Job Description What is the opportunity? What will you do?
- Assist in the execution and maintenance of time-sensitive IFRS 9 and CECL live production runs in CMS.
- Support requests from model builders, validators and auditors regarding data and methodology aspects associated with the credit loss models
- Develop and/or implement testing and reporting methodologies, including model testing, calibration and monitoring performance
- Assist in preparation of technical whitepapers and presentations, as well as other documents pertaining to implemented models, technologies, and/or analyses
- Perform scenario/change impact analyses for communication to Senior Management, with focus on business and risk implications
- Facilitate integration and automation of modeling and reporting changes in CMS and their promotion to BAU production processes
- Role focus: analytical and statistical technical tools used for credit risk, data and change management, methodology development \& implementation
- Tailor best solutions based on materiality, timelines and available resources
- Research and keep abreast on credit methodologies and data analytics, to ensure RBC is a leading institution on best practices across the industry
What do you need to succeed? Must Have:
- Undergraduate, and preferably graduate, degree in a quantitative discipline such as physics, mathematics, statistics, engineering, economics, econometrics, actuarial science, finance and/or relevant professional qualifications, with focus on quantitative statistical and analytical skills
- 1 years of relevant business work experience in quant groups (risk, front office, etc.) in the financial industry
- 1 years of programming experience with tools such as SAS, SQL, Python, Excel/VBA.
- Ability to communicate complex concepts to a non-technical audience
- Strong conceptual, analytical, and problem solving skills. Ability to tailor analysis to required level of precision
Nice-to-Have:
- FRM and/or CFA would be an asset
- Prior work experience in credit risk modeling, stress testing, credit portfolio analysis, and credit provisioning would be an asset.
What is in it for you?
- A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation
- Ability to make a difference and lasting impact
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to take on progressively greater accountabilities
Additional Job Details
Royal Bank of Canada
