Associate Director, Credit Risk Review- RBC Bank

Royal Bank of Canada; Toronto; On-site; CAD 90,000 - 120,000; Full time

Job summary

A leading financial institution in Toronto is seeking a Credit Risk Review professional to evaluate retail credit risk management practices. The ideal candidate will have at least 7 years of experience in credit risk and familiarity with U.S. regulatory guidance. This full-time role offers a dynamic work environment and opportunities for professional development, aiming to enhance the effectiveness of credit risk frameworks within the bank.

Benefits

Comprehensive Total Rewards Program

Flexible work/life balance options

Opportunities for professional development

Qualifications

• 7 years of experience in retail credit, risk review, or regulatory capacity.
• Strong knowledge of U.S. regulatory guidance.

Responsibilities

• Conduct risk assessments and continuous monitoring reviews.
• Evaluate risk rating accuracy in retail lending portfolios.
• Interface with stakeholders to document and resolve credit risks.

Skills

Credit Risk Management

Data Analysis

Negotiation Skills

Communication Skills

Critical Thinking

Education

Graduate degree (MBA, MSc in Finance or Economics)

Job description

Job Summary

Job Description

What is the Opportunity

We have an exciting opportunity to join the the Credit Risk Review (CRR) team where you will play a critical role in providing independent and objective evaluations of retail credit risk management practices at RBC Bank in the United States. This role supports the development and implementation of the CRR coverage strategy for RBC Bank. Your work will help ensure the effectiveness and adequacy of internal controls credit risk ratings and corporate governance processes. Key stakeholders include 1st and 2nd line of defense bankers senior leadership regulators auditors and ultimately the U.S. Risk Committee.

The successful candidate will be responsible for conducting Target Reviews Continuous Monitoring Reviews Risk Assessments and other ad hoc credit projects.

What Will You Do

Credit Risk Review Practice

Participate in the execution of CRR reviews of RBC Banks retail lending portfolio - including mortgages home equity lines of credit and credit cards. This includes evaluating risk rating accuracy underwriting and portfolio management practices compliance with regulatory guidance and compliance with RBC policies and procedures.

Execute the risk-based annual plan in collaboration with CRR leadership and key stakeholders ensuring adequate risk-based coverage of the loan portfolio.

Review borrower portfolio and product specific credit risks identifying appropriate remediation actions and communicating findings clearly and effectively.

Conduct risk assessments; monitoring emerging risks and industry trends impacting retail lending.

Evaluate and recommend improvements to risk frameworks governance and internal processes.

Interface with internal and external stakeholders to ensure proper identification documentation and resolution of risks impacting the loan portfolio.

Identify opportunities to leverage data and analytics to monitor the portfolio and to enhance CRR processes.

Collaborates with credit risk stakeholders across all three lines of defense.

What do you need to succeed

Must have

7 years of experience in retail credit in an underwriting adjudication credit risk review credit audit consulting and / or regulatory capacity

Strong knowledge of U.S. regulatory guidance and retail lending products

Strong negotiation oral and written communication skills

Ability to accept accountability assume leadership demonstrate initiative and work independently

Strong interpersonal skills; ability to work collaboratively and productively with various internal and external stakeholders

Nice to Have

Graduate degree (e.g. Master of Business Administration Master of Science in Finance Master of Science in Economics etc.)

Regulatory background in a supervision and regulation role related to retail lending

Whats 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 commissions and stock where applicable

Leaders who support your development through coaching and managing opportunities

Ability to make a difference and lasting impact

Work in a dynamic collaborative progressive and high-performing team

Flexible work / life balance options

Opportunities to do challenging work

Opportunities to take on progressively greater accountabilities

Access to a variety of job opportunities across business

LI-POST

Job Skills

Business Data Analysis Credit Credit Analysis Credit Risk Management Credit Risk Review Credit Risks Critical Thinking Database Queries Data Visualization Decision Making Operational Delivery Risk Assessments Risk Management Risk Ratings

Additional Job Details

Address :

20 KING ST W : TORONTO

City : TORONTO

Country : Canada

Work hours / week : 37.5

Employment Type : Full time

Platform : INTERNAL AUDIT

Job Type : Regular

Pay Type : Salaried

Posted Date :

Application Deadline :

Note : Applications will be accepted until 11 : 59 PM on the day prior to the application deadline date above

I nclusion 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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Required Experience :

Director

Key Skills

Category Management,Athletics,Customer,ABAP,Hydraulics,ITI

Experience : years

Vacancy : 1