Associate Director, Stress Testing Analytics
City : TORONTO, Ontario, Canada
Category : Technology | Analytics | Research
Industry : Financial/Banking
Employer : RBC
Job Summary
Job Description
What is the opportunity?
The Associate Director, Stress Testing Analytics will assist the Director, Enterprise Stress Testing Analytics, in managing the activities of the credit stress testing team by providing expert analysis, technical solutions, and guidance on RBC’s banking book loss estimation under the bank’s enterprise stress testing activities, including the Comprehensive Capital Analysis and Review (CCAR), Macro Stress Test (MST) and Enterprise Wide Stress Test (EWST) programs.
What will you do?
Implement and execute reporting analytics and procedures required for reporting ACL (Allowance for Credit Losses) and PCL (Provisions for Credit Losses) under the banking book portfolio for stress testing programs.
Own and execute the reporting processes, maintain, and enhance process efficiencies to reduce operational risks. As the subject matter expert on credit provisioning and loss metrices ACL/PCL, you will be interacting with model implementation teams to understand the data lineage required for downstream reporting of stress testing results.
Work with stress testing teams to implement the reporting and analytical systems to support regulatory submissions and supporting team though the ongoing annual and quarterly stress tests under CCAR and EWST programs.
Effectively manage the reporting of stress testing results, to be incorporated into Review & Challenge (R&C) decks for the presentation to the senior management and stakeholders.
Aid in the design, implementation, and execution of specific processes and/or controls to operationalize the functionality of the team where needed.
Lead remediation effort and plan for control/compliance issues identified by management, internal and external auditors.
Anticipate, and be able to answer, both written and verbally, nearly all substantive questions related to the work of their team to internal and external stakeholders, including the respective regulators.
Independently validate stress testing results and ensure adequate governance over processes.
What do you need to succeed?
Must-have
A degree in an analytical discipline such as statistics, mathematics, or economics, and relevant professional experience in quantitative methods, finance, or risk management.
3+ years of experience with analytical work with a financial institution. Other industry experience will be considered based on applicability.
Cross-functional capability, with good business, risk, and regulatory requirement knowledge in more than one of the following risk areas: market or trading risk, credit risk, structural interest rate risk, and liquidity risk.
Experience understanding data and related analysis including expertise in programming languages such as SAS and Python.
Experienced in working with Internal and External Auditors.
Knowledge of Credit Risk modelling concepts and their application
What’s in it for you?
We thrive on the challenge to be our best, thinking progressively 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
Leaders who support your development through coaching and managing opportunities
Ability to make a difference and lasting impact
Work in an agile, collaborative, progressive, and high-performing team
The opportunity to interface with executives from many different parts of the organization
Job Skills
Analytical Thinking, Critical Thinking, Management Reporting, Quantitative Methods, Stress TestingAdditional Job Details
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