Director, Credit Modeling & Methodology

RBC; Toronto; On-site; CAD 140,000 - 165,000; Full time

Job summary

RBC is seeking a Director for Credit Modeling & Methodology to lead a team dedicated to developing credit risk models and analytics tools. This role requires strong leadership and specialized knowledge in financial regulations. You will be responsible for enhancing processes and ensuring strategic compliance in modeling activities for HEF portfolios.

Benefits

Comprehensive Total Rewards Program

Development through coaching

Dynamic, collaborative work environment

Flexible work/life balance options

Qualifications

• 7+ years experience in credit risk modeling.
• Master or PhD degrees in quantitative field required.
• Extensive experience with data infrastructure.

Responsibilities

• Lead model development activities including data collection and testing.
• Execute strategic plans for credit models across stakeholders.
• Design robust controls for model governance.

Skills

Analytical skills

Problem-solving skills

Programming proficiency (Python, SQL, SAS)

Education

Master or PhD in quantitative area

Job description

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What is the opportunity?

The Director, Credit Modeling & Methodology will lead a model development team responsible for developing credit risk models and analytics tools used in the measurement of Expected Credit Loss, Provision for Credit Losses, Allowance for Loan and Lease Losses as well as for Stress Testing purposes (IFRS9, CECL, CCAR, EWST) for the bank’s Home Equity Finance (HEF) portfolio, which includes both mortgage and HELOC products.

Job Summary

Job Description

What is the opportunity?

The Director, Credit Modeling & Methodology will lead a model development team responsible for developing credit risk models and analytics tools used in the measurement of Expected Credit Loss, Provision for Credit Losses, Allowance for Loan and Lease Losses as well as for Stress Testing purposes (IFRS9, CECL, CCAR, EWST) for the bank’s Home Equity Finance (HEF) portfolio, which includes both mortgage and HELOC products.

What will you do?

• Execute and communicate the strategic plan for HEF models across internal stakeholders and regulators.
• Design and implement robust controls to strengthen the HEF 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 mortgage 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

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:

2025-06-06

Application Deadline:

2025-06-28

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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Seniority level

• Seniority level

  Not Applicable

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking and Financial Services

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