Job Description What is the opportunity? As part of the Group Risk Management (GRM) team, the Associate Director, Stress Testing & Credit Provisioning Measurement, will implement credit risk model components and contribute to risk management analytics and processes supporting various stress testing and credit provisioning programs (e.g. IFRS9, CECL and CCAR). The ideal candidate will apply extensive, in-depth knowledge, skills, and practices to perform complex assignments including implementing new model from development into production engines, extracting and transforming portfolio and macroeconomic data from source systems to support model execution and credit loss forecasting using advanced credit risk models. What will you do? Develop and maintain tools to support the implementation, execution, and monitoring of credit risk models, ensuring accuracy, scalability, and regulatory compliance. Partner with credit risk modeling teams to integrate new models into the production system. Validate the availability and quality of portfolio and macroeconomic data and confirm that forecast outputs are in line with historical experience and aligned with business expectations. Engage with business and IT stakeholders to manage change requests involving portfolio and economic data. Perform system testing and impact analysis to evaluate changes to credit loss projections and ensure data integrity. Responsible for executing and maintaining control processes to validate that financial results align with applicable regulatory framework and financial reporting standards. Work cross-functionally with internal teams and external stakeholders ot deliver accurate and timely reporting of credit loss projections. Generate analytics to assess the impact of model changes, portfolio credit quality shifts, and evolving macroeconomic scenarios. Provide analytical support for ad-hoc stress tests and scenario analyses triggered by credit quality shifts and evolving macroeconomic conditions. Communicate results and analytical insights to management and key stakeholders in a clear, concise, and timely manner to support informed decision-making. What do you need to succeed Must Have: Hands-on experience with at least two of the following technologies: Python, C, Java, SQL, SAS, R, MATLAB, VBA. Experienced in implementing and executing analytical model in the context of data processing, statistical modelling, dashboard automation and system development. Experienced in extracting and transforming large volumes of portfolio and economic data from source system to ensure data readiness for model execution. Utilize software version control practices to maintain compliance with regulatory requirements, ensuring frameworks and processes are consistently followed. Demonstrated ability to independently troubleshoot issues, identify root causes, and recommend effective solutions to resolve problems. Ability to manage complex projects, meet high-quality standards, and flexibility to work extended hours to meet tight deadline. Undergraduate degree with quantitative background, such as mathematics, statistics, science, engineering etc. Nice-to-Have: Familiarity with statistical modelling of credit products Experience with CCAR, CECL and IFRS9 programs in the financial industry What is in it for you? We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed 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 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 Job Skills Client Counseling, Competitive Markets, Critical Thinking, Data Analysis, Financial Instruments, Financial Regulation, Investment Risk Management, Long Term Planning, Quantitative Methods, Risk Management, Risk Management Information Systems, Stress Testing Additional Job Details Address: RBC CENTRE, 155 WELLINGTON ST W:TORONTO City: Toronto Country: Canada Work hours/week: 37.5 Employment Type: Full time Platform: GROUP RISK MANAGEMENT Job Type: Regular Pay Type: Salaried Posted Date: 2025-08-12 Application Deadline: 2025-08-30 Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above Inclusion and Equal Opportunity Employment At RBC, we believe an inclusive workplace that has diverse perspectives is core to our continued growth as one of the largest and most successful banks in the world. Maintaining a workplace where our employees feel supported to perform at their best, effectively collaborate, drive innovation, and grow professionally helps to bring our Purpose to life and create value for our clients and communities. RBC strives to deliver this through policies and programs intended to foster a workplace based on respect, belonging and opportunity for all. Join our Talent Community Stay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you. Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at jobs.rbc.com. Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 84,000+ employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to more than 16 million clients in Canada, the U.S. and 34 other countries. Learn more at rbc.com.? We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.
