Associate Director, Credit Modeling & Methodology

RBC; Toronto; On-site; CAD 100,000 - 130,000; Full time

Job summary

A leading financial institution in Toronto is seeking an Associate Director, Credit Modeling & Methodology to join their model development team. The successful candidate will be responsible for developing credit risk models and analytics tools, ensuring compliance with regulatory guidelines. This role offers growth opportunities and collaboration with various stakeholders. Ideal candidates will hold a Master's degree and have a strong predictive modeling background. A comprehensive Total Rewards Program is included.

Benefits

Comprehensive Total Rewards Program

Development through training and coaching

Collaborative team environment

Qualifications

• Experience in credit risk modeling; familiarity with IFRS9 and related regulatory guidelines.
• Hands-on experience in SAS or similar tools.
• Ability to translate technical expertise into business language that drives insights.

Responsibilities

• Develop, document, and implement Credit Risk Models for IFRS-9, CECL, and Stress Testing.
• Identify and troubleshoot modeling challenges, including data quality issues.
• Support Business Review, Model Validation, and Regulatory Review of Credit Risk Models.

Skills

Predictive modeling

Analytical problem solving

Strong communication skills

Education

Master’s Degree in quantitative field

Tools

SAS

MS Office

Python

R

Job description

Overview

Associate Director, Credit Modeling & Methodology — support the model development team responsible for developing credit risk models and analytics tools used in measuring Expected Credit Loss, Provision for Credit Losses, Allowance for Loan and Lease Losses, and for Stress Testing purposes. The role assists the Director, Credit Modeling & Methodology in various model development initiatives spanning data engineering, methodology development, model testing and implementation. This position offers opportunity to learn, grow, and collaborate with risk, business, and regulatory stakeholders across the bank.

Responsibilities

• Develop, document, and implement Credit Risk Models for IFRS-9, CECL, CCAR, Stress Testing (EWST, MST).
• Identify, communicate and troubleshoot modelling challenges, including data quality issues.
• Deliver sound quantitative methodologies and the results from employing them.
• Be agile in response to evolving model user requirements and priorities.
• Conduct model development with attention to detail; validate material model assumptions and limitations, and identify potential errors before they arise.
• Present quantitative materials concisely and accurately to internal stakeholders.
• Support Business Review, Model Validation, User-Acceptance Testing, Internal Audit and External Audit or Regulatory Review of Credit Risk Models.
• Develop organizational awareness of data flows through model development, users, and business impact.
• Provide comprehensive documentation as a key component of the work product.

Qualifications

• Master’s Degree in quantitative field of study or equivalent
• Strong predictive modeling background and analytical problem solving skills
• Strong communication skills
• Ability to translate technical expertise into business language that drives insights
• Experience in credit risk modelling; familiarity with IFRS9 and related regulatory guidelines
• Hands-on experience in SAS or similar tools; proficiency with MS Office
• Experience with Enterprise Data Warehouse, Hadoop environments, Python, R or similar tools

What’s in it for you?

• A comprehensive Total Rewards Program
• Leaders who support your development through training and coaching
• Work with a dynamic, collaborative team with the ability to make a difference

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 : 2025-08-21

Application Deadline : 2025-09-17

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 with diverse perspectives is core to our growth. RBC strives to deliver a workplace based on respect, belonging and opportunity for all.