Company: Royal Bank of Canada

Location: Toronto, ON

Expected salary:

Job date: Fri, 25 Oct 2024 06:17:38 GMT

Job description: Job Summary Monitors market risk and implements risk management systems and processes to minimize any risk to the market. Applies extensive, in-depth knowledge, skills, and practices to perform complex assignments.Job DescriptionWhat is the opportunity?
The RBC Credit Strategy team is hiring for a Senior Manager – Credit Strategy & Data Science to lead the Cards Account Management team combining credit strategy development with credit talent management responsibilities. You will use advanced analytics to develop credit strategies to grow RBC revenue and manage risk to ultimately optimize portfolio profitability. You will also be accountable for the development of an existing talented credit team within the group.What will you do?Use data mining, profitability modelling and business intuition to inform lending decisions for cards credit programs such as Line Management and Transaction AuthorizationsOptimize the profitability of RBC’s retail credit card portfolio by analyzing, designing, and recommending credit strategiesEngage senior management and Group Risk Management partners to refine and execute said strategiesSupport 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 findingsGenerate learnings to enhance credit strategies using Design of Experiments (DOE), Foundational Testing, Challenger/Champion and other testing methodologiesSupport the attraction, development and establishment of a highly talented analytical credit teamDesign and implement management systems to foster and develop a best-in-class credit analyst teamTest new methodologies and tools to enhance models and strategies, and drive innovation within credit strategy frameworks and infrastructureWhat do you need to succeed?Must-have3+ years of progressive analytics experience, preferably performing advanced risk analytics and strategy design for lending productsExpert problem solving skills including understanding of credit risk fundamentals and financial modellingProficient in SQL, Excel, SAS, Word, and PowerPointExperience with modern analytical tools and technology stacks; Python, GitHub, AWS, HDFS, etc.Experience with Data Visualization tools such as Python (Matplotlib, Plotly, Seaborn) and TableauAbility 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 stakeholdersProven experience in delivering high quality and accurate work with the ability to multitask and shift priorities University degree in a quantitative field of study (e.g. statistics, engineering, economics, finance, computer science) – to demonstrate ability for critical thinking, data analytics and financial modelingNice-to-havePeople leadership experience leading a team of high performing analystsExperience with adaptive control software (e.g. TRIAD, Probe) and credit scoring technologiesEqually effective and conversant in business and technical environmentsWhat’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 applicableLeaders who help your development through coaching and managing opportunitiesAbility to make a difference and lasting impactWork in a dynamic, collaborative, progressive, and high-performing teamJob Skills Client Counseling, Critical Thinking, Derivatives, Economic Analysis, Financial Instruments, Investment Banking Analysis, Investment Risk Management, Market Risk, Quantitative MethodsAdditional 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: 2024-10-23Application Deadline: 2024-11-23Inclusion 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 .