Company: Royal Bank of Canada

Location: Toronto, ON

Expected salary:

Job date: Thu, 14 Nov 2024 07:24:35 GMT

Job description: Job Summary Participates in the implementation of credit risk management systems and processes to support efforts to minimize credit risk. Applies complete knowledge, skills, and practices to perform assignments.Job DescriptionWhat is the opportunity?The RBC Credit Strategy team is hiring for a Manager – Cards Credit Strategy & Data Science. You will use advanced analytics to develop credit strategies to grow RBC revenue and manage risk to ultimately optimize portfolio profitability. This includes experimental design, profitability modelling, data mining, analytics, and machine learning. The successful candidate will be responsible to take initiatives through the various phases of ideation, analysis, recommendation for approval and implementation.What will you do?

• Use data mining, profitability modelling and business intuition to inform lending decisions for cards acquisition credit programs
• Optimize the profitability of RBC’s retail credit card portfolio by analyzing, designing, and recommending credit strategies
• Generate learnings to enhance credit strategies using Design of Experiments (DOE), Foundational Testing, Challenger/Champion and other testing methodologies
• Lead end-to-end stakeholder engagement with senior management across risk management, product, operations and other groups
• Support the implementation and ongoing integrity of credit strategies within appropriate systems (e.g. Pathfinder, TRIAD)
• Build financial models to simulate financial outcomes of strategy decisions, measure true outcomes against expectations and drive continuous improvement from findings
• Test new methodologies and tools to enhance models and strategies, and drive innovation within credit strategy frameworks and infrastructure

What do you need to succeed?Must-have

• 3+ years of progressive analytics experience, preferably performing advanced risk analytics and strategy design for lending products
• Expert problem solving skills including understanding of credit risk fundamentals and financial modelling
• Proficient in SQL, Excel, SAS, Word, and PowerPoint
• Experience with modern analytical tools and technology stacks; Python, GitHub, AWS, HDFS, etc.
• Experience with Data Visualization tools such as Python (Matplotlib, Plotly, Seaborn) and Tableau
• Ability to develop effective and collaborative relationships (e.g. with stakeholders, credit bureaus, and remote teams)
• Ability to design and deliver compelling presentations to senior management and other stakeholders
• Proven experience in delivering high quality and accurate work with the ability to multitask and shift priorities

Nice-to-have

• People leadership experience leading a team of high performing analysts
• Experience with adaptive control software (e.g. TRIAD, Probe) and credit scoring technologies
• Equally effective and conversant in business and technical environments
• University degree in a quantitative field of study (e.g. statistics, engineering, economics, finance, computer science)
• 3+ years of direct role-related experience

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
• Work in a dynamic, collaborative, progressive, and high-performing team

• A Total Rewards program that includes flexible benefits, work/life balance and career development programs and investment and retirement savings plans
• Competitive pay and high-earning potential
• All the tools, training, and team support you need to grow your career
• Flexible work/life balance options

Job Skills Business Data Analysis, Communication, Credit Analysis, Critical Thinking, Database Queries, Data Visualization, Decision Making, Quantitative Methods, Risk ManagementAdditional Job DetailsAddress: RBC WATERPARK PLACE, 88 QUEENS QUAY W:TORONTOCity: TORONTOCountry: CanadaWork hours/week: 37.5Employment Type: Full timePlatform: GROUP RISK MANAGEMENTJob Type: RegularPay Type: SalariedPosted Date: 2024-11-12Application Deadline: 2024-11-30Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date aboveInclusion and Equal Opportunity EmploymentAt RBC, we embrace diversity and inclusion for innovation and growth. We are committed to building inclusive teams and an equitable workplace for our employees to bring their true selves to work. We are taking actions to tackle issues of inequity and systemic bias to support our diverse talent, clients and communities.We also strive to provide an accessible candidate experience for our prospective employees with different abilities. Please let us know if you need any accommodations during the recruitment process.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 .