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Associate, US Credit Risk Governance and Reporting

RBC Capital

RBC Capital

Jersey City, NJ, USA
Posted on Tuesday, July 9, 2024

Job Summary

Job Description

WHAT IS THE OPPORTUNITY?

As a part of the Credit Risk Governance and Reporting team you will have the opportunity to drive bank-wide decisions through the creation, innovation, and maintenance of credit reports, policies, risk appetite measures, and key risk indicators which are presented to senior management, the regulators, and the Board. You will also be reviewing and analyzing large data sets monthly, collaborating with a wide variety of stakeholders to understand the credit environment, and staying up to date on macro-economic and the regulatory environment in order to put together a narrative on the performance of the credit portfolio to be presented to senior management.

WHAT WILL YOU DO?

Prepare credit risk reporting for RBC’s Combined U.S. Operations (“CUSO”) on a monthly and quarterly basis, providing a portfolio level view to senior management, the Risk Committee of RBC’s Intermediate Holding Company’s (“RBC US Group Holdings LLC”, “RBC US”) Board and regulatory bodies including FRB and the OCC

  • Analyze large datasets from multiple sources across the RBC US and the NY Branches, highlighting key trends, material risks and concentrations in reports to be reviewed by the Director, Credit Governance & Risk Reporting, U.S. Chief Credit Officer and U.S. Chief Risk Officer
  • Monitor credit risk appetite metrics, single name and sector concentration limits for the RBC US; work with First Line of Defense (LOD) and 2LOD legal entity level teams annually to calibrate limits and metrics, ensuring sufficient capacity for growth in line with strategic plans and within risk appetite constraints
  • Work with Risk IT and Risk Technology teams to automate credit risk reporting tools; proactively recommend and develop analytical tools to enhance credit insights and improve efficiency
  • Act as a primary Business contact to manage IT work for the Single Credit Counterparty Limit (“SCCL”) database; attend daily scrum calls, recommend priorities, perform User Acceptance Testing (“UAT”) on tickets released into production
  • Work closely with internal partners including Enterprise Risk, Finance, Loan Portfolio Management and Regulatory Reporting to investigate and reconcile discrepancies
  • Maintain team manual on credit risk reporting processes; lead cross-training sessions
  • Address ad hoc requests from senior management, the RBC US Board, and regulatory bodies

WHAT DO YOU NEED TO SUCCEED?

Must have

  • Masters and Bachelor’s degrees reflecting both financial and computing disciplines in either Business Administration, Finance, Economics, Computer Science, or a quantitative discipline
  • High degree of computer literacy with a demonstrated proficiency in the use of Excel and quantitative tools.
  • Computer programming skills (including SQL, Python, VBA, Tableau)
  • Experience analyzing problems with outstanding attention to detail
  • Excellent written and verbal communication skills; ability to work with multiple stakeholders
  • Highly developed organizational skills including ability to prioritize a large number of workflow items

Nice-to-have:

  • Knowledge of Credit Risk Management
  • Experience with automation tools and techniques

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, competitive compensation, commissions, and stock where applicable
  • Leaders who support 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 world-class training program in financial services
  • Flexible work/life balance options
  • Opportunities to do challenging work

The good-faith expected salary range for the above position is $80,000- $120,000 depending on factors including but not limited to the candidate’s experience, skills, registration status; market conditions; and business needs. This salary range does not include other elements of total compensation, including a discretionary bonus and benefits such as a 401(k) program with company-matching contributions; health, dental, vision, life and disability insurance; and paid time-off plan.

RBC’s compensation philosophy and principles recognize the importance of a highly qualified global workforce and plays a critical role in attracting, engaging and retaining talent that:

· Drives RBC’s high performance culture

· Enables collective achievement of our strategic goals

· Generates sustainable shareholder returns and above market shareholder value

#LI-Hybrid

#LI-POST

Job Skills

Communication, Computer Programming, Credit Analysis, Effective Written Communication, Microsoft Access VBA, Microsoft Excel, Microsoft PowerPoint, Microsoft SQL Server, Oral Communications, Python (Programming Language), Written Presentation

Additional Job Details

Address:

GOLDMAN SACHS TOWER, 30 HUDSON STREET:JERSEY CITY

City:

Jersey City

Country:

United States of America

Work hours/week:

40

Employment Type:

Full time

Platform:

GROUP RISK MANAGEMENT

Job Type:

Regular

Pay Type:

Salaried

Posted Date:

2024-07-08

Application Deadline:

2024-09-09

Inclusion and Equal Opportunity Employment

At 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.
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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.

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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 jobs.rbc.com.