Director, Credit Modeling & Methodology

rbc; Toronto; On-site; CAD 170,000 - 260,000; Full time

Benefits offered by this job

Total Rewards Program

Flexible benefits

Bonuses

Job summary

RBC in Toronto seeks a Director to lead the strategic re-engineering and development of Economic Capital models for wholesale and retail portfolios, replacing legacy systems with a modern in-house solution. You will serve as the SME, guiding model design, methods, and implementation while coordinating multiple internal partners.

This leadership role requires strong technical depth in EC modeling, a track record of delivering large-scale projects, and the ability to communicate complex concepts

Qualifications

• 7-10 years' experience in credit economic capital modeling and regulatory capital frameworks.
• Proven track record of leading model development initiatives and technical projects.
• Translate complex concepts for senior stakeholders and regulators.
• Experience managing cross-functional teams across large modeling programs.
• Master's degree in a quantitative discipline (e.g., Mathematics, Statistics, Engineering, CS, Finance).
• Nice-to-have: FRM or CFA certifications; published EC or credit risk research.

Responsibilities

• Define methodological frameworks for wholesale and retail EC models.
• Provide SME leadership on EC theory, practice, and regulatory expectations.
• Coordinate cross-functional model development with IT, validation, and business partners.
• Manage the EC program roadmap and governance checkpoints.
• Collaborate with EMRM on validation strategy and timelines.
• Communicate strategic rationale to senior management, Steering Committee, and regulators.
• Coordinate IT infrastructure requirements for model development, testing, and production environments.
• Explore the use of AI for EC model research and implementation.

Skills

Credit EC Modeling

Model Leadership

Python

SQL

Regulatory Awareness

Cross-functional Leadership

Education

Master's degree in a quantitative discipline

Tools

Python

SQL

AI tools

Job description

What is the opportunity?

As Director, you will lead the strategic re-engineering and development of Economic Capital (EC) models and processes for wholesale and retail credit portfolios, replacing the legacy framework with a modernized, in-house solution. This role serves as the primary thought leader and subject matter expert for the Economic Capital strategic initiative, providing guidance on model design, methodological choices, and implementation strategy. The Director will combine deep technical expertise in economic capital modeling with strategic project leadership capabilities, coordinating multiple internal stakeholder groups including model development, validation, IT and business partners. This transformational role bridges sophisticated modeling work with organizational change, driving the development of simpler, more practical EC solutions that enhance RBC's strategic autonomy in capital modeling.

You will champion the intellectual vision and direction of the initiative, including the definition of methodological frameworks, evaluation of technical alternatives, and communication of complex modeling concepts to senior management and regulatory bodies. This role balances detailed modeling contributions with high-level strategic coordination and governance responsibilities.

What will you do?

• Lead EC Strategic Vision: Define methodological frameworks for wholesale and retail models, including valuation approaches, correlation modeling, credit migration frameworks.
• Provide Technical Thought Leadership: Serve as SME on EC theory, practice, and regulatory expectations; ensure methodological rigor and implementability.
• Manage Cross-Functional Coordination: Align wholesale and retail model development activities while maintaining consistency and facilitating knowledge transfer across teams.
• Drive Project Execution: Manage the roadmap through Tollgate Delivery Framework, establish governance checkpoints, and manage dependencies with validation timelines.
• Collaborate with Enterprise Model Risk Management (EMRM) on model validation strategy and approach. Work closely with EMRM leads to ensure proposed methodologies meet regulatory and governance standards, and coordinate the validation timelines and processes.
• Communicate with Stakeholders: Articulate strategic rationale and benefits to senior management, the Steering Committee, and regulators.
• Coordinate with IT and technology partners on infrastructure requirements for model development, testing, and production environments. Define technical requirements for business managed application infrastructure that will replace the existing IT-managed framework, ensuring timely availability of development and production platforms.
• Explore the use of AI for EC model research, development and implementation.

What do you need to succeed?

Must Have

• 7-10 years' experience in credit economic capital modeling, credit risk quantification, and regulatory capital frameworks. Prior experience in credit EC modeling is strongly preferred.
• Proven track record of leading model development initiatives and technical projects.
• Proficiency in Python, SQL, and other programming/analytical and AI tools.
• Demonstrated ability to translate complex technical concepts for senior stakeholders and regulatory audiences.
• Experience managing cross-functional teams and coordinating large-scale modeling initiatives
• Master's degree in a quantitative discipline (e.g., Mathematics, Statistics, Engineering, Computer Science, Finance).

Nice to Have

• Advanced certifications in financial risk management (FRM, CFA)
• Published research or advanced modeling work in economic capital or credit risk

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 competitive compensation, flexible benefits and bonuses.
• Work in a dynamic, collaborative, progressive and high-performing team.
• Opportunities to do challenging work and take on progressively greater accountabilities.

Job Skills

• Client Counseling
• Competitive Markets
• Credit Risk Modeling
• Critical Thinking
• Financial Instruments
• Financial Regulation
• Financial Risk Modeling
• Investment Risk Management
• Long Term Planning
• Quantitative Methods
• Risk Management
• Risk Modeling
• Risk Models

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:

2026-09-17 Application Deadline:

2026-10-02 Note : Applications will be accepted until 11:59 PM on the day prior to the application deadline date above