Manager, Retail Credit Stress Testing

Job title:

Manager, Retail Credit Stress Testing

Company

Royal Bank of Canada

Job description

Job SummaryJob DescriptionWhat is the opportunity?RBC is hiring a Manager, Retail Credit Stress Testing. This role is responsible for the retail credit stress projections for the Enterprise-Wide Stress Test, Canadian and US regulatory stress tests, as well as ad-hoc analytics to support senior management decision-making.As a credit specialist in the Group Risk Management-Credit & Enterprise Stress Testing team, the role involves learning about the bank’s retail loan portfolios, material risks, and credit risk models, as well as collaborating with subject matter experts. It involves ownership of analysis, developing credit projections and reporting of key insights into RBC vulnerabilities to senior management and regulators.In this role and as part of the wider team, there are unique opportunities to gain a birds-eye view into the inner workings of a large financial institution; learn finance, risk, and treasury concepts; employ data science skills; and learn how novel risks such as geopolitical tensions and climate change impact the firm.This is a Hybrid role with 3 in-office days per week based out of the downtown Toronto office.What will you do?

• Perform retail credit risk stress testing exercises and ad-hoc analyses.
• Analyze data using empirical and statistical techniques to fine-tune financial and risk projections.
• Produce credit risk stress testing reports and presentations.
• Take ownership of the planning and execution of stress testing activities.
• Engage cross-functional stakeholders across Finance, Retail Risk, Model Risk, Business Segments, and Corporate Treasury.
• Coordinate with relevant subject matter experts to integrate the latest advancements in climate risk modelling into the credit risk projections.
• End-to-end project management, from idea conception, solution design, stakeholder buy-in, implementation and monitoring.

What do you need to succeed?Must-have

• Bachelor’s degree in Finance, Accounting, Risk Management, Engineering, Computer Science, Statistics, Mathematics, Behavioral Economics, or other quantitative field of study.
• Proficiency with Excel, Python, SQL, and PowerPoint.
• Strong analytical, communication and time management skills.

Nice-to-have

• Graduate degree in a relevant field.
• Industry experience in risk management (credit, liquidity and/or market risk) and/or risk consulting.
• Knowledge of stress testing and credit risk methodologies.
• Experience analyzing retail / personal lending product portfolios.
• Proficiency with a range of data tools, such as Tableau, Bloomberg Terminal, etc.
• CFA, FRM, CPA, or any finance- or risk-related professional designation/certification.
• Understanding of model risk management and validation processes.

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, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• A world-class training program in financial services
• Flexible work/life balance options
• Opportunities to do challenging work

Job Skills Business, Communication, Competitive Markets, Consumer Credit Risk, Credit Risks, Critical Thinking, Cross-Functional Teamwork, Data Analysis, Financial Instruments, Financial Regulation, Long Term Planning, Process Management, Quality Management, Quantitative Methods, Retail Credit, Risk Management, Stress TestingAdditional Job DetailsAddress: RBC CENTRE, 155 WELLINGTON ST W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2025-05-14Application Deadline: 2025-05-31Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt 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.Join our Talent CommunityStay in-the-know about great career opportunities at RBC. Sign up and get customized info on our latest jobs, career tips and Recruitment events that matter to you.Expand your limits and create a new future together at RBC. Find out how we use our passion and drive to enhance the well-being of our clients and communities at .

Expected salary

Location

Toronto, ON

Job date

Fri, 16 May 2025 04:53:16 GMT

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