Senior Analyst, Stress & Impairment

Job Summary

The Senior Analyst, Stress & Impairment will support the execution of live production and infrastructure maintenance for our Credit Measurement System (CMS), which employs a collection of models used to estimate and report forward-looking expected credit losses (ECL), primarily for loans in RBC’s banking book portfolios.

You will focus on models for Wholesale, Retail and Capital Markets products, with opportunity to expand and grow through time in other related areas. You will assist Senior Director and Director Stress & Impairment in the execution and maintenance of forward-looking banking-book credit loss projection models and IFRS 9 and CECL credit provisioning and loan portfolio stress testing requirements. You will assist Senior Management and the Board in understanding critical measurement issues relating to forward-looking portfolio performance matters.

The team has significant impact across the bank and continuous interactions with other groups, including Senior Management and regulators.

Job Description

What is the opportunity?

As part of the Group Risk Management team, the Senior Analyst, Stress & Impairment will support the execution of live production and infrastructure maintenance for our Credit Measurement System (CMS), which employs a collection of models used to estimate and report forward-looking expected credit losses (ECL), primarily for loans in RBC’s banking book portfolios.

What will you do?

• Assist in the execution and maintenance of time-sensitive IFRS 9 and CECL live production runs in CMS.
• Support requests from model builders, validators and auditors regarding data and methodology aspects associated with the credit loss models.
• Develop and/or implement testing and reporting methodologies, including model testing, calibration and monitoring performance.
• Assist in preparation of technical whitepapers and presentations, as well as other documents pertaining to implemented models, technologies, and/or analyses.
• Perform scenario/change impact analyses for communication to Senior Management, with focus on business and risk implications.
• Facilitate integration and automation of modeling and reporting changes in CMS and their promotion to BAU production processes.
• Role focus: analytical and statistical technical tools used for credit risk, data and change management, methodology development & implementation.
• Tailor best solutions based on materiality, timelines and available resources.
• Research and keep abreast on credit methodologies and data analytics, to ensure RBC is a leading institution on best practices across the industry.

What do you need to succeed?

Must Have:

• Undergraduate, and preferably graduate, degree in a quantitative discipline such as physics, mathematics, statistics, engineering, economics, econometrics, actuarial science, finance and/or relevant professional qualifications, with focus on quantitative statistical and analytical skills.
• 1+ years of relevant business work experience in quant groups (risk, front office, etc.) in the financial industry.
• 1+ years of programming experience with tools such as SAS, SQL, Python, Excel/VBA.
• Ability to communicate complex concepts to a non-technical audience.
• Strong conceptual, analytical, and problem solving skills. Ability to tailor analysis to required level of precision.

Nice-to-Have:

• FRM and/or CFA would be an asset.
• Prior work experience in credit risk modeling, stress testing, credit portfolio analysis, and credit provisioning would be an asset.

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.

#LI-Post
#LI-Hybrid

Job Skills

Credit Risk Management, MS SQL Queries, Python (Programming Language), Risk Management, Risk Management Information Systems

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: 2025-04-23

Application Deadline: 2025-04-29

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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