Director, Credit Controls & Transformation

The Director, Credit Controls & Transformation, Implementation Readiness, is responsible for the design, implementation, monitoring, reporting and oversight of all processes and control points governing the hand-off of credit models from the development team (MDO) in Credit Modeling & Methodology (CMM) to the model users (MBO) for integration into the model production environments. The director will drive the team's communication across model stakeholders to ensure visibility of models in development and ensure the near-frictionless production implementation of credit models in the development pipeline.

What is the opportunity?

The Director, Credit Controls & Transformation, Implementation Readiness, is responsible for the design, implementation, monitoring, reporting and oversight of all processes and control points governing the hand-off of credit models from the development team (MDO) in Credit Modeling & Methodology (CMM) to the model users (MBO) for integration into the model production environments. The director will drive the team's communication across model stakeholders to ensure visibility of models in development and ensure the near-frictionless production implementation of credit models in the development pipeline.

What will you do?

• Lead the Implementation Readiness team by defining the end-to-end process and providing insights and best practices of model implementation, data usage, and controls for credit model development.
• Regularly communicate and provide visibility regarding the status of models in development to MDO, MBO, and other stakeholders, including tracking of key dates regarding handoffs between MDO, EMRM, and MBO.
• Provide guidance to MDO for model development projects regarding Production data usage and sourcing of new data to facilitate implementation readiness and leverage existing controls of CDEs in Production.
• Conduct code reviews for credit models in development to provide guidance on developing for implementation readiness, namely the integration into automation framework, efficient execution of computing-intensive calculations, and compliance with our model QA standards.
• Create and maintain the model QA standards document for use in model development to demonstrate and document a standardized "contract" of satisfying requirements.
• Collaborate with MDO and MBO to make model-specific additions to the model QA standards document to address and surface idiosyncratic model issues at the tollgate level.
• Collaborate with IFRS9, CECL, EWST and CCAR programs to ensure consistency across measures, controls, reporting, and insights.
• Onboarding of new team members into MDO with respect to computing and storage resources, model code, and appropriate access to key data sources.
• Ensure all documentation, procedures and processes are kept current to reflect best practices and controls required.

What do you need to succeed?

• 10+ years in risk management and oversight preferably with a credit, market, or liquidity risk background with a strong understanding of model development process and implementation.
• Advanced degree in an analytical discipline such as Finance, Statistics, Computer Science, Engineering, Mathematics, or Economics.
• A demonstrated fluency in programming (ideally SAS, Python, SQL) for the purpose of analyzing, assessing, and executing credit models.
• Strong knowledge and experience with credit risk methodology and the model development process, key stakeholders, and the business usage and application of credit models.
• Strong understanding of IFRS9, CECL, and CCAR regulatory guidelines.
• Knowledge of software development and model architecture.
• Proven leadership skills and ability to motivate a team.
• Skilled at facilitation and information gathering, building strong relationships, and influencing stakeholders.

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.
• Leaders who support your development through training and coaching.
• Work with a dynamic, collaborative team with ability to make a difference.

Job Skills

Business Analytics, Communication, Credit Models, Credit Risk Modeling, Decision Making, Documentations, Financial Risk Management (FRM), IFRS 9, Impairment Models, Model Implementation, Python (Programming Language), Quality Management, Results-Oriented, Risk Management, SAS, Strategic Thinking, Stress Testing, Teamwork

Additional Job Details

RBC CENTRE, 155 WELLINGTON ST W:TORONTOTORONTOCanada37.5Full timeGROUP RISK MANAGEMENTRegularSalaried2024-12-062024-12-21

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