Director, Credit Modeling & Methodology

RBC; Toronto; On-site; CAD 90,000 - 150,000; Full time

Job summary

An established industry player is seeking a Director for Credit Modeling & Methodology to lead a team in developing and overseeing wholesale credit models. This role offers the chance to shape strategic plans, implement robust governance frameworks, and foster a strong technical talent pool. The ideal candidate will possess extensive experience in credit risk modeling and programming, alongside exceptional analytical skills. Join a dynamic and collaborative environment that values progressive thinking and offers flexible work-life balance options, ensuring mutual success for clients and communities alike.

Benefits

Comprehensive Total Rewards Program

Flexible benefits

Competitive compensation

Development coaching

Dynamic team environment

Work/life balance options

Qualifications

• 7+ years in credit risk modeling and strong analytical skills.
• Experience with robust data infrastructure and programming.

Responsibilities

• Manage team for wholesale credit model development and oversight.
• Design controls to strengthen model governance framework.

Skills

Credit Risks

Critical Thinking

Data Processing

Model Governance

People Management

Risk Models

Education

Master or PhD in quantitative area

Tools

Python

SQL

SAS

Job description

Job Summary

Job Description

What is the opportunity?

As part of the Group Risk Management (GRM) team, the Director, Credit Modeling & Methodology will manage a team that is accountable for the development and oversight of the wholesale credit models, including IRB parameters and Stress & Impairment models (IFRS9, CECL, CCAR, EWST).

This group will spearhead the approval process with the Credit Model Governance Committee (CMGC - voting members consist of three SVPs within GRM).

What will you do?

• Execute and communicate the strategic plan for wholesale models across internal stakeholders and regulators.
• Design and implement robust controls to strengthen the wholesale model governance framework
• Build and develop a strong technical talent pool with a focus on career progression and succession planning
• Lead model development activities including data collection, model development, testing and documentation
• Oversee data management for modeling, ensuring infrastructure supports model development and enhancements
• Evaluate and introduce new techniques for model building, staying current with best practices
• Understand and articulate different strategic options and make strong recommendations, to Senior Director, CMM.
• Manage internal stakeholder relationships, ensuring effective model governance and project execution

What do you need to succeed?

Must-have

• 7+ years of relevant work experience in credit risk modeling (IRB, IFRS9, CCAR, CECL and EWST)
• Master or PhD degrees in a quantitative area (statistics, mathematics or mathematical finance or engineering) or equivalent professional qualification
• Extensive experience with robust data infrastructure, programming proficiency (e.g., Python, SQL, SAS) and credit risk model development.
• Exceptionally strong analytical and problem-solving skills
• Strong written and verbal communication skills, particularly in explaining complex concepts to non-technical audiences.

Nice-to-have

• Demonstrated leadership in cross-functional environment. Being able to lead, motivate, and inspire a team towards a common goal.
• Creativity to go beyond current tools and deliver optimal solutions.
• Prior experience in the wholesale credit risk model development
• Familiarity with additional programming languages or tools (e.g. cloud-based platforms) to enhance data processing and modeling capabilities.

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
• Flexible work/life balance options

Job Skills

Credit Risks, Critical Thinking, Data Processing, Model Governance, People Management, 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:

2025-04-28

Application Deadline:

2025-05-10

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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