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Payrate: $20-$25, depending on experience and qualifications
What is the opportunity?
- The Analyst of Credit Models & Methodology will support senior modelers in the development of credit risk models. The models will be used to estimate Basel AIRB parameters (PD, LGD, EAD) for risk quantification and regulatory capital calculation. The successful candidate will be responsible for development of credit risk models for both wholesale and retail credit portfolios in the Credit Models & Methodology teams within RBC Group Risk Management.
- We are looking for a bright, committed, high-performing individual to become a key contributor in the development of quantitative methodologies. We are a team that prides itself for high quality work with significant impact across the bank and continuous interaction with other groups, senior management and regulators. Given the nature of our work, the opportunity to learn, grow and expand your network is significant.
What will you do?
- Support senior modelers in the development of credit risk models from large datasets, including data analysis, writing and testing code, monitoring model performance, writing technical documentation, etc.
- Work closely with stakeholders to ensure models are fit for purpose.
- Provide Credit Methodology support to our Basel AIRB parameters estimation.
- Document RBC’s credit risk modeling methodologies, frameworks, and practices.
- Wide scope for growth in other risk areas. We tailor projects to the needs of RBC and the interests of team members.
What do you need to succeed?
- University degree (graduate degree preferred) in a quantitative disciplines such as statistics, economics, econometrics, finance, mathematics, physics, engineering and/or a relevant professional qualification, with concentration in quantitative methods.
- Strong conceptual, analytical, and problem solving skills. Ability to communicate, verbally and in writing, complex concepts to a non-technical audience
- Familiar with a range of programming and statistical modeling tools such as SAS, Python, or R.
- Knowledge and experience with robust data infrastructure of model development and analytics. Strong command of the database language such as SQL.
- Knowledge of credit risk methodology, including Basel Accord and/or credit/market stress testing models is an asset.
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.
- Leaders who support your development through coaching and managing opportunities
- Work in a dynamic, collaborative, progressive, and high-performing team
- Opportunities to do challenging work
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