Associate Director, Retail Credit Stress Testing

What is the opportunity?

RBC is hiring an Associate Director of Retail Credit Stress Testing. This role is responsible for the retail credit stress projections for the Enterprise-Wide Stress Test, Canadian and US regulatory stress tests, as well as ad-hoc analytics to support senior management decision-making.

As a credit specialist on the Group Risk Management - Credit & Enterprise Stress Testing team, the role involves learning about the bank's retail loan portfolios, material risks, risk models and collaborating with credit subject matter experts. It involves ownership of analysis, developing credit projections and reporting of key insights into RBC vulnerabilities to senior management and regulators.

In this role and as part of the wider team, there are unique opportunities to gain a birds-eye view into the inner workings of a large financial institution; learn finance, risk, and treasury concepts; employ data science skills; and learn how novel risks such as geopolitical tensions and climate change impact the firm.

This is a Hybrid role with 3 in-office days per week based out of the downtown Toronto office.

What will you do?

• Perform retail credit risk stress testing exercise and ad-hoc analyses.
• Analyze data using empirical and statistical techniques to fine-tune financial and risk projections.
• Produce credit risk stress testing reports and presentations.
• Take ownership of the planning and execution of stress testing activities.
• Engage cross-functional stakeholders across Finance, Retail Risk, Model Risk, Business Segments, and Corporate Treasury.
• Coordinate with relevant subject matter experts to integrate the latest advancements in climate risk modelling into the credit risk projections.
• End-to-end project management, from idea conception, solution design, stakeholder buy-in, implementation and monitoring.

What do you need to succeed?

Must-have

• Bachelor's or master's degree in Finance, Accounting, Risk Management, Engineering, Computer Science, Statistics, Mathematics, Behavioral Economics, or other quantitative field of study.
• 3+ years of industry experience in risk management (credit, liquidity and/or market risk) and/or risk consulting.
• Solid knowledge of stress testing and credit risk methodologies.
• Advanced proficiency with Excel, Python, SQL, and PowerPoint.
• Strong analytical, communication and time management skills.

Nice-to-have

• Graduate degree in a relevant field.
• Experience analyzing retail / personal lending product portfolios.
• Proficiency with a range of data tools, such as Tableau, Bloomberg Terminal, etc.
• CFA, FRM, CPA, or any finance- or risk-related professional designation/certification.
• Experience applying statistical concepts including, but not limited to: linear and logistic models, supervised statistical learning, clustering, recommendation systems, times-series analysis, experimental design (A/B testing).
• Understanding of model risk management and validation processes.

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

Job Skills

Communication, Competitive Markets, Credit Risk Management, Critical Thinking, Financial Instruments, Financial Regulation, Long Term Planning, Microsoft Office, Model Building, Model Risk, Process Management, Python (Programming Language), Quantitative Methods, Retail Banking Products, Risk Management, Risk Management Information Systems, SAS, Stress Testing, VBA Macro

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2025-02-122025-02-28

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