Lead Quantitative Risk Analyst, Advanced Analytics & Credit Modelling

Job Description

What is the opportunity?​

As part of the Commercial & Wholesale Credit Risk, the Lead Quantitative Risk Analyst, Advanced Analytics & Credit Modelling will work closely with the model development team and credit risk experts to understand drivers of changes in PCL and support the broader team in delivering deeper analysis. You'll combine technical expertise with business acumen to analyze client behavior, evaluate credit performance, and assess Stage 3 PCL / Coverage trends.

What will you do?

• Support the development of Machine Learning, credit scoring, and Stage 3 PCL loss forecasting models to reduce losses and drive revenue.
• Extract, clean, validate, and analyze data from multiple sources to quantify borrower behavioral patterns and identify credit loss drivers and trends.
• Support the broader team's initiatives, analytics, and ad hoc requests.
• Run various monthly and quarterly reporting, drive continuous improvement initiatives in collaboration with the broader team. Prepare reports and presentations summarizing key findings for review by senior leadership.
• Prepare comprehensive documentation, source codes, presentation decks, and model monitoring reports.

What do you need to succeed?

Must-have:

• Undergraduate degree in Mathematics, Statistics, Computer Science, Finance or other quantitative field of study; Master’s degree in quantitative discipline preferred
• Strong technical and automation skills such as SQL, Python to manage very large relational databases; Expert in MS Excel and PowerPoint.
• Strong analytical and statistical skills, with experience analyzing financial data and supporting model development.
• Solid understanding of credit risk and financial processes.
• Strong communication skills with the ability to explain analytical findings clearly.

Nice to have:

• Master’s degree in CS, finance, mathematics, statistics, or economics.
• Knowledge of other programming languages such as R or SAS.
• Prior model development / reporting experiences for IFRS9, stress testing or capital measurement.

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.

• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Opportunities to do challenging work

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Note: Applications will be accepted until 11:59 PM on the day prior to the application deadline date above

Our Employment Opportunities

At RBC, we are guided by living shared values of Client First, Integrity, Collaboration, Respect and Excellence and winning together as One 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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RBC is presently inviting candidates to apply for this existing vacancy. Applying to this posting allows you to express your interest in this current career opportunity at RBC. Qualified applicants may be contacted to review their resume in more detail.