa...
Associate Director, Risk Profiling and Reporting
Business Process Design, Data Analysis, Decision Making, Global Risk Management, Management Reporting, Metrics Development, Operational Risks, Risk Control, Risk Management, Risk Management Framework, Statistical Data, Statistical Data Analysis, Teamwork. Reporting to the Senior Director, Governance...
Associate Director, Treasury Services Performance Management
The Associate Director, Treasury Services (TS) Performance Management plays an integral part in the organization by providing support, development, and analysis for RBCCM through business advisory, financial planning and analysis. Work collaboratively with Treasury Services business management/senio...
Analyst/senior Associate, Quantitative Market Risk Models - Financial Engineering & Modelling (Fem)
Capital Markets and/or Market Risk, on model development or model validation/vetting team at a major financial institution. Would you like to further develop your career with our exponentially expanding Financial Engineering and Modelling group? Are you up for the challenge to help the most sophisti...
Associate Director Cyber and Tech Risk
You will support Operational Risk Management leadership within Group Risk Management in delivering various oversight and challenge processes, including: tracking and reporting on status and quality of key operational and technology risk programs; developing and utilizing effective risk appetite metr...
Canadian Blood Services -- Associate Director, Enterprise Facility Strategic and Capital Planning
In this critical role, the Associate Director will drive the Enterprise Facility Asset Strategic plan by leading the development of the enterprise facility portfolio and capital plan. The Associate Director also oversees the effective management of assigned personnel and external consultants, includ...