Job Description What is the opportunity? The Wholesale Rating Methodologies (WRM) team within Commercial & Wholesale Credit Risk is responsible for managing and updating Risk Criteria Papers (RCP). RCPs are used to assign credit ratings to the Bank’s corporate clients. As Associate Director, you will update and maintain RCPs to ensure they continue to perform as intended, as well as serve as a subject matter expert for Enterprise Model Risk Management (EMRM), audit and other stakeholders for matters related to RCPs. A typical RCP update involves independently performing data analysis and industry research to identify potential enhancements to RCPs; working with industry experts within Commercial & Wholesale Credit Risk and CNB to gather feedback and finalize the criteria; testing how the new criteria impact borrower ratings and whether they improve criteria paper performance; documenting the new criteria; and interacting with EMRM to address any findings relating to the RCP. Key success factors in this role are the ability to identify both qualitative and quantitative risk drivers for an industry; gather feedback from, and interact with, multiple stakeholders to arrive at a consensus; work through ambiguity; and analyze data using tools such as Excel, SQL, and Python. As Associate Director, you will also query data and develop tools to improve reporting and portfolio management within Commercial & Wholesale Credit Risk to support risk rating, credit monitoring and adjudication workflows. What will you do? Analyze existing RCPs to identify opportunities to improve and simplify RCPs and demonstrate their fit-for-purposes. Manage the development and documentation of RCPs by liaising with industry teams and EMRM. Work with various teams to define business requirements for implementing RCPs into IT systems. Serve as a key point of contact for EMRM for findings related to criteria papers. Modernize the RCP development and monitoring process to reflect best practices and meet regulatory requirements. Develop tools to assist the adjudication, risk rating, and portfolio management workflows. Drive innovation within Commercial & Wholesale Credit Risk by participating in or leading projects that would benefit from WRM’s technical expertise and access to data. What do you need to succeed? Must-have Minimum 5 years credit risk (wholesale is preferred) or related experience Graduate degree in Business Administration, Finance, Economics, or a quantitative discipline Ability to think critically to understand industry drivers to develop sound recommendations for criteria updates Solid working knowledge of SQL, Microsoft Excel, and computer programming (e.g. Python) Advanced organizational skills including the ability to simultaneously manage and prioritize multiple projects Strong communication skills (written and verbal) Highly developed modeling and analytical skills Nice-to-have Project management experience Knowledge of business intelligence tools (e.g., Tableau), and data science Strong facilitation skills Any Professional Risk designation like CFA and FRM is nice to have. Graduate degree in Business Administration, Finance, Economics, or a quantitative discipline 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 Leaders who support your development through coaching and managing opportunities Work in a dynamic, collaborative, progressive, and high-performing team Opportunities to do challenging work Job Skills Accounting Finance, Asset and Liability Management (ALM), Commercial Loan Review, Confidentiality, Credit Analysis, Customer Service, Customer Success, Detail-Oriented, Financial Statement Analysis, Risk Management Additional Job Details Address: ROYAL BANK PLAZA, 200 BAY ST: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: 2025-10-30 Application Deadline: 2025-11-14 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.
