Director, Credit Strategies

RBC; Toronto; On-site; CAD 120,000 - 180,000; Full time

Job summary

RBC is seeking a Director of Credit Strategies to lead portfolio management and enhance credit quality. The role involves strategic oversight of retail credit portfolios, driving employee engagement, and ensuring risk mitigation while delivering superior client experiences. This position offers a comprehensive rewards package and opportunities for leadership development.

Benefits

Bonuses

Flexible benefits

Stock options

Leadership coaching

Development opportunities

Qualifications

• 10+ years in financial services, including credit risk and portfolio monitoring.
• Strong leadership and ability to influence partners.
• Market opportunity recognition skills.

Responsibilities

• Lead a team to optimize profitability of retail credit portfolios.
• Manage Provision for Credit Losses (PCL) effectively.
• Develop and manage credit scoring strategies.

Skills

Leadership

Relationship Management

Strategic Thinking

Communication

Decision Making

Education

University degree in a quantitative field

Job description

Join to apply for the Director, Credit Strategies role at RBC

Get AI-powered advice on this job and more exclusive features.

What is the opportunity?

RBC Portfolio Management and Credit Strategies (PMCS) is hiring a Director of Credit Strategies. You will monitor and manage the credit quality of the retail credit portfolios to established standards and goals. Additionally, you will drive employee engagement and performance, deliver superior client experience, and generate sustainable value for RBC shareholders.

Job Summary

Job Description

What will you do?

• Lead a team to optimize profitability of retail credit portfolios through effective strategies in loan acquisitions.
• Support business targets for balance growth and market share, ensuring risk mitigation and portfolio quality.
• Manage Provision for Credit Losses (PCL) by balancing risk, reward, efficiency, and customer impact.
• Develop and manage credit scoring strategies, monitor portfolio performance, and forecast using advanced tools and practices.
• Identify changing risk patterns, portfolio vulnerabilities, and opportunities, and present recommendations.
• Influence product design, pricing, policy, and technology to transform RBC’s business practices.
• Provide analytics on portfolio trends to optimize risk-reward, growth, and process efficiency.
• Maintain high employee engagement and foster a collaborative, client-focused culture.
• Present insights and recommendations to senior management and executives.

What do you need to succeed?

Must-have:

• University degree in a quantitative field (e.g., statistics, economics, engineering).
• 10+ years in financial services, including credit risk, portfolio monitoring, finance, or credit product management.
• Strong leadership and relationship management skills.
• Ability to influence internal and external partners.
• Strategic thinking with ability to synthesize information.
• Market opportunity recognition skills.
• Excellent communication and decision-making under pressure.

Nice to have:

• Knowledge of RBC’s Canadian consumer credit products and policies.
• Certifications like CFA, FRM, SOA, ASA, CPA.
• Experience with statistical models and practical strategy application.
• Knowledge of credit limit management and acquisition risks and technologies.

What’s in it for you?

We promote growth, innovation, and community impact through a comprehensive rewards package, leadership development, and meaningful work.

• Bonuses, flexible benefits, fair pay, and stock options.
• Leadership coaching and development opportunities.
• Opportunity to make a lasting impact.

Additional Details

Location: RBC WATERPARK PLACE, 88 QUEENS QUAY W, TORONTO, CANADA

Work hours: 37.5/week

Employment Type: Full-time, Salaried

Posted: 2025-05-14, Deadline: 2025-05-31

RBC is committed to diversity and inclusion, fostering a respectful and supportive workplace.