Director, Group Risk Management (Auto & Personal Lending)

RBC; Toronto; On-site; CAD 150,000 - 200,000; Full time

Job summary

A leading banking institution is seeking a Director for Group Risk Management in Toronto. The role involves providing strategic oversight in risk management for Personal Lending and Automotive Finance. Candidates should possess in-depth knowledge of these areas, over 10 years of experience in financial services, and a quantitative degree. This opportunity offers a comprehensive rewards program and a chance to make a significant impact in a collaborative environment.

Benefits

Comprehensive Total Rewards Program

Competitive compensation

Opportunities for professional growth

Qualifications

• In-depth knowledge of Automotive Finance and/or Personal Lending.
• Strong experience in risk management with a solid understanding of the credit business.
• Minimum 10 years experience in financial services.

Responsibilities

• Provide strategic oversight to Credit Adjudication on strategies.
• Influence partners to develop and maintain a balanced risk mindset.
• Monitor external events and relevant industry practices.

Skills

Auditing

Business Analytics

Risk Management

Strategic Thinking

Decision Making

Education

University degree in a quantitative field

Job description

Overview

What is the opportunity?

As part of the Group Risk Management team, the Director, Group Risk Management (Auto & Personal Lending) will act as the GRM lead and SME for the PL and AF businesses, and ensure risks inherent in new or amended products, services, initiatives, strategies, policies, processes, and systems are efficiently and accurately identified, assessed, mitigated, measured, controlled, and monitored, while balancing risk and reward to enable sustainable growth.

This includes oversight and effective challenge of business risk appetite and contribution to the development of business risk appetite measures and constraints.

Responsibilities

• Provide strategic oversight to Credit Adjudication on their strategies, processes, and Delegated Lending Authorities (DLAs) specific to PL and AF products.
• Provide counsel to business partners on financial and non-financial risk matters and add value through specific expertise and recommendations.
• Together with the GRM Canadian Banking Credit Scoring and Strategies team, assess credit strategies and models impacting PL and AF portfolios.
• Monitor external events, relevant industry practices and the business environment, as well as internal changes and developments to identify emerging risks and enhance risk management practices.
• Maintain strong level of proactive risk monitoring: review and understand PL, PayPlan and AF portfolio performance, key metrics, and risk appetite; identify areas for further consideration or review and recommend actions and changes as appropriate. Liaise with business partners accordingly.
• Governance & Reporting and Enterprise Risk on key metrics and risk appetite measures that impact the Canadian Banking and Enterprise level risk appetite.
• Influence partners to develop and maintain a balanced risk mindset and an effective first line of defence within each business, supported by appropriate behaviours, oversight routines and controls. Reinforce the importance of risk identification, awareness, and advice through strong routines with key partners and stakeholders.
• Provide product specific and industry insights to Senior Management in GRM and key partners in Governance & Reporting, Investor Relations, etc. as needed.
• Demonstrate strategic thinking and agility across business segments outside of key areas of accountability, and provide thought leadership, subject matter expertise and guidance to business units outside of Canadian Banking and respective GRM peers, as required.
• Be seen as a trusted and respected partner by key stakeholders in the businesses and functions; add value through expertise and a solution mindset with win-win outcomes while promoting an environment of open dialogue and effective challenge.

Qualifications

Must Have

• In depth knowledge of Automotive Finance and/or In depth knowledge of Personal Lending
• Strong experience in risk management, with a solid understanding of the credit business, including product economics.
• Minimum 10 years experience in financial services and a full awareness of the strategic issues and opportunities facing the industry.
• University degree in a quantitative field of study (e.g., statistics, economics, business) – to demonstrate ability for critical thinking & numerical analytics

Nice to Have

• Ability to generate unique, actionable insights & recommendations from analytics and use strong presentation skills to develop a compelling business case for them in from of senior management
• Strong analytical skills with the ability to interpret data, innovate and make strategic decisions.
• Experience in developing a Test & Learn Environment and knowledge of designing & executing comprehensive Foundational Testing experience with application processing & credit scoring platforms

What is in it for you?

We thrive on the challenge to be our best, progressive thinking, to keep growing, and working together to build and deliver trusted reporting to help our stakeholders succeed 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
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to take on progressively greater accountabilities

Job Skills

Auditing, Audits Compliance, Business Analytics, Business Risks, Credit Strategies, Decision Making, Financial Risk Management (FRM), Information Security Management, Occupational Safety and Health, Operational Delivery, Quality Management, Results-Oriented, Risk Appetite, Risk Management, Security Management, Strategic Thinking, Training Programs

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

Pay Type: Salaried

Posted Date: 2025-09-25

Application Deadline: 2025-10-11

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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