Associate Director, Stress Testing Analytics
- Location: Toronto, ON – Hybrid (4 days onsite)
- Pay Rate: $56.13-$66.28/hr
- Contract Length: 12 Months
We at Raise are hiring a Associate Director, Stress Testing Analytics for one of our top clients. After establishing themselves as an industry leader, they’re now expanding their team to meet rising demand. We’re hiring right now; if you’re interested, apply below for your chance to join a great place to work.
Responsibilities:
- 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.
- This incumbent will work with stakeholders from GRM, Finance, Treasury, IT to develop/enhance credit portfolio stress testing measurement and reporting processes, controls, and infrastructure, while ensuring compliance to internal and external requirements to meet stress testing reporting standards under US and Canadian regulations.
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 through the ongoing annual and quarterly stress tests under CCAR, MST, 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.
Key Accountabilities:
- Provide assistance and guidance to technical staff for developing mapping logic for source data feeds
- Configure and extract position data using internal Enterprise Risk System for generating business specific products to generate future cash flows, create new products/accounts, model customer behaviour, balance position data to general ledger, and develop reports to comply with regulatory requirements
- Develop and generate reports in appropriate format to be submitted to regulatory bodies
Knowledge and Experience:
- Undergraduate degree in a technical field such as engineering, mathematics, physics, or computer science and a graduate degree in business, economics, or MBA
- 5-9 years relevant work experience
- Practical knowledge and experience in financial data mapping concepts and processes
- Practical and solid knowledge of business-specific banking products
- Experience and knowledge in the areas of data warehousing, relational databases and information flow
Skills and Competencies:
- Working knowledge of risk measurement (i.e. market risk or credit risk or liquidity risk) and valuation methodology of capital markets and banking products with any risk system
- Proven business analysis and problem solving skills
- Ability to identify, analyze and rectify project issues as they arise
- Well developed PC Skills with respect to spreadsheets, access database and presentation software
- Ability to construct and execute complex SQL queries to extract information
- Ability to deal with ambiguous inputs/user requirements and able to question, interpret, investigate, define the ambiguity and obtain answers
- Ability to convey complex conceptual information involving extensive interpretation and opinion which would involve technical and business components
Must-have:
- A university 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. Strong risk and controls mindset.
- Experience understanding data and related analysis with proven experience working with SAS, Python, Spark, and SQL.
- Proven experience working with version control systems, particularly Git.
Nice-to-have:
- Prior experience preferred in stress testing or cross-functional coordination within a risk subject matter expert role.
- Ability to quickly grasp new concepts, especially in the field of risk management and finance/accounting (e.g. CCAR, EWST).
- Ability to tailor analysis to required level of precision.
- Ability to communicate, verbal and in writing, complex concepts to a non-technical audience.
- Experienced in working with Internal and External Auditors.
Attributes:
- Ability to react to changing demands on an ad hoc basis
- Analytic/Systematic Thinking
- Problem Solving
- Conceptual Thinking
- Teamwork & Partnering
- Results Orientation
- Impact & Influence
Looking for meaningful work? We can help!
Raise is an established hiring firm with over 65 years of experience. We believe strongly in making the world a better place through work, which is why we’re a certified B Corporation and donate 10% of our profits to charity.
We strive to build teams that reflect the diversity of the communities we work in. We encourage all qualified applicants to apply, including people from traditionally underrepresented groups such as women, visible minorities, Indigenous peoples, people identifying as LGBTQ2SI, veterans, and people with visible/nonvisible disabilities.
We have a dedicated webpage for accommodations where you can learn more about what we offer and request accommodation: https://raise.jobs/accommodations/
In order to submit candidates for roles, our clients will sometimes require personal information to confirm the identity of applicants and their legal status to work. Raise will never ask you for personal or banking information unless you have been selected for a job. If you are ever unsure about the legitimacy of this or another job posting by Raise (or have any other questions), please contact us at +1 800-567-9675 or hello@raiserecruiting.com
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