Associate Director, Credit Risk and Transformation

RBC; Toronto; On-site; CAD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking an Associate Director to oversee the implementation of credit models. This role involves managing the end-to-end process, ensuring compliance with QA standards, and collaborating with various teams to enhance model development. The ideal candidate will have extensive experience in credit risk modeling and a strong technical background in data manipulation and coding. Join a dynamic and collaborative team that values growth, innovation, and community impact, and be part of a mission to deliver trusted financial advice and solutions.

Benefits

Comprehensive Total Rewards Program

Training and Coaching

Dynamic Collaborative Team

Opportunities for Professional Growth

Qualifications

• 5+ years of experience in credit risk model development.
• Proficiency in SAS, Python, and SQL is required.
• Strong analytical and problem-solving skills.

Responsibilities

• Manage implementation readiness within the Tollgate Delivery Framework.
• Conduct code reviews for credit models and ensure compliance.
• Collaborate with cross-functional teams for model handoffs.

Skills

Credit Risk Models Development

Data Manipulation

SAS

Python

SQL

Code Management (GIT)

Analytical Skills

Interpersonal Skills

Communication Skills

Problem-Solving Skills

Education

Degree in Engineering

Degree in Statistics

Degree in Mathematics

Degree in Computer Science

Tools

GIT

SAS

Python

SQL

Job description

Job Summary

Job Description

What is the opportunity?

The Associate Director will support the ongoing design, implementation, monitoring, reporting and oversight of all processes and control points governing the handoff of models from the development team (MDO) in Credit Modeling & Methodology (CMM) to the model users (MBO) for integration into the model production environments. This will be achieved in adherence with the newly introduced Tollgate Delivery Framework.

The individual will leverage their knowledge of credit models and model development to collaborate with the MDO and MBO in terms of code reviews, model data assessments, and defining and ensuring compliance with the model QA standards.

The Associate Director will leverage technical experience to guide model implementations that are suitable for automation and reporting, meet consistent coding and software development standards, and satisfy stakeholder requirements.

What will you do?

• Manage the end-to-end Implementation Readiness process within the Tollgate Delivery Framework in CMM.
• Responsible for the monthly reporting on implementation readiness to key stakeholders and the leadership
• Provide insights and best practices of model implementation, data usage, and controls for model development in CMM.
• Own and manage the communication with model development teams and model users’ teams, escalating and keeping abreast of handoff delivery dates. This includes regular status reporting to all involved stakeholders (MBO, MBO, EMRM) and Senior Management and timely issue escalation.
• 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, compliance with our model QA standards as well as feasibility of feature transformations.
• Maintain the model QA standards and continuously obtain feedback from MDO and MBO to enhance the process within the delivery Tollgates.
• Collaborate with IFRS9, CECL, EWST and CCAR programs to ensure consistency across measures, controls, reporting, and insights.
• Ensure all documentation, procedures and processes are kept current to reflect best practices and controls required.
• Build strong relationships with MDO, MBO Production and IAT teams to ensure handoffs of credit models from model development is smooth and meets all QA standards.

What do you need to succeed?

• 5+ years of experience in developing and deploying credit risk models and/or reports.
• A degree in an analytical discipline such as engineering, statistics, mathematics, computer science, and relevant professional experience in quantitative methods, finance, or risk management.
• Experience in data manipulation on large datasets (ingestion, processing, merging and aggregate of data)
• Experience in code management solutions (GIT) is required.
• Experience in prior model development is required.
• Proficiency in SAS, Python and SQL is required.
• Conceptual thinker with a curious mind to build up solutions from ground up through ambiguity.
• Strong interpersonal, communication skills, and presentation skills with the ability to articulate and document complex technical problems and control process for non-technical audience.
• Strong conceptual, analytical, and problem-solving skills.
• Excellent process management, communication, and coordination skills.
• Ability to work with cross-functional teams to help influence without direct authority.
• Ability to structure workload and manage multiple competing priorities.

Nice-to-have

• Familiarity with RBC’s existing data and infrastructure is preferred

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 Performance Management, Investment Banking Analysis, Investment Economics, Investment Management Systems, Investment Performance Measurement, Investment Risk, Investment Risk Management, Market Risk, Operational Risks, Performance Management (PM), Quality Management, Risk Management, Standard Operating Procedure (SOP)

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:

2025-03-06

Application Deadline:

2025-05-24

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.

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