Director, Credit Strategies

0000050007 Royal Bank of Canada; Toronto; On-site; CAD 120,000 - 180,000; Full time

Job summary

RBC is seeking a Director of Credit Strategies to optimize retail credit portfolios and lead a team towards achieving business targets and maximizing profitability. The ideal candidate will have strong leadership skills, along with a quantitative background and extensive experience in financial services. This pivotal role involves analytics, strategic development, and maintaining high employee engagement levels.

Benefits

Comprehensive Total Rewards Program

Coaching and development opportunities

Flexible benefits and compensation

Qualifications

• 10+ years of financial services experience, especially in credit risk and portfolio monitoring.
• Ability to lead cross-functional teams and influence partners.
• Strong verbal and written communication skills.

Responsibilities

• Lead and manage the credit quality of retail portfolios.
• Optimize profitability through strategic recommendations.
• Provide insights into key portfolio trends for growth.

Skills

Leadership

Analytical Skills

Risk Management

Relationship Management

Strategic Thinking

Education

University degree in a quantitative field

Job description

What is the opportunity? RBC Portfolio Management and Credit Strategies (PMCS) is hiring a Director of Credit Strategies. You willmonitorand manage the credit quality of the retail credit portfolios to agreed-upon standards and goals. Additionally, you will drive a high level of employee engagement and performance as well as deliver superior client experience and sustainable value generation for RBC shareholders. What will you do?

• Lead a team to optimize profitability of retail credit portfolios through the design, recommendation, implementation and monitoring of effective strategies through loan acquisitions
• Support business targets for balance growth and market share, while ensuring appropriate risk mitigation strategies are in place and the overall quality of the portfolio is maintained.
• Manage Provision for Credit Losses (PCL) by optimizing the balance between risk, reward, operational efficiency and customer impact.
• Lead a team to develop and manage credit scoring strategy, monitor portfolio performance and forecast overall performance through statistical modeling, research, innovation and leading edge tools and practices.
• Spot changing risk patterns and find portfolio vulnerabilities and opportunities, quantify them and present recommendations for optimization
• Impact and influence product design, pricing, policy, process, resource investment and future technology, with the goal of transforming the way RBC does business
• Provide concise, insightful and timely analytics of key portfolio trends that optimize the risk-reward trade-off, find opportunities to grow the business and streamline credit processes
• Maintain high employee engagement levels and strengthen high performing, collaborative, client-focused culture with teammates and stakeholders
• Present recommendations and opportunities to senior management and executives.

What do you need to succeed? Must-have :

• University degree in a quantitative field of study (e.g., statistics, economics, business, engineering) to demonstrate ability for critical thinking & numerical analytics
• 10 years + financial services experience across disciplines including credit risk, portfolio monitoring, finance, and credit product management
• Strong leadership and relationship management competencies with proven ability to lead cross-functional and project teams
• Able to impact and influence partners across external organizations and internal hierarchies
• Able to work strategically whilst integrating information and insights from multiple sources
• Able to spot and capitalize on opportunities arising from changes in market conditions
• Strong verbal and written communication skills, organizational awareness, and decision-making ability under pressure

Nice to have :

• In-depth knowledge of RBC’s Canadian consumer credit products, policies and procedures
• CFA, FRM, SOA, ASA, CPA would be an asset
• Strong knowledge and experience developing statistical models and applying their output in practical strategies including logistic regression, optimization, decision trees, neural nets, cluster analysis, divergence, KS, etc.
• Strategic knowledge of credit limit management and acquisitions including the unique risks, procedures and technologies associated with both areas

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, fair compensation, commissions, and stock where applicable
• Leaders who help your development through coaching and managing opportunities
• Ability to make a difference and lasting impact

Job Skills Credit Analysis, Delegating Tasks, Key Performance Indicators (KPI), New Challenges, People Management, Risk Management Additional Job Details

Address :

RBC WATERPARK PLACE, 88 QUEENS QUAY W : TORONTO

City : TORONTO

Country : Canada

Work hours / week : 37.5

Employment Type : Full time

Platform :

GROUP RISK MANAGEMENT

Job Type : Regular

Posted Date : 2025-05-14

Application Deadline :

2025-07-12 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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